Future Technologies in Supply Chain and Logistics

The future of supply chains is being transformed globally by the development of a more digitalised environment, where value chains are connected, and distribution systems are increasingly intelligent, autonomous and automated. These advancements are anticipated to realise huge improvements in the flexibility, efficiency and automation of distribution. They are welcomed by suppliers who are continually aiming to ‘eliminate unnecessary production costs; improve the transport of goods and services and business performance; increase throughput; reduce cycle times and maintain quality,’ in order to operate in changing supply chain networks.

Organisations that are actively seeking to develop their industry 4.0 status and strategies must begin with an understanding of their current level of maturity in their specific context or supply network.

 “Those who invest in the big impact technologies may leap-frog their competitors over the coming decade.”

 

There are a number of immediate challenges and barriers facing companies, and service providers, where the organisations could leverage technology to drive improvement; these include:

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What Does Industry 4.0 Mean for Supply Chain Technology

Industry 4.0 represents the approach of the Fourth Industrial Revolution, where Information and Communication Technologies (ICT) form the infrastructural foundation for tomorrow’s innovative industrial technologies. We are already at the cusp of this revolution, in which the worlds of production and network connectivity are integrated through the Internet of Things (IoT) and Cyber physical systems (CPS).

The advanced technologies involved in Industry 4.0 are restructuring entire production systems by transforming analogue and centralized workflows into digital and decentralized production processes.

Supply chains are being transformed globally by the development of a more digitalised environment, where value chains are connected and distribution systems are increasingly intelligent, autonomous and automated.

We anticipate these advancements will bring about huge improvements in the flexibility, efficiency and automation of distribution. They are welcomed by suppliers working to eliminate unnecessary production costs, improve the transport of goods and services and business performance, increase throughput, reduce cycle times and maintain quality, all in the face of changing supply chain networks.

To find out more about how technology could enable your organisation, view the “Future technologies in supply chain and logistics” 2020 report.

Download the full “Future Technologies in supply chain and logistics” report.

Identify the technologies that are being leveraged within supply chains, the drivers for investment and technologies that are on the horizon to shape supply chains and logistics operations.

 

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future of technology paper cover

 

How Does an Organisation Prepare for Industry 4.0?

Industry 4.0 technologies will play a valuable role in the creation of smarter, better-connected supply chain networks, offering greater supply chain transparency, real-time tracking, better forecasting, critical thinking improved judgement, a reduction of inefficiencies, and an increased automation of repetitive tasks.

Reviewing some of the insights and survey findings from the Future technologies in supply chain and logistics paper may support you with direction and statistical information to support business case generation when presenting plausible solutions or applications

What do we mean by Digital?

David Lyon of Procurement Academy offers an overview of digital technologies.

Get involved, connect with your CIPS branch for more knowledge and insights. Connect to CIPS Branch.

 

Why Are Organisations Investing in Supply Chain Technologies?

David Lyon of Procurement Academy offers an overview of digital technologies.

future of technology bar chart

What Future Technologies Will Disrupt Supply Chains?

We evaluated 16 technologies within the context of supply chain management, products, processes and physical distribution:

  • Cloud Computing (CC)
  • Big Data Analytics (BDA)
  • Internet of Things (IoT)
  • Smart Sensors (SS)
  • Cyber Physical Systems (CPS)
  • 3D Printing/Additive Manufacturing (AM)
  • Machine Learning (ML)
  • Virtual Reality (VR)
  • Artificial Intelligence (AI)
  • Manufacturing Execution System (MES)
  • Blockchain (BC)
  • Drones
  • Robots
  • Collaborative Robots (Cobots)
  • Augmented Reality (AR)
  • Autonomous Vehicles (AV)

The Future Technologies in supply chain and logistics paper takes an insight into technology types and identifies which areas of organisations are leveraging the technologies, the timeline since investment and future aspirations for the technology.

Getting Digitalisation into your organisation

Edward Cross of Odesma discusses the digital strategy and how this connects with the procurement and organisational strategy.

Get involved, connect with your CIPS branch for more knowledge and insights. Connect to CIPS Branch.

 

“Those operating in supply chains are in a good position to reap the benefits of these new technologies, with 66% already focusing on service delivery models.”

 

A reflection on what the Procurement and Supply Management profession may look like fifteen years from now

Following extensive consultation with CIPS members and specialists in the field view the findings as we present two plausible scenarios.  Understand which direction your organisation is heading and how you can influence and shape the outcome with skills and technology

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the future

Gain More Insight into Future Technologies

3D Printing in Supply Chains

3D Printing in Supply Chains

The 3D printer could be set to revolutionise future supply chains by reducing supply complexities and increasing the speed to market of products

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Artificial Intelligence (AI)

Artificial Intelligence (AI)

Artificial intelligence has advanced significantly, chat bots and real time data for procurement teams to develop forecasting and reporting skills

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Blockchain

Blockchain

Blockchain is set to revolutionise how we work in many industries, the technology is advancing but also being applied to many sectors.

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Cloud and Mobile Solutions

Cloud and Mobile Solutions

Procurement organisations at best-in-class enterprises worldwide are increasingly turning to cloud and mobile solutions to streamline and automate the

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Coding and Classification

Coding and Classification

Coding and classification elements can help achieve maximum operational effectiveness and efficiency

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Digitalisation

Digitalisation

Digitalisation references the tools and operating systems that can be leveraged by organisations to reduce operational tasks within an organisation.

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eSourcing / eProcurement

eSourcing / eProcurement

E-Sourcing relates to the electronic procurement of products or services via the internet

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Industry 4.0 for Procurement

Industry 4.0 for Procurement

There have been three significant industrial revolutions - could we be in the midst of a fourth industrial revolution?

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MRP/CRP Systems

MRP/CRP Systems

Material Requirements Planning (MRP) is a production planning and inventory control system used to manage manufacturing processes.

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Application of Technology

Application of Technology

E-Procurement systems can be utilised in the Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) process

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