In the last several years, supply chain professionals have been discussing the potential for building a digitally connected supply chain. Many were promoting meetings between procurement, manufacturing, and project managers with the focus on intensive collaboration. The intent being to get to the core needs of all parties which could result in the implementation of a digitally connected supply chain.
Fast forward to the new year, and the technology is here. Advances in sensor and battery technologies, wireless networks, and analytics software are helping companies get real-time information about where their goods are, when they’re going to arrive, and what condition they’ll be in. And that’s the start to building a digital supply chain network.
So the question is, what are we going to do with all the information? The question is important, because all this data needs to produce actionable information. However, in a survey by trade associations for materials handling, logistics, and supply chain industries, many companies said they are at a loss for how and why to use all of this technology.
What will justify equipping your fleet with connected industrial sensors? What is the return on your investment in technology that tracks assets and inventory in real-time? Will these tools generate gigabytes of data that sit in the cloud untouched?
DrContract Consulting can help your business make sense of the data to improve your bottom line.