May 17, 2020

Automation, robots and A.I: The rise of the supply chain machines

Automation
Supply Chain
Artificial intelligence
supply chain optimisation
Admin
3 min
Automation, robots and A.I: The rise of the supply chain machines
Complex global supply chains are increasingly relying on automation, robots and A.I. to reduce waste, lower cost, and, most importantly, boost innovatio...

Complex global supply chains are increasingly relying on automation, robots and A.I. to reduce waste, lower cost, and, most importantly, boost innovation

Not a day goes by without a headline about Uber’s autonomous vehicles or players in the shipping and logistics space like DHL or Clearpath announcing drones and warehouse robots. These modern marvels along with new information technologies such as artificial intelligence (AI) and the Internet of Things (IoT) are steadily transforming global supply chains. They’re producing streams of real-time data and insights that will reface how supply chains are designed and managed.

While these supply chain robots aren’t really here to put humans out of work, in addition to the step change improvement in supply chain operations and management, they’ll also help to reduce much of drudgery that humans encounter from manual, monotonous processing.

The automation changeover is already evident across most industries. The world now includes 1.1 million working robots. About 80% of the work in manufacturing a car is allocated to robots. As robotics and the aforementioned emerging tech become commonplace, supply chain executives will no longer be solely concerned with the traditional ERP upgrade or supplier master data review, but will need to increasingly spend more time figuring out how to handle the brave new world of exponential data. Think of it as the data supply chain itself growing exponentially.

Progressive leaders who are able to quickly utilize new technology will see transformative results. If you look at AI and machine learning for instance, they really shine when you have a lot of data from many different domains. It would take a long time for a person to make sense of all of that data and bring it into a consistent form before it can be analysed. Machine learning algorithms can help supply chain operations by finding patterns or anomalies in order and other procurement data to better forecast sales predictions. By combining machine learning and data from sensors across supply chains, the resultant insights can improve sourcing, production, logistics, supplier information management, direct materials, product development, and even marketing. Platforms and networks can connect all of this data with business processes to drive efficiency and new offerings and business models.

Creating this new supply chain reality comes at cost. More robust IoT security, interoperability, and more universal interfaces to the cloud will be needed. Information needs to be stored in a way so that third parties can process it. Nobody is able to crack the Big Data challenge on their own.

Nonetheless, the impact of these emerging technologies on procurement and the supply chain is both revolutionary and redefining. According to the WEF, by 2022, 1 trillion sensors will be connected to the internet, unleashing a torrent of data. Internet of things will give supply chain professionals even greater visibility and accuracy to pinpoint potential issues throughout supply chain processes.

Leaders in supply chain, sourcing and procurement should prepare their processes and infrastructure to embrace new technology and their ability to harness more data than ever before. By using technology such as machine learning, A.I. and IoT to improve supply chain transparency, leaders in the back office are able to drive product excellence, accelerate time to market, and develop new products and services.

The future of business belongs to companies that are able to adapt to the accelerated change in sourcing, production, and distribution that we are witnessing today and those that are able to really take advantage of these new sources of information.

By Vishal Patel, Director, Solutions Marketing, Tradeshift

 

Supply Chain Digital's November issue is now live. 

Follow @SupplyChainD on Twitter.

Supply Chain Digital is also on Facebook.

Share article

Jul 25, 2021

People Moves: Kuehne+Nagel, Asuccini, Algo

supplychain
Procurement
KuehneNagel
Logistics
2 min
Stay up to date on the latest supply chain executive moves and promotions, including Kuehne+Nagel, Algo, and Asuccini LLC

Peer Gjeow Rasmussen

Kuehne+Nagel


Was: Managing Director, Kuehne+Nagel India
Now: Managing Director, Kuehne+Nagel Singapore and Malaysia 

Skilled in freight forwarding, logistics management, and international logistics, Peer Gjeow Rasmussen has worked for almost two decades to make Kuehne+Nagel a global leader in supply chain. With experience in Thailand, China, Denmark, the USA, and India, Rasmussen is poised to excel in the company’s diverse Singapore and Malaysia divisions. Said Jens Drewes, President of Kuehne+Nagel Asia-Pacific: "Peer’s proven leadership will ensure continued strategic growth and success." 

 

Heidi Turk

Algo


Was: SVP Supply Chain, NBC Universal
Now: Chief Customer Success Officer, Algo


Heidi Turk has been named Chief Customer Success Officer at Algo, a leading supply chain intelligence SaaS solutions provider. Prior to joining Algo, Turk spent the 23 years with NBC Universal, most recently as SVP Supply Chain.

Amjad Hussain, Chairman, founder and CEO, said: “Heidi’s deep knowledge of hard-goods manufacturing, distribution and retail channel operations will take Algo's white-glove, customer-centric service and support to the next level."


Jim Vrtis

Asuccini 


Now: Vice Chairman, Board of Directors, Asuccini

Jim Vrtis has been elected to the board of directors at Asuccini LLC, the leading international logistics transportation management software company. Vrtis will join as the Vice Chairman, and continue his role as CEO at Artemis ABA Inc. 

Vrtis has more than 20 years of industry experience working in transportation and logistics. Ashkan Shamili, Founder & CEO, said: “With the addition of Jim to our Board, we are committed to providing our customers with an innovative customised transportation management system built in the Salesforce cloud and tailored to the way our customers run their business.”

Share article