Is Automation the Future of the Supply Chain?
In a recent Manufacturing Skills Standard Council () meeting, they announced a new, industry-led certification to provide companies with higher skilled technicians. "Certified Technician in Supply Chain Automation" (CT-SCA) will be a hands-on training and certification program, launched off the back of COVID-19.”
COVID-19 proved that the retail economy is becoming more e-commerce based, meaning orders shipped directly to consumers from large distribution centres have increased. This effect has encouraged the e-commerce industry to invest in automation technologies. Supply chain technologies are becoming more prominent in business processes and it seems that automation alongside machine learning and artificial intelligence are the future of Industry 4.0.
In a May 2020 Visual Capitalist , it shows that 55% of retail, management and logistics professionals are investing in warehouse automation and 47% in predictive analytics. It is expected that most companies are looking at implementing automation in the future but 23% have already acquired new automation technology, yet surprisingly 26% aren’t looking to implement.
In a report, it showed that 30% of operational warehouse workers will be supplemented, not replaced, by collaborative robots in 2023. This shows how essential the implementation of technology is and will be in the future, especially now COVID-19 has proven to be a catalyst in technology adoption.
The recent pandemic has thrown many challenges into the procurement and supply chain sector and proved that technology would be essential for successfully implementing social distance and risk mitigation in warehousing and distribution. AI-based automation within warehouses is extensive. The opportunities for implementing such technologies is becoming readily available, from mechanical arms that can sort and handle cargo to intelligent software capable of calculating daily stock rotations.
has launched a new supply chain payment automation platform for large distributors and their suppliers. The platform allows businesses to automate and extend their day payables by using commercial cards. It is a cloud-based platform that has features including multiple payment modes, automating invoicing,e-procure and e-discounting.
It believes businesses require working capital for growth and therefore, PayMate’s platform simplifies the process and makes it easy to access capital, offering over £325mn in credit extended to SME’s (small and medium sized enterprises).
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.