CIPS: future technology in supply chain & 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,” stated CIPS.
When it comes to those that are striving to drive industry 4.0 in their operations, any strategy “must begin with an understanding of their current level of maturity in their specific content or supply network,” commented CIPS.
However immediate challenges and barriers for organisations include:
Industry 4.0: what it means 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,” defined CIPS.
The advanced technologies harnessed in Industry 4.0 is set to restructure the entire production system by transforming analogue and centralised workflows in ones that are digital and decentralised.
CIPS expected such advancements to drive huge improvements in relation to flexibility, efficiency and the automation of distribution, as well as eliminate unnecessary production costs; improve the transport of goods and services and business performance; increase throughput; reduce cycle times and maintain quality.
How to prepare for industry 4.0
When it comes to developing smarter and better-connected supply chain networks, CIPS emphasises that Industry 4.0 will play a vital role in providing “supply chain transparency, real-time tracking, better forecasting, critical thinking, improved judgement, a reduction of inefficiencies, and an increased automation of repetitive tasks.”
Reasons why organisations are investing in supply chain technology
With CIPS reporting that “those operating in supply chains are in a good position to reap the benefits of new technologies, with 66% already focusing on service delivery models,” the company also states that “those who invest in the big impact technologies may leap-frog their competitors over the coming decade.”
16 technologies that are expected to disrupt the supply chain industry include: cloud computing, Big Data Analytics, internet of things (IoT), smart sensors, cyber physical systems, 3D printing (additive manufacturing), machine learning, virtual reality (VR), artificial intelligence (AI), manufacturing execution system, blockchain, drones, robots, collaborative robots, augmented reality (AR), and autonomous vehicles.
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.