organisations and even the entire world face new challenges by the passing of
each day. To deal with these challenges, the quest for new best ways,
frameworks and paradigms becomes inevitable. In fact, anything that concerns
Man possess an unending challenge to be defeated – this truism reflects the
foundation upon which new innovations and technologies come to life.
In every micro-seconds billion
tons of goods and services based on demand and supply pass through millions of
supply chain frameworks and in the midst of unforeseen chaotic tendencies known
as disruptions, Industries around the world keep all hands on deck to curtail,
avoid or minimize the negative effect of these situations just so they could
maximize profit and keep their customers satisfied. These disruptive tendencies
therefore brings to fore the need for better frameworks, new innovations and
technological advancements to predict, reduce or bring to an end a great number
of events that could result to unwanted outcomes.
Now, ever wondered why some
organisations perform better than the other – it most times has nothing to do
with how big or small they are, it actually is the evidence of good and cutting
edge innovations at play. In a contemporary such as this where billions of
information exchange occurs in seconds and organisations who are able to use a
veritable amount of it to their advantage find themselves operating on a whole
SUPPLY CHAIN CHAOS AS ALWAYS
BEEN THE LADDER
The major concern in supply chain
management is majorly centred on the avoidance of risk – this apprehensive concerns
is what triggers the search for new innovations. More so, it is to close existing
gaps and identify new opportunities in an extremely uneven market, which is mostly
hindered by poor infrastructure and obsolete logistics systems.
An efficient supply chain is
vital for industries and organisations to supply their products and or services
to end users in need of them. As the global marketplace continues to evolve,
supply chain managers must think more innovatively and proactively to reach an equilibrium
between product flow and costs. While at it, new and more challenges spring up
and the search for improvement remains unending giving rise to new innovations.
INNOVATIONS TO PONDER ON
A great number of new innovations
exist in the world today, thinking outside the box in making the impossible achievable
is basically the work of supply chain mangers, highlighted below are few innovations
that may be considered:
Digital and Social Media Age
The internet is so large no one
even know how big it is, it is simply unquantifiable, with the advent of the internet
recent times have seen an age of digital revolution where one can convey
information from one section of the to another in seconds. Social media platforms
like the Facebook and WhatsApp that have an estimated number of 1.2 billion
monthly active users has made communication cheap and easy. With such advantage,
it makes more sense for contemporary industries and organisations to take
positive advantage of the social media supremacy to improve their supply chain framework.
It is no doubt an even playing ground for both small scale and large scale industries
to operate and keep in touch with staffs, partners and customers in real-time.
The Drone Technology
Drones are not only to spot and
eliminate terrorist targets or monitor the activities of a group of people.
Drones can now do far more for businesses and organisations in ways they
desire. Drones can take images from aerial angles, generate population data and
more importantly, deliver packages within a short period. Organisations like UNICEF, Switzerland Postal
Service and Doctors Without Borders have tested the effectiveness and
efficiency of the drone in terms of package delivery – Aside from package
delivery drones can evaluate the best route, avoiding issues like extreme
weather conditions and even restricted airspace.
As aforementioned, billions of
information are been shared every seconds around the world, supply chain
managers need the requisite skills to gather the right data and mine them based
on what want. Top industry players have started using large volumes of data
ranging from call centre logs, website visits and clicks, emails and
demographic data to their utmost advantage to build a more intelligent supply
chain and logistics framework that gets things done adequately.