Radio Frequency Identification (RFID) is a technology that is consistently receives attention in supply chain news. It is no secret that RFID is a highly useful tool that many companies rely on. Businesses continue to implement it in a variety of ways into their systems on an ongoing basis. But despite the buzz, is it […]
Technology
Data Integrity’s Impact on Supply Chain
Data integrity is a vital part of supply chain management. Forecasting uses data to improve your ability to estimate future sales, reduce shortages and overstock, etc. However, bad data will impact the accuracy of your forecasting. If the input is off, the output will be as well. It is estimated that data integrity costs British businesses about £1.2 billion […]
3 Ways AI Will Benefit Supply Chain
Artificial intelligence, or AI, could be the next big industry-changing technology for supply chain. In recent years, market leaders like Google and Apple have mass acquired AI startups. But, this is only the beginning for this disruptive technology. In this post, we’ll talk about 3 ways AI will benefit supply chain. What is artificial intelligence? Although […]
4 Ways Blockchain Will Revolutionize Supply Chain
What is blockchain? Talk about this technology has been all over the internet lately, but what does it mean? A blockchain is a database of transactions that holds records (blocks). These linked blocks are secured using cryptography. The data in these transactions cannot be changed or deleted, which results in a permanent trail of info. Here’s how blockchain can […]
Send in the Drones: Emerging Technology and Inventory Management
Through the years, robots and automation have instilled fear in humans. Especially the fear of replacing human workers. However, robots are proving invaluable in making business more profitable and efficient. The term ‘robot’ finds its origins in Karel Čapek’s 1921 play R.U.R. (which translates to Rossum’s Universal Robots). Although these automated figures took over aspects of […]
Supply Chain Security and the Impact of Technology
The integration of technology in supply chain management has greatly changed supply chain nature. This has an impact on how companies conduct themselves and their business with efficiency. The impact of technology on the supply chain has been a greatly positive influence. However, the rapid technological innovation has left companies vulnerable to attack. As a result, this […]
