{"id":11538,"date":"2021-05-09T10:06:00","date_gmt":"2021-05-09T10:06:00","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=11538"},"modified":"2023-05-08T07:48:34","modified_gmt":"2023-05-08T07:48:34","slug":"supply-chain-management","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/supply-chain-management\/","title":{"rendered":"How Is Technology Reshaping Supply Chain Management?"},"content":{"rendered":"\n<p>Technology-driven disruption is transforming supply chain management from top to bottom.<\/p>\n\n\n\n<p>While change can be challenging and many may be hesitant to adopt new business processes, there are clear benefits to digital transformation in the supply chain.<\/p>\n\n\n\n<p>For example:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In a survey by <a href=\"https:\/\/www2.deloitte.com\/us\/dna\">Deloitte<\/a>, 76% of respondents from a variety of industries said developing digital and analytics capabilities was most important\/very important to delivering the overall supply chain strategy<\/li><li>Top digital adopters in a survey by <a href=\"https:\/\/www.pwc.com\/gx\/en\/industries\/industrial-manufacturing\/digital-supply-chain.html\">PwC<\/a> saw technology-powered improvements such as increased revenues, decreased costs, more reliable delivery, and reduced inventories<\/li><li><a href=\"https:\/\/www.mckinsey.com\/industries\/travel-logistics-and-infrastructure\/our-insights\/automation-in-logistics-big-opportunity-bigger-uncertainty\">McKinsey<\/a> predicts that by 2030, an entirely new logistics paradigm could unfold, powered by emerging technologies such as 3D printing, robots, analytics, and more<\/li><\/ul>\n\n\n\n<p>Like many other business functions, technology will radically transform supply chain management. Below, we\u2019ll explore a few trends to watch in the months and years to come.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How technology is changing supply chain management<\/strong><\/h2>\n\n\n\n<p>Here are a few instances that demonstrate how both digital and physical technologies are affecting <a href=\"https:\/\/change.walkme.com\/supplier-management\/?t=21&amp;camp=walkme-blog\">supplier management<\/a> and even the very structure of the supply chain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The blockchain offers end-to-end supply chain visibility<\/strong><\/h3>\n\n\n\n<p>Blockchain technology can increase supply chain transparency, resiliency, and efficiency, by ensuring that data is trusted and secure.<\/p>\n\n\n\n<p>According to <a href=\"https:\/\/www.ibm.com\/blockchain\/industries\/supply-chain\">IBM<\/a>, many problems with supply chain data can be traced back to human error and inefficiency.&nbsp;<\/p>\n\n\n\n<p>In one of their surveys, more than 70% of supply chain leaders reported significant improvements in data \u201cquality, integrity, visibility, and speed\u201d when human intervention was removed.<\/p>\n\n\n\n<p>By providing a single, real-time source of truth, blockchain\u2014or distributed ledger technology\u2014removes unnecessary complexity, while offering reliable insights across the entire supply chain.<\/p>\n\n\n\n<p>Those enhanced insights can then offer significant improvements throughout the entire supply network, from greater <a href=\"https:\/\/www.walkme.com\/blog\/business-resiliency\/\">resiliency<\/a> to improved performance to shifted expectations among vendors, partners, and customers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Automation can cut costs in freight shipping, logistics, and delivery<\/strong><\/h3>\n\n\n\n<p>While Amazon has certainly made headlines with its impending adoption of drone delivery, this retail giant isn\u2019t the only company leveraging new technology to streamline its delivery services.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.forbes.com\/sites\/bernardmarr\/2018\/06\/15\/the-brilliant-ways-ups-uses-artificial-intelligence-machine-learning-and-big-data\/\">UPS<\/a> has adopted a number of AI-powered solutions designed to enhance the customer experience, reduce delivery costs, and more.<\/p>\n\n\n\n<p>A few of their methods include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>ORION, a proprietary route optimization tool, that is expected to slash over 100 million delivery miles<\/li><li>EDGE, an internal logistics and operations platform, that uses real-time data to help employees make more informed decisions<\/li><li><a href=\"https:\/\/about.ups.com\/us\/en\/newsroom\/press-releases\/innovation-driven\/ups-flight-forward-cvs-to-launch-residential-drone-delivery-service-in-florida-retirement-community-to-assist-in-coronavirus-response.html#:~:text=N)%20today%20said%20UPS%20subsidiary,use%20Matternet's%20M2%20drone%20system.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Testing drone delivery<\/a> in their own bid to keep up with Amazon\u2019s ambitious plans<\/li><\/ul>\n\n\n\n<p>UPS is only one example among many companies that are automating and digitizing their supply chains.&nbsp;<\/p>\n\n\n\n<p>In the near future, we can expect to see more automation across every point in the supply chain, from <a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/manufacturing\/articles\/autonomous-robots-supply-chain-innovation.html\">robots<\/a> to <a href=\"https:\/\/www.supplychaindive.com\/news\/autonomous-workboat-navigates-by-cloud-data-in-the-port-of-antwerp\/529998\/\">autonomous ships<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Supply chain management software upgrades workforce productivity<\/strong><\/h3>\n\n\n\n<p>As workplaces become more digital and integrated, new software solutions are necessarily replacing old ones.<\/p>\n\n\n\n<p>Supply chain platforms such as <a href=\"https:\/\/www.oracle.com\/scm\/\">Oracle Fusion Cloud SCM<\/a>, <a href=\"https:\/\/requis.com\/\">Requis<\/a>, <a href=\"https:\/\/www.suuchi.com\/\">Suuchi<\/a>, and <a href=\"https:\/\/www.sap.com\/products\/supply-chain-management.html\">SAP\u2019s supply chain management software<\/a>\u2014among many others\u2014are designed to provide comprehensive solutions for today\u2019s digital-first supply chain.<\/p>\n\n\n\n<p>Features of these platforms naturally vary from vendor to vendor, and each has its target audience and set of use cases.<\/p>\n\n\n\n<p>Some features of these platforms include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Dashboards that combine supply chain managers\u2019 most-performed tasks into a single location<\/li><li>Project management, communication, and collaboration tools<\/li><li>Real-time data, analytics, and reporting<\/li><li>Transportation management<\/li><li>Dynamic inventory allocation and management<\/li><\/ul>\n\n\n\n<p>The most advanced of these platforms are designed with digital innovation in mind and are ready to integrate emerging technology, such as AI and the Internet of Things (IoT).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Emerging technology will enable autonomous supply chains<\/strong><\/h3>\n\n\n\n<p>When we look at trends such as <a href=\"https:\/\/www.mckinsey.com\/business-functions\/operations\/our-insights\/launching-the-journey-to-autonomous-supply-chain-planning\">autonomous supply chain planning<\/a> and <a href=\"https:\/\/www.msn.com\/en-us\/money\/smallbusiness\/is-the-future-of-manufacturing-automated-or-autonomous\/ar-BB1faOou\">autonomous manufacturing<\/a>, it\u2019s easy to understand why some professionals use the term \u201cautonomous supply chains.\u201d<\/p>\n\n\n\n<p>After all, nearly every stage in the supply chain is primed for automation.<\/p>\n\n\n\n<p>Autonomy will influence supply chains in the following ways:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/prepare-for-the-impact-of-ai-on-procurement\/\">AI in procurement<\/a> will increasingly augment tasks currently performed by humans, including decision-making tasks that are currently relegated to humans, such as spend analysis, supplier assessments, and compliance<\/li><li>Year by year, 3D printing and robotics are increasingly automating manufacturing, increasing efficiency and decreasing production timelines<\/li><li>As we saw above, <a href=\"https:\/\/www.walkme.com\/glossary\/automation-platform\/?t=21&amp;camp=walkme-blog\">automation<\/a> also means that fewer humans will be needed to carry out technical and manual operations in freight forwarding, logistics, and delivery, which will likely result in a leaner workforce<\/li><li>Autonomous supply networks will be more reliable, less prone to error, more cost-efficient, and more sustainable, among other things<\/li><\/ul>\n\n\n\n<p>While humans will always remain in the supply chain loop to a certain extent, we can certainly expect to see more and more digital autonomy in the years ahead.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Final thoughts<\/strong><\/h2>\n\n\n\n<p>The trends covered above carry many implications for supply chain management, business leaders, and employees.<\/p>\n\n\n\n<p>To ensure employees remain productive and relevant in driving digital transformations forward, upskilling and <a href=\"https:\/\/www.walkme.com\/blog\/cross-training-employees\/\">cross-training employees<\/a> will be mandatory. This is only one of many reasons why <a href=\"https:\/\/www.walkme.com\/digital-adoption-platform\/?t=21&amp;camp=walkme-blog\">digital adoption<\/a> and in-house training programs have begun to grow so rapidly in recent years.<\/p>\n\n\n\n<p>While automation is one of the primary concerns for many workers, this shift is only the tip of the iceberg.<\/p>\n\n\n\n<p>Digital transformation in the supply chain promises to influence customer expectations, product development and distribution, supply chain resilience, and much, much more.<\/p>\n\n\n\n<a href=\"javascript:;\" class=\"popup-threefields m-element-hidden j-initiator j-paid_post_feature\" id=\"imgpng\" form-type-id=\"imgpng\"><img decoding=\"async\" class=\"initiator-image\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/04\/Data-integrity-A_16643bf1.png\"\/><\/a>\n","protected":false},"excerpt":{"rendered":"Technology-driven disruption is transforming supply chain management from top to bottom. While change can be challenging and many may be<span class=\"moretag\">&#8230;<\/span>","protected":false},"author":246,"featured_media":11539,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"mobile_image_id":0,"tablet_image_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89],"tags":[201,583,110,582],"class_list":["post-11538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-transformation","tag-digital-adoption","tag-digital-innovation","tag-digital-transformation","tag-supply-chain-management"],"acf":{"__coauthors":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Is Technology Reshaping Supply Chain Management? - WalkMe Blog<\/title>\n<meta name=\"description\" content=\"Many may be hesitant to adopt new business processes, but there are clear benefits to digital transformation in the supply chain. 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