Technology in the supply chain

The advancement has opened the way for businesses to thrive through transportation and logistics sectors. Communication Advancement of technology in supply chain management has encouraged tighter communication. Various companies have been able to have a more frequent and smooth contact that makes business connection and operation more comfortable. Besides, mobile technologies and real-time communication have created a greater sense of development and unity for manager and coordinators in the various supply chain. The heads of department in the organization are always on the move to fix business activities in the organization. The action enhances higher client satisfaction in the process of the supply chain. Employees need to be connected through multiple stages in the supply chain. It helps the workers to fill more fulfilled and the operations of the company are likely to run more efficiently (Imm et al.

Automation According to Patterson, 2015), problems that are related to supply chain cost the company between 10-20 percent of their values within seven months. Some of the difficulties include part shortages and reduced utilization of plant capacity. The invention is associated with several benefits that help to increase the productivity of the company. For instance, the utilization of the models helps to reduce manual efforts by workers. Automation helps in improving efficiency and accuracy in various business operations. The adoption of the right tools and resources in business helps the company significantly to cut down high costs of operation Based on the study that was conducted by the Information Service Group noted that utilization of robotics in supply chain automation results to a 45% reduction in resources fo0r order to order.

Some of the positively impacted sectors include billing, pricing, collections, and credit. The companies will be able to save on time and reinvest in certain areas to improve the value to stakeholders. Artificial intelligence will promote an end to end supply chain and real-time data analytics. The strategy helps the company in boosting visibility in demand. The companies will be able to focus on reducing operation cost and increasing sales (Swanson et al.  Analytics Interpretation and discovery of meaningful data patterns are entailed in analytics. The complexity of the supply chain used to supply any event will be affected by the volume required by the customers who are anxiously waiting to be served on time. Therefore, we can conclude that analytics have come in hand with supporting significant events.

Analytics have assisted in avoiding excursions which mostly happens when supplies start to supply before launch. Analytics have promoted smart reverse logistics hence benefiting the supply chain. First-hand models which analyze data for effective routing decision have also been boosted.   The use of cloud services in the supply chain allows the management to redirect some of the system managing team to other internal company needs. Besides, it aids in ground research to find new product outlets without any obligation to hire new employees. Cloud-based technology has brought easy accessibility to the company’s information. In most cases, earlier, employees were to be on-site to Access Company’s news. With cloud-based technology, the employees can access the company’s data from any geographic location provided that they can access the internet.