Impact of Technology
Technology is at the heart of all the business. Making use of the right technology can be a game-changer for your business, especially when it is applied to logistics. Using proper technology can increase productivity and help you grow your business on a scale you haven’t dared imagine.
In this market where the fittest survives, you need every edge you can get. Only if you keep on top of the game will you be able to survive here. Take a look at how some of the trending technologies are reshaping the supply chain for the better.
Must Read: How Technology Can Help Your Business Grow
Cloud-based applications bring many advantages to the table. They offer transparency, real-time accuracy, immense storage, and security. Cloud-based TMS software can make delivery fleet management a breeze. Adding such applications to your supply chain management systems can help you remove errors, speed up tasks, and automate repetitive tasks. This will reduce the number of fixed assets that you own as this one software can take care of a lot of stuff for you.
Also, such applications store everything in the cloud thus removing the tasking job of storing everything in paper. Cloud storage also offers the convenience that all the data you need is just a few clicks away, stored safely and efficiently for you to access whenever you need it. It will also enhance customer satisfaction as they will be able to track the progress of their orders, automate login/logout, and do so much more with ease. Cloud-based solutions like chatbots also make customer service easier and powerful.
RFID has replaced barcodes which has made a significant impact on how supply chains are managed. This technology takes care of even the minute specifics crucial for warehousing and stocking of goods. It will help you make sure that all the products are stored in optimum conditions and ensure that machine breakdowns will not occur. RFID also helps you keep track of completion of every step of the production process in real-time. You will be notified in case of any errors or breakdowns.
With real-time tracking of processes, supervisors will also be able to find any bottlenecks in advance and come with solutions to tackle them. People can directly use RFIDs to scan, count, and register products in the company’s system simultaneously. This will minimize the need for unwanted manual labor. RFID can also be used to track the maintenance status of machinery, thus preventing unprecedented breakdowns. Thus, RFID technology has made a major impact on business logistics.
Industry 4.0 is one of the emerging technology that has the capacity to reshape the whole automotive industry. Industry 4.0 is based on the connection between devices and people. Devices are connected to each other and human interfaces thus providing managers with real-time information through various sensors. Managers can access this data at any time with ease. You need only a few clicks to check a variety of different things.
This technology hasn’t touched every manufacturer yet and cannot be called as ‘trending’ at the moment. But if manufacturers keep adopting this technology to their supply chain management systems, it will make a major impact on how businesses are run. More and more manufacturers are trying out this technology as we speak.
New technology keeps emerging every single day. They are certainly beneficial in many ways too. By keeping a lookout for the technologies that can benefit your business and adopting them into your supply chain systems, you will find yourself revolutionizing your business like never before.