How supply chains are becoming increasingly digitised!

by Rutuja shah Digital Marketing

Initially, supply chain management focused on delivering goods to customers following the procedure that encompasses procurement, logistics, warehousing and dispatch. But due to advancement in technology and particularly in IT, a lot more can be offered to the customers these days. This is the perfect time for the logistics industry to collaborate with the supply chains.

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Technology has greatly benefited supply chain management. Be it Real-time system integration, secure data exchange, traceability or visibility. These are some of the advantages that the manufacturers and logistics company has achieved.

Advancements like Augmented Reality, Artificial Intelligence, Data Analytics, Internet of Things, cloud integration and many such things are making revolutionary changes in the supply chains.

Internet of Things(IoT):

The most primary concern of an E-commerce business is logistics. E-commerce logistics uses RFID and GPS tracking majorly. Thus, it gives better flexibility in customising delivery schedules. IoT ensures efficiency by smartly connecting people, processes, data and machines through devices and sensors. Being able to transmit information on the whereabouts of the particular piece of a shipment in a chain in the real-time is makes things highly convenient. Right from the manufacturer’s table, to the retailer’s table there is a clear visibility because of availability of IoT.

Augmented Reality(AR):

With the availability of Augmented Reality, there has been a great impact on the way the goods and services are delivered. AR has brought an efficiency in the way the operation of picking up and put-away activities in warehouses. AR speeds up the entire process of picking and reduces manual error as the AR that is equipped in the warehouse has all the information stored.

Data Analytics:

Big data along with Artificial Intelligence helps in mining data that is essential for the supply chain. AI and other technologies can help in making the supply chains smarter and also, reduces the losses as the unnecessary inventories are not stored.

The possibilities and improvements in the logistics companies across the globe have been immense due to the era of technology. Reduced asset losses, increased agility and clearer communication and tracking have made logistics companies very reliable.