The Supply Chain of the Future
Supply Chain 4.0 – The Digital Era
There is a revolution taking place. Enabled by leveraging technologies and concepts from Industry 4.0, the 4th Industrial revolution. Within the supply chain we call this Supply Chain 4.0.
There are 9 building blocks to Supply Chain 4.0:
Where revolution is really taking place within the supply chain is how these combine. For example, a warehouse my use augmented reality vision picking, where operators use “google glasses” type technology to see and read bar codes, they may be supported by autonomous automated trolleys that follow them around, big data analytics is used to improve and predict the operations. All combining to revolutionise environment.
So, understand those building blocks and start building Supply Chain 4.0 systems that improve value for customers and drive down you costs.
There are 9 building blocks to Supply Chain 4.0:
- System Integration
- Big Data and Analytics
- Simulation and Virtualization
- Internet of Things (IoT)
- The Cloud
- Cybersecurity
- Autonomous Systems
- Augmented Reality
- Additive Manufacturing or 3D printing
Where revolution is really taking place within the supply chain is how these combine. For example, a warehouse my use augmented reality vision picking, where operators use “google glasses” type technology to see and read bar codes, they may be supported by autonomous automated trolleys that follow them around, big data analytics is used to improve and predict the operations. All combining to revolutionise environment.
So, understand those building blocks and start building Supply Chain 4.0 systems that improve value for customers and drive down you costs.
Discussion Points:
1. Which of these knowledge insights are challenging and inspiring to you?
2. Which learnings from the past discussed in this action insight have future implications?
3. What action could be taken from utilising this knowledge by you personally or by an organisation to create value?
