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The Future of the Supply Chain

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prabhakar_deosthali
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Supply Network Guru
The Future of supply chain lies in INTERNET OF THINGS
prabhakar_deosthali   11/17/2011 7:17:22 AM
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In my opinion the INTERNET OF THINGS which allows the machines, components and products to communicate is going to drastically change the way the supply chain will operate.

Using the Cloud services and the components and products with "embedded intelligence to communicate", any company's  ERP systems will be able to schedule,track, receive, deliver, find inventory, find alternate parts, find alternate sources and all that automatically with minimum manual effort.

What the supply chain in charge will have to do manually  is only set the key performance parameters like - the reorder level, share of business for a vendor, price band for a component etc.

 

Saranyatil,

Is it the same concept you are talking?

 

Jay_Bond
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Supply Network Guru
re:
Jay_Bond   11/10/2011 7:21:03 AM
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I am not surprised that the industrial market had so much growth. The fact that the automotive segment is growing quickly just goes to show how much emphasis the automakers are putting on electronics in their vehicles. These two markets are often over shadowed from the glamour markets of cell phones and consumer electronics.

mfbertozzi
User Rank
Supply Network Guru
The future and the past
mfbertozzi   11/10/2011 1:48:32 AM
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Thanks Barbara for summarizing relevant steps forward in supply chain sector and mentioning the upcoming next week webinar. I could share here some professional experiences and even supply chain is definitely moving on good results and outstanding, issues in the past as counterfeit and no compliant products are still alive. You have mentioned RoHS and it is absolutely a key factor for a successfull supply chain process, but in reality, as of today, Internet allows people to acquire (very easly) for instance via ebay several products not compliant. It should be very interesting in Webinar to receive from speakers feedback about.

saranyatil
User Rank
Supply Network Guru
Future of supply chain
saranyatil   11/10/2011 12:49:41 AM
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According to me future of supply chain will be wireless based. Every product/ machine in the near future will be exchanging data through one of wireless technologies available.

 



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