One Article Review
| Source |  AlienVault Blog |
|---|---|
| Identifiant | 1212536 |
| Date de publication | 2019-07-18 13:00:00 (vue: 2019-07-18 16:00:41) |
| Titre | The future of supply chain management |
| Texte |
Image Source: Pexels
Currently, we’re in a period of growth for supply chain management. With the digital revolution bringing industry players around the globe closer together, business operations have expanded for companies big and small. As both business owners and consumers, we’re experiencing the changes every step of the way as well.
Each change brings with it a new set of challenges and benefits. This beckons in a new set of industry rules, and companies are left to learn them while keeping their operations running. If adopted and implemented poorly, this can stagger a business’s growth. That said, it’s necessary to understand these changes beforehand in order to weather them when they hit you.
The melding of physical mechanisms and digital systems
The average business owner is no stranger to physical threats to supply chain efficiency, especially if they’ve been around for a while. For instance, though it is one of the most conventional ways of moving goods, truck transportation can be very dangerous. Incidents on the road have long been problematic in the process of manufacturing and distributing products.
However, the progression of digital tools and the involvement of data has added another layer to the complex journey that brings products to consumers. For the most part, digital and databased technologies have made the supply chain system more efficient. While challenges exist, the pros outweigh the cons.
Big data insights can help entrepreneurs identify weaknesses in their supply chain, whether that be a lack of sufficient technology, staff, or organization. With this information, they can take real action to streamline the chain, enabling them to respond more flexibly to changes in the market.
Automation technology is an excellent example of advancements that can help business owners achieve greater efficiency. Companies like Amazon have already started incorporating automation into their practices. It would be wise to learn from their efficiency and apply it to your own operations.
Data security
Speaking of data, it’s important to be constantly evaluating your data security practices. A good data security plan takes specifics into mind — and with supply chains, there are a lot of seemingly minor specifics involved that could disrupt the entire flow of a business if mishandled. After all, when we talk about new technology in supply chain management, a lot of it has progressed due to the inclusion of data.
Data advancements are certainly what has brought in this new age of supply chain management, but failing to protect data can have disastrous consequences. As businesses exchange information with a variety of suppliers and vendors, new potential data security risks arise. When you factor in subcontractors and other players, it’s likely that companies aren’t even aware of all those involved in their own supply chains.
Maybe that last sentence sounds odd to you. How could companies not be aware of everyone involved in their business? With large-scale operations, however, there may not be apt time or labor to closely watch everything. Different parties who can take care of specific |
| Envoyé | Oui |
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