Traditional systems can be time-consuming and error-prone. Low-code platforms automate tasks using APIs and pre-packaged integrations, reducing development time and allowing companies to adapt quickly.
Fremont, CA: Advanced technologies are revolutionizing the supply chain industry, enhancing efficiency, reducing errors, and enhancing transparency. Organizations must adopt AI, distributed ledgers, low-code platforms, fleet electrification, manage digital architecture migration, and focus on data mining for a more agile supply chain.
Trend 1: Generative AI in Operations
Generative AI (GenAI) is a subset of AI that has the potential to revolutionize supply chain management, logistics, and procurement. It can process larger data sets, analyze complex variables, and learn about a company's supply chain ecosystem. GenAI can ensure procurement compliance, streamline manufacturing workflows, and enable virtual logistics communication. However, it's an enterprise-wide consideration, and core business processes should be strategically rethought and redesigned to effectively leverage GenAI.
Trend 2: AI-Enabled No-Touch / Low-Touch Planning
The growing focus on resilience and ESG, coupled with expanding sites and partners, has strained supply chain planning. AI-enabled sales, operational planning, and integrated business planning applications can bridge the gap between planning and execution, enabling low-touch planning, improved predictability, enhanced gross margins, and freed resources for value-adding activities.
Trend 3: The Critical Role of Data
Due to digital technologies, IoT devices, and tracking systems, supply chain management faces challenges, leading to data fragmentation and duplication. Data availability, quality, cadence, and consistency are critical to improve operations. A solution is adopting a use case-driven approach to address data quality issues, prioritize improvements, and refine datasets.
Trend 4: Transparency and Visibility Beyond Tier 1 And 2
The lack of visibility in a supply chain's layered tiers affects industries, regulatory compliance, and risk identification. Breaking this barrier allows organizations to analyze their extended supply chain, identify new risks, and drive ESG goals. When implemented at scale, technology tools like control towers and digital twins can reveal sub-tier supplier relationships, highlight common suppliers, and improve supply chain resilience.
Trend 5: Low-Code Platforms
Supply chain management involves provisioning, raw material supply, warehousing, and product distribution. Traditional systems can be time-consuming and error-prone. Low-code platforms automate tasks using APIs and pre-packaged integrations, reducing development time and allowing companies to adapt quickly. These platforms are used in planning, manufacturing, product life cycle, supply chain collaboration, and track and trace, transforming organizational operations.
