How can companies effectively integrate emerging technologies into their SCM ?
Brian Gerritsen These technologies – whether it ’ s generative AI ( Gen AI ) or traditional AI , machine learning ( ML ), data analytics , automation or robotics – have arrived . Our proprietary research suggests many manufacturers have adopted them and they ’ re looking to invest more over time . And that ’ s good news because they ’ re going to be gaining operational efficiencies and better insights , not only into their own business but into the supply chain as well . As businesses start to explore the benefits , they ’ re going to be able to reduce costs and have more control over their upstream and downstream activities .
When you think about the global supply chain , your raw materials and components are coming from all over the world ; you ’ re manufacturing a final product ; and then you ’ re shipping it back out into the world . But the data points you have come in different shapes and sizes , different languages , different currencies . That ’ s where AI and ML can really help a business get some insights into aggregating and finding some of those optimisation points among a slew of ones and zeros , which is really exciting .
166 October 2024