Keeping up with what the new trends are in the fast paced business world is difficult. You are focused on running your business. But, if you don’t look forward and plan for tomorrow, your competitors will pass you by. Take time out to find the best new technologies which will put your distribution company on the leading edge instead of trying to play catch up later.
One of the Logistics Management editors reviewed the 2015 MHI Annual Industry Report in this article, and listed eight key technologies as the “drivers of next generation supply chains”.
- Inventory and network optimization tools
- Sensors and automatic identification
- Cloud computing
- Robotics and automation
- Predictive analytics
- Wearable and mobile technology
- 3D printing
- Driverless vehicles/drones
Of these, predictive analytics for e-commerce buying was called out as the technology which could have the most impact on meeting customer requirements and expectations.
Supply chain professionals and distribution companies will need this technology operational to support the customer driven requirements for faster, better service and pricing pressures.
Leaders in the industry anticipate these issues to be extremely challenging. They recommend ‘just getting started’ with some of these technologies at the ‘right level of cost and complexity’ for your business.
Socius technology teams can assist your company with implementing more than half of these technologies. They can advise you on the best path to adoption of cloud computing, mobile technology, network optimization tools and the top item – predictive analytics.
Review your basic processes for where improvements are needed, then add some of these technologies to create additional automation and optimization. Predictive analytics can use your data to determine optimum inventory stock levels in anticipation of events and orders. It will also help you cut costs by reducing stale inventory.
Your Enterprise Resource Planning system has the data, let Socius help you develop the predictive analytics which will put your business at the front of the technology change wave. Give us a call today at 800.589.6614.