The digital revolution has left no industry untouched, and the supply chain is no exception. In recent years, traditional physical processes have given way to efficient digital workflows, thanks to the power of digitalization. This transformation has been made possible by adopting cutting-edge technologies such as Enterprise Resource Planning (ERP) systems, harnessing the Internet of Things (IoT), and leveraging cloud infrastructure. These advancements have completely reshaped the supply chain landscape by enabling comprehensive data collection and analysis. In this blog post, we will explore the significant changes brought about by digitalization and the various methods of data collection that have revolutionized supply chain operations.
Automation with ERPs, TMS, WMS
At the forefront of supply chain automation are Enterprise Resource Planning (ERP) systems. These robust platforms have played a pivotal role in streamlining various processes, including invoicing, purchasing, and payments. By automating these tasks, ERPs ensure that valuable data is readily available from all stages of the supply chain. This wealth of information empowers businesses to make informed decisions based on real-time insights. Furthermore, Transport Management Systems (TMS) and Warehouse Management Systems (WMS) digitize transportation and warehouse processes, respectively, enhancing efficiency and visibility across the supply chain.
Utilizing IoT for Real-Time Data
Gone are the days of relying solely on historical data. The advent of the Internet of Things (IoT) technology has ushered in an era of real-time data collection. In the past, data capture software lacked the ability to collect real-time information at specific locations. However, IoT has changed the game by enabling businesses to capture location-specific data as events unfold. This real-time data, coupled with the power of cloud computing, allows companies to make informed decisions promptly. For example, integrating GPS technology into supply chain operations enables businesses to optimize last-mile deliveries based on real-time traffic conditions. Additionally, technologies like RFID tags, barcodes, and IoT sensors enhance tracking, monitoring, and overall visibility throughout the supply chain.