SSC is a knowledge sharing and networking platform for Supply Chain Professionals across industries and the globe. To expand to further, SSC invites passionate Supply Chain Enthusizasts as Volunteers to join Team SSC!!!
Coco-Cola has evolved and still managed to secure most popular beverage in the world. The secreat behind the success of this product is an examplary Supply Chain management as well as adopting new emerging technologies.
"The world is globalized village and everyone is connected" is still relevant but this made China a Manufacturing hub for the world. But, in 2020 this is no more the scenario and nations as well as organizations are thinking to go for local sourcing rather than being heavily dependent on global supply chain.
As Digital transformation in procurement sweeps across the globe, not limited to fortune 500 companies, most of the small and medium organizations are looking to use technology to improve the process efficiency and reduce cost across business units. Procure to Pay is nowhere an exception in the transformation.
To make wise purchasing decisions, improve the transparency and manage the maverick spend are some greater potential of Digital software. Procure to pay has a huge impact in the organization, as it develop building trust and improved communication with our key suppliers.
It’s really important to transform digitally, but at the same it’s imperative to know how and what to do while we transform, as it direct connect with organization vision and cost.
This article will outline the challenges, pitfall, and some best practices when we step ahead for Digital transformation of Procure to pay system.
Blockchain is the revolutionary technology which empowered Bitcoin very successfully and with its unique features like security, reliability, automation, decetralized, temper-proof and highly customizabiliity, it can be successfully implemented for Supply Chain Industry as well.
Going Digital is inevitable is the mantra of 2020 and a lot of progress has already been there in this area with the rise of Artificial Intelligence, IoT, Industry 4.0, and Machine Learning in this decade. Further, Covid-19 has propelled this change due to a new normal of remote working and work from home strategies. However, all these technologies have some limitations as they can do repetitive and complex tasks with present logic and data. But, human intervention is needed for the events where present logic and data is not available. This is where Augmented Intelligence comes into the picture.
Natural resources are renewable energy and available in abundance on the mother earth. After facing a lot of environmental issues, mankind has understood the importance of harnessing or using natural resources instead of fossil fuels which be finished sooner or later as well as creating a harmful impact on the environment. Looking to this phenomena SSC has started an initiative with a new series of articles on "Harnessing Natural Resources in Industrial Steel Building (PEB)" and we are pleased to present our first article on the usage of Wind Energy in designing of Industrial Steel Buildings.
In this pandemic when everyone is talking about Supply Chain, we must remember the 5th P of Marketing - Packaging. It is the most important part for any value chain and the focus on total packaging management helps to manage operations efficiently and effectively. Lets have a look.
Big Data Analytics is a buzzword in this technologically advanced world, where we are collecting big chunk of data and there is lot of application in supply chain. However, this post is about how we can use it for social good like urban planning, public health, energy management, agriculture, Education, Environmental Protection etc.