Supply chain technology continually evolves, driven by scientific breakthroughs and changing market dynamics. Here are some future tech trends within the African supply chain to watch out for.
1. Blockchain technology
Blockchain presents an opportunity to revolutionize supply chain management by providing a secure and transparent platform for tracking and verifying transactions. It can enhance traceability, reduce fraud, and improve trust among supply chain partners. It can also enable smart contracts and automated payments, streamlining the supply chain.
2. Predictive analytics
Predictive analytics is poised to become a more prevalent supply chain technology. By leveraging historical data, market trends, and external factors, businesses can make accurate predictions about future demand, supply chain disruptions, and optimal inventory levels. Predictive analytics can help businesses proactively identify risks and opportunities, enabling them to mitigate risks and capitalize on market trends.
3. Autonomous vehicles
The use of autonomous vehicles, such as drones and self-driving trucks, will transform logistics and transportation in the supply chain. These vehicles can navigate and deliver goods with minimal human intervention, reducing costs and improving efficiency. Autonomous vehicles can also enable faster and more flexible last-mile delivery, enhancing the overall customer experience.
4. Collaborative robots
Collaborative robots, or cobots, are designed to work collaboratively and safely with humans. These robots can assist with picking, packing, and sorting tasks, improving productivity and reducing the risk of injuries. Cobots can be easily programmed and reprogrammed, making them versatile and adaptable to changing production demands.
5. Integration of data and systems
Integrating data and systems will be crucial as supply chains become increasingly complex and interconnected. Businesses will need to break down data silos and enable seamless data exchange between various stakeholders, both internally and externally. The integration will enable end-to-end visibility, faster decision-making, and collaboration among supply chain partners.
Examples of Supply Chain Technologies across the Globe
The evolution of supply chain management has come a long way since Keith Oliver first coined that phrase in 1982. Today, every good supply chain is powered by technology, which has greatly improved businesses’ ability to meet customer demands.
Here are some examples of supply chain technology
Enterprise resource planning (ERP) systems
ERP systems are comprehensive software solutions that cover all aspects of supply chain operations and give you real-time data into the current situation of your supply chain. With ERP, you can automate and streamline processes within your supply chain.
Internet-Of-Things (IoT)
When trying to achieve supply chain visibility, there is probably no better tech solution than the Internet of Things (IoT). It links intelligent objects across the supply chain to facilitate communication and tracking of the product flow.
Warehouse management systems (WMS)
A WMS is an inventory-based software solution that helps you manage inventory levels, track shipments, and optimize warehouse operations. Your WMS allows you to make informed decisions where your inventory is concerned. This decision could impact your supply chain, such as reordering or slowing down production.
Automation and Robotics
Automation and Robots have been a part of the supply chain for a long time. You can typically find them in areas such as the warehouse and transportation to facilitate order fulfilment. They also help eliminate errors and standardize the manufacturing process.
Supply chain planning software
Supply chain planning software helps you effortlessly plan and coordinate all facets of your supply chain in one platform. It can help you create production plans, analyze demand forecast data, and optimize inventory levels.
Conclusion
There is much to expect from supply chain tech in the coming years; adjusting your supply chain to leverage the new technology will ensure your supply chain’s survival and success. Current tech solutions in supply chain management are game-changers in the SCM industry.
Obinabo Tochukwu Tabansi is an ex-supply chain professional turned ghostwriter with a decade of experience working in different facets of the supply chain. Today, he lives his passion for writing on all things supply chain and helping clients from across the globe communicate their thoughts and solutions seamlessly. His blog, Supply Chain Nuggets, is Africa’s fastest-rising supply chain blog, helping professionals, business owners, and curious minds navigate the continent’s complexities.
