, ,

Solving the productivity of the supply chain for the next generation

As businesses navigate an increasingly complex and competitive landscape, the role of supply chains has evolved drastically. Consumer expectations are always rising, and the modern supply chain has had to undergo significant adaptations in response, becoming more agile, responsive, and innovative. But if supply chains are to meet the ever growing demands of customers and market dynamics, then there’s one problem that needs solving, and that’s how to boost productivity.

For years, companies have been trying to make their supply chains more efficient and productive. For example, giants like Amazon have revolutionized their networks with advanced technology and rapid delivery services. But despite these efforts, overall supply chain productivity has seen limited progress. A recent Gartner report indicated that, whilst there has been a slight increase in productivity from 40% in 2019 to 41-44% today, it is not a big enough increase to boost overall supply chain value. This stagnation poses a risk of inefficiency, increased waste, and frequent disruptions and reinforces the fact supply chains need to become more efficient.

As the demand for faster, more reliable supply chains grows, companies which fail to improve productivity risk falling behind. A more productive supply chain is not just about cost-cutting; it’s about creating systems which are resilient and responsive to unforeseen challenges – whether that’s a global pandemic or a cargo ship blocking a vital trade route. Building more productive, adaptable, and agile supply chains for future generations isn’t just an opportunity; it’s a necessity, and that building process starts by focusing on a few key areas.

Enhancing employee engagement

Employees are the cornerstone of driving productivity in any business but investing in the workforce means so much more than just retaining staff – it means enhancing employee engagement and motivation to help boost their output.

When it comes to supply chain productivity, making sure employees have time for innovation and upskilling is crucial. It enables them to develop new skills, adapt to changing technologies, and contribute fresh ideas to streamline processes and improve overall efficiency. This investment in employee growth not only enhances individual performance, but also drives collective advancements in supply chain operations, leading to a more agile and resilient system.

One way to ensure employees have the time to focus on this growth and development is by investing in the right technologies to free up their time. Recent statistics highlight that nearly three-quarters of warehouse staff are more likely to accept a lower paying job at a company offering advanced technology to make their jobs easier and allowing them to advance other skills. These statistics highlight a shift in employee priorities, reflecting a trend towards valuing technological support, career advancement and improved working conditions. It emphasizes just how important it is to invest in employees if you want to create a more dynamic, skilled, and motivated supply chain team.

Balancing technology with effective governance

Whilst companies need to ensure they’re leveraging the benefits of advanced technology to improve supply chain productivity, they also need to maintain an effective oversight and risk management of the technology being implemented. In other words, supply chains need to strike a sense of balance between technology and governance. Though technology, like AI tools and robotics, promises significant productivity gains, it also introduces new challenges around data integrity, security, and ethical use.

A recent forecast indicates that 30% of generative AI projects might be abandoned in 2024 due to issues with balancing innovation and governance. It highlights how crucial it is for companies to develop robust governance frameworks which evolve alongside technological advancements to ensure data is protected, ethical standards are upheld, and productivity gains are sustained.

By establishing clear guidelines and monitoring mechanisms, businesses can fully harness the power of technologies. For example, AI can assist predictive analytics and real-time visibility, streamline processes, reduce inventory costs, and make data-driven decisions that enhance supply chain agility and, ultimately, productivity.

Preparing for future productivity

Looking ahead, the path to a more productive supply chain is filled with both challenges and opportunities. Fluctuating demands, driven by digital transformation, market volatility, and geopolitical disturbances, require robust and flexible supply chains.

Future-proofing supply chains is more than just adapting to current trends but anticipating and preparing for future disruptions. This could mean investing in scalable technology platforms, fostering a culture of continuous improvement, and building networks which quickly adapt to changing circumstances.

As organisations continue to face rapid technological advancements and evolving workforce dynamics, embracing next-generation productivity strategies will be crucial. It’s time to start effecting change now to secure supply chains for years to come.

We list the best Enterprise Resource Planning (ERP) software.

This article was produced as part of TechRadarPro's Expert Insights channel where we feature the best and brightest minds in the technology industry today. The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc. If you are interested in contributing find out more here: https://www.techradar.com/news/submit-your-story-to-techradar-pro

https://www.techradar.com/pro/solving-the-productivity-of-the-supply-chain-for-the-next-generation


December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 1011: The Year in Review – A Look at the Top Stories of 2024 This Week in Tech (Audio)

What's behind the tech industry's mass layoffs in 2024? : NPR Rabbit R1 AI Assistant: Price, Specs, Release Date | WIRED Stealing everything you've ever typed or viewed on your own Windows PC is now possible with two lines of code — inside the Copilot+ Recall disaster. Microsoft delays Recall after security concerns, and asks Windows Insiders for help The Qualcomm Snapdragon X Architecture Deep Dive: Getting To Know Oryon and Adreno X1 Elon Musk: First Human Receives Neuralink Brain Chip Apple hit with €1.8bn fine for breaking EU law over music streaming Bluesky emerges The hidden high cost of return-to-office mandates Apple's Car Was Doomed by Its Lofty Ambitions to Outdo Tesla SpaceX pulls off unprecedented feat, grabs descending rocket with mechanical arms U.S. versus Apple: A first reaction Google Says It Won't Force Gemini on Partners in Antitrust Remedy Proposal U.S. Accuses Chinese Hackers of Targeting Critical Infrastructure in America U.S. Agency Warns Employees About Phone Use Amid Ongoing China Hack AT&T says criminals stole phone records of 'nearly all' customers in new data breach National Public Data confirms breach exposing Social Security numbers Schools Want to Ban Phones. Parents Say No. New York passes legislation that would ban 'addictive' social media algorithms for kids GPT-4o (omni) + new "Her"-style AI assistant (it's nuts) Google emissions jump nearly 50% over five years as AI use surges Trump proposes strategic national crypto stockpile at Bitcoin Conference Ten additional US states join DOJ antitrust lawsuit looking to break up Live Nation and TicketmasterThe Internet Archive just lost its appeal over ebook lending Hezbollah Pagers Explode in Apparent Attack Across Lebanon OpenAI raises $6.6 billion in largest VC round ever Painting by A.I.-Powered Robot Sells for $1.1 Million Netflix's Live Mike Tyson Vs. Jake Paul Fight Battling Sound & Streaming Glitches In Lead-Up To Main Event Infowars Sale to The Onion Rejected by Federal Bankruptcy Judge Supreme Court agrees to hear challenge to TikTok ban So You Want to Solve the NJ Drone Mystery? Our Expert Has Some Ideas Beeper's push for iMessage on Android is really over The Quiet Death of Ello's Big Dreams Japan finally ends mandatory form submission on floppy disks We'll Miss You: Pioneering instant messaging program ICQ is finally shutting down after nearly 30 years Spotify is going to break every Car Thing gadget it ever sold Game Informer to Shut Down After 33 Years In Memoriam Host: Leo Laporte Guests: Fr. Robert Ballecer, SJ, Richard Campbell, and Mikah Sargent Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsor: bitwarden.com/twit
  1. TWiT 1011: The Year in Review – A Look at the Top Stories of 2024
  2. TWiT 1010: The Densest State in the US – TikTok Ban, Drones Over Jersey, GM Quits Robotaxis
  3. TWiT 1009: Andy Giveth & Bill Taketh Away – Trump's Tech Titans, Crypto Boom, TikTok's US Ban, Intel CEO Exits
  4. TWiT 1008: Internet Legal – Australia's Social Media Ban for Kids, Smart Home Nightmare, Bluesky's Ascent
  5. TWiT 1007: All the Hotdogs in the World – China's "Salt Typhoon" Hack, Google on the Chopping Block, Recall AI