Professional Documents
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How It Works
The two days of The Big Data Show 2015 will see delegates from
across government departments, healthcare, oil and gas,
hospitality and many other industries attend a range of keynote
The Big Data Show 2015 was a pioneering platform for data
analytics and business intelligence insights for Middle East
executives across industries and functions to create a clear big
data business case.
The two day conference and exhibition attracted over 1,500
regional business leaders to access the very best ideas and
technologies in adopting and improving big data and analytics
practices and strategies in their domains.
How Technology Can Ease Supply Chain Management and
Mitigate Risk
supply chain, the fix was easy-a company would pull a couple of
people from whatever they were doing and put them on the
problem. Once the kinks were ironed out, those people could go
back their regular jobs.
In those days consumers were less demanding, less aware and
certainly more patient, as they weren't familiar with online
ordering with the ability to track shipments to a timely and
expected delivery date. Even items that were custom built,
beginning when an order arrived via the U.S. Postal Service, were
handled with an understanding that completion and delivery
would be unpredictable.
Supply chain management has been around at least as long as
the assembly line, but until recently, the concept of a chief supply
officer has been foreign. Now that role is seen as a highly
strategic one that is increasingly valuable from both a customer
service and a business perspective. As the role has evolved it's
become a critical one, as managing a supply chain is complex,
fraught with risk, subject to complex regulations, fines,
competition, international shipping restrictions, and more.
customer specifications.
That same kind of tracking and accountability can be applied to
virtually every link in the supply chain to provide a moment-bymoment snapshot of how goods are moving around the planet.
This is the aim of a supply chain manager, to know where
inventory is and to anticipate delays and hitches before they
affect the final assembly line. And just as technology has provided
the business landscape with many more capabilities; it has
contributed to a new recognition of supply chain management as
a profession and a discipline. Today, knowledgeable supply chain
managers command respect and correspondingly high salaries.
Modern supply chain managers understand that technology
provides increased visibility and accountability; therefore, a
stronger competitive edge and tight control of the supply chain is
worth the investment.
Key to this kind of efficiency is the ability to notify everyone along
the supply chain when things aren't going exactly as planned.
Notification technology has adapted along with SCM to provide an
easy way to send one message to many at once, by a wide
variety of devices. So employees at desks will get a call and an
email, and someone out in a plant will get a text sent to their
smartphone. When the information is shared in real-time, it allows
teams to adapt and change to suit the situation, helping to keep
manufacturing lines on time and on track.
As an example, one company that manufactures condiments that
are packed in glass jars received a shipment of bottles that
seemed fine, but revealed a visible flaw after being filled. The
product was packed, labeled and shipped to retailers before the
flaw was discovered, and the entire lot had to be recalled. With
notification technology in place, the complicated task of issuing a
recall was completed in minutes. The manufacturer notified
everyone along the chain by sending a single automated alert.
Whether the goods had shipped to a dozen or a thousand
customers, tracking ingredients and notifying customers would
there, realizing that they don't have a plan, and paralyzed about
where to go from there. The survivors over the long term are
those who have considered the what-ifs and have put solid plans
in place for dealing with interruption. Wise companies will initiate
the use of SCM technology and a notification solution. Any
company that doesn't use technology as part of SCM is at a
distinct disadvantage, no matter how good their business
continuity plans.
According to supply chain experts, there are four major areas
where SCM technology with notification will help. Those areas are
global trade, supply relationship management, reverse logistics,
and supply chain execution. Let's look at each of these areas:
Global trade - Global trade is fraught with constantly changing
regulations. A well-respected company recently received an
exceedingly heavy fine for inadvertently side-stepping regulations
and shipping night-vision goggles that eventually landed in the
hands of terrorists. Automated notification, as part of SCM
technology, could have kept everyone along the chain appraised
of the latest updates and helped to avoid such a situation.
Supply relationship management - In 2007, Mattel had to recall
over 10 million toys because lead paint was detected. To stop the
spread of tainted toys, the company had to work backwards along
the chain to find out where the lead came from, and also forward
to where the final goods were all shipped to effect a recall. With
notification as part of an SCM toolkit, much of this communication
could be automated, thus speeding the process and providing a
reliable audit trail.
Reverse logistics - Reverse logistics is the process of managing
the return of goods, recycling of batteries and other components,
disposal of products coming off lease, and the auctioning of those
items, etc. When there is a sudden influx of new goods,
manufacturers have to offload outdated goods quickly.
Notification can help alert a variety of recyclers and other parties
Conclusion:
References:
1- Naturalistic Inquiry - Lincoln, Guba - 1985 (Show
Context) 158 Electronic data interchange and small
organizations: Adoption and impact of technology lacovou, Benbasat, et al. - 1995 .
2- The value of information sharing in a two-level supply
chain - Lee, So, et al. - 2000
3- Supply chain inventory management and the value of
shared information - Cachon, Fisher
4- Supply Chain Management: More Than a New Name
for Logistics - Cooper, Lambert, et al. - 1997
5- Business value of information technology: A study of
electronic data interchange - Mukhopadhyay, Kekre,
et al. - 1995
6- Logistics and Supply Chain Management - Christopher
- 1992
7- Managing supply chain inventory: pitfalls and
opportunies - Billington, Lee - 1992
8- Arcs of integration: an international study of supply
chain strategies - Frolich, Westbrook - 2001
9- Value of information in capacitate supply chains Gavirneni, Kapuscinski, et al. - 1999
10Issues in supply chain management - Lambert,
Cooper