The 10 Must-Read Supply Chain Blogs for 2019

Missing out on the most current trends or what the forward-thinkers are writing about in supply chain? Want to read more case studies on the sales and operations planning process?

The big picture is this: Worldwide, the supply chain industry is a big business. In fact, Harvard Business Review reports the U.S. supply chain employs 44 million people.

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Supply Chain Planning 2030: Prescriptive Analytics Takes a Lead Role

Figure 1. Role of Prescriptive Analytics in Next Generation Decision Support

There is a new technology revolution in the making with the explosion of Internet of Things (IoT), machine learning, self-driving cars, etc., which conjures an image of large-scale automation of decisions based on real-time information. It is a vision that applies  to the supply chain planning world as well.

However, one important aspect has to be understood by everyone: the brain behind the success of a self-driving car is really the algorithms behind it that determine the best route to follow and if there are hurdles along the way (accidents, detours, etc.). The ability to recalculate the best route becomes crucial. In other words, algorithms are a key enabler of this utopian vision of high levels of automation.

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IoT in Supply Chain: Is the Hype Real?

I think we all know the answer to this one...YES, the hype is real. Over the past decade, the Internet of Things (IoT) has evolved from a concept relevant only to technology enthusiasts to something that is permeating every aspect of our society. According to Gartner, 5.5 million new devices will be connected every day in 2016, and the world will have over 20 billion connected devices by 2020!

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Algorithmic Business is Changing the Way Companies Operate

Algorithms have given birth to some of the largest corporate empires such as Google, Coca-Cola, Amazon, Volvo and more.

  • Google was born because an algorithm was created to help users find information on the Internet.
  • Coca-Cola has been spreading happiness around the world for years thanks to an algorithm — known as the “secret recipe.”

The success of algorithmic businesses spans companies to professional entities. Amazon, Wall Street traders, health care organizations and more are all using algorithms to shape the way they operate.

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Supply Chain Brief