Supply chain management is a growing and evolving industry that may be difficult to implement, but is vital for the success of your business. If you don’t stay on top of the smartest techniques for supply chain optimization, you can hurt your bottom-line with out-of-date technology and cost-ineffective procedures.
Here are 4 supply chain trends we expect will emerge or continue to flourish in 2017:
Growth of Tracking Solutions
Tracking solutions such as sensors and other devices provide real-time data. When embedded in cargo and vehicles, the data collected will optimize supply chains based on real-time inventory snapshots. In 2017, we see shippers and carriers continuing to rely on tracking solutions for inventory management.
Predictive Analytics
Demand can be forecasted more accurately by using predictive analytics. This includes search data and location tracking. By combining this aggregate information with web-search data, you’re able to draw more accurate forecasts to plan ahead. This year, expect to see predictive analytics used more to closely monitor inventory levels and ultimately improve forecasting.
For help with your supply chain business, contact Brian Weaver or Patrick VanPutte at 516-240-5020. With over 30 years of experience, NSA Computer Exchange Corp. will help implement the perfect solution for your supply chain business!
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