Top 5 Supply Chain Innovations in 2022
Informational technology is rapidly developing, and it has a direct impact on the progression of ways to manage a commercial supply chain. Thus, due to the availability of different e-commerce advances, there is a clear tendency for supply chain digitization.
There are various innovations in supply chain management that can take your entire business to the next level. In this article, we will focus on the following innovations in supply chain management.
Supply chain digitization
Digitization of the supply chain is the use of digital technology to streamline processes within supply chain operations. With the rise of e-commerce where businesses intend to automate any process possible, the automation of supply chain management is also an inevitable step.
Omnichannel supply chain management
Currently, more and more e-commerce businesses move forward toward omnichannel retail. It is a practice of combining the advantages of different sales points, including brick-and-mortar stores, mobile-based options, and web platforms. The main difference between omnichannel and multichannel is that within the omnichannel approach, all touch points are interlinked. This is what guarantees a superior shopping experience.
Cloud supply chain solutions
Cloud supply chains are considered another supply chain management innovation. Supply chain cloud computing allows for bringing together infrastructure and technology and increasing agility and data visibility. Additionally, the cloud can help organizations to achieve better results in cost reduction and deployment of new applications.
IoT describes the network of physical objects — “things” — that are embedded with technology for the purpose of changing data with other devices and systems over the internet. According to the latest available data, there are approximately 7.74 billion connected IoT devices. The trend of IoT technology is evident, so why not leverage this advancement to modernize your e-commerce supply chain operations?
Artificial intelligence (AI) and machine learning (ML)
AI and ML have revolutionized the overall performance of e-commerce businesses, and, of course, these technologies may be quite beneficial when using them for automating supply chain procedures.
Supply chain management solutions, based on AI, are excellent tools to help e-commerce organizations tackle supply chain management challenges, from procurement to sales, effectively. For example, AI and ML can be especially useful in replacing manual repetitive tasks and performing complex supply chain calculations.
Nowadays, informational technology positively affects numerous e-commerce operations, and the supply chain is no exception. With innovations in supply chain management, businesses can easily overcome delays and re-stocking issues and make their supply chains run like clockwork.
Since 2014, we have worked on 100+ e-commerce projects of different sizes and specifications and have automated countless e-commerce operations. Contact us, and we will help you put your business on autopilot. Your success is just as important to us as it is to you.