The supply chain is a complex, multi-faceted process that encompasses several aspects, from warehouse fulfillment to logistics. With recent technological advancements coming to the fore, the traditional supply chain is rapidly transforming into a more advanced and functional process driven by cloud, artificial intelligence, machine learning, blockchain, and other technologies.
When the supply chain is not streamlined, it puts a dent in organizations' productivity, revenue, and customer satisfaction. So, it is imperative for them to have robust supply chain management. Thanks to technological innovations, organizations can leverage their abundant data to fine-tune and streamline their processes. With the help of machine learning systems, they can use data to predict machine malfunctions and transportation delays and help supply chain managers make more cost-effective decisions up and down the supply chain. Besides, Transport Management Solutions (TMS) provides a logistics platform, enabling supply chain managers to optimize fleet operations and efficiently execute the physical movement of products. Further, new geolocation solutions are surfacing that leverage Low-power wide-area (LPWA) networks, significantly decreasing both the cost and the energy consumption associated with more traditional tracking. Another noteworthy development is the advances in cognitive process automation and optical character recognition that allow Robotic Process Automation (RPA)-driven robots to make judgments and recommend actions based on data patterns rather than rigid, pre-programmed rules.
Several new players are entering the supply chain industry with innovative solutions and services to help the industry run smoothly and effectively. In this Issue of Logistics Tech Outlook, we have compiled a list of best-of-breed supply chain solution/ services providers that are transforming this landscape.
We present you Logistics Tech Outlook's "Top 10 Supply Chain Solution Providers - 2020."