What are the perspectives for the future Supply Chain?

What are the perspectives for the future Supply Chain?

AUTHOR

chiefstaff

TIME TO READ

minutes 

UPDATED ON

January 8, 2019

According to a KPMG study, the priority for firms towards their suppliers remains costs, but there are also new priorities which appear such as shares of knowledge, skills and resources.

In the near future, most firms claim that they want a more integrated supply chain with more responsibilities for suppliers concerning stocks. Firms are looking for safe partnerships with their suppliers and they use financial audits to be sure of their partners. Moreover, there are more and more concerns about intellectual property. Furthermore, we can notice a strong wish of firms to control more and more supply chain. For instance, in 2008, Carlos Ghosn, CEO of Renault-Nissan said: “We are not anymore in a world where logistics follow”.

The future Supply Chain has to be flexible. To reach this purpose, supply chain managers must have safe suppliers and integrate actors of the supply chain. This shows that Supply Chain’s evolution is at the heart of concerns for the near future. Supply Chain of the future would be flexible, safe and with a strong partnership between different actors of the chain.


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Our Quick Notes On Five Flows Of Supply Chain Management

Part of our new “Quick Notes” series – this report answers your most pertinent questions of the topic.

  • What are the five flows of SCM?
  • Why are they important TO YOU?
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  • What is the importance of difference between "Supply Chain" and "Value Chain"?
  • What are the stellar case studies of each of the five flows?

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  • Future of Supply chain in the 21st century:
    IoT further supplies the necessary infrastructure that enables the extension of data to different layers of automation within a factory. Moreover, gathering data for analytics becomes cheaper and faster without disturbing any control systems in the process. IIoT also allows automation by modules which further help scale production up or down according to the prevailing market needs. This, in turn, enables faster time-to-market for pharmaceutical products in accordance with market- or region-specific rules and regulations.

    IIoT will become an integral part of the manufacturing supply chain. The supply chain has a key role in pharma manufacturing to help address new challenges; for example, increasingly global and outsourced supply chains. Supply chains today demand high levels of coordination and alignment across all stakeholders and processes. Visibility and collaboration across the entire supply chain were not challenges that traditional business applications could resolve. As a consequence, pharma companies understand the value of advanced IIoT solutions that could help fill this gap. Leading pharma companies are taking lessons from IIoT implementation in parallel industries. This has resulted in numerous benefits for the industry:

    Increased and up-to-date visibility of the supply chain
    Complete control over quality and serialization
    Higher on-shelf availability
    Better margins and profits

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