Predicting the future is much, much easier than you may think. Barry Fischetto can't tell you next week's lotto numbers or the World Series champion, but he can certainly speak to the future of Supply Chain Management.
2. Barry Fischetto
The future is now
What if I told you I could predict the future?
My guess is that you'd balk at that comment.
Predicting your future might be hard, but predicting the future of supply chain management
is much, much easier.
Most advancements happening throughout the world today are a result of new, burgeoning
technologies elbowing their way into our everyday lives—things like…urine powered toilets
or the clipin man bun.
Some technologies, however, such as smartphones, and AI Robotics have made the
supply chain process easier, faster and more efficient for businesses everywhere–and
there’s no sign of the advancements slowing down any time soon.
4. Barry Fischetto
"Big data analytics" was listed as the most impactful technology in SCM
With advanced measurement metrics now becoming more and more available to
businesses both small and large, the world is finding that making decisions based off of big
data is becoming a reality.
Both the techniques of collection and the analysis are improving as our technologies
continue to advance.
More and more data is being collected for interpretation
With each of these pieces of data comes not only a list of numbers, but a list of where a
business can improve.
If the cost of transportation is too high relative to competitors or company projections, it
provides a point to work towards–a goal for the company that, if achieved, will aid in
lowering costs and helping the business succeed.
6. Barry Fischetto
the digital supply chain
Right behind "big data" in that same survey was the digital supply chain
The idea behind “going digital” has been around for quite a few years–you probably
remember making the analog to digital switch on your televisions a few years back.
However, like your Uncle Franco who refuses to simply buy a “newfangled“ flatscreen,
supply chains have noticeably lagged behind. However now as RFID, GPS systems and
digital sensors have become more common; more supply chain management execs are
taking notice and implementing a “hybrid” approach of sorts.
A report published by Capgemini Consulting points to obvious benefits of switching to a
holistically digital approach to SCM including flexibility, speed and a reduction in carbon
Yeah Baby! Score those hardtoget sustainability points with your CEO! Score one for the
8. Barry Fischetto
the digital supply chain
That’s right, AI – artificial intelligence isn’t just found in Politicians
In January of this year, Facebook creator Mark Zuckerberg posted to his platform indicating
his personal goal for the year: building an artificial assistant.
As our knowledge and ability to best utilize AI increases, it’s abundantly clear how it can be
applied to the supply chain. The production–from design to manufacturing to shipping–can
be expedited and perhaps made more precise by AI. As robotics advance, we could see AI
machines design, draw and interact with alldigital models before passing them off for
Perhaps the most obvious iteration of AI in SCM is transportation. As autonomous
motorized vehicles (right now mostly limited to cars) are very quickly becoming a reality, the
transportation of goods via driverless trucks or drones may be nearer in the future than we