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The Future of Supply Chain Management

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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.

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The Future of Supply Chain Management

  1. 1. The Future of SCM Barry Fischetto
  2. 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.
  3. 3. Barry Fischetto data-driven decisions
  4. 4. Barry Fischetto data-driven decisions "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.
  5. 5. Barry Fischetto the digital supply chain
  6. 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 footprint. Yeah Baby! Score those hard­to­get sustainability points with your CEO! Score one for the Ops Guy!
  7. 7. Barry Fischetto artificial intelligence
  8. 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 production. 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 think.
  9. 9. Barry Fischetto supply chain management All said and done the future of SCM, is one that will involve innovation based in hard numbers and the bottom line. For more information on Supply Chain Management, visit Barry Fischetto's website at: BarryFischetto.com

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