If you were given authority to purchase one product or service for your supply chain/logistics operations, with no budget restrictions, what would you buy?
A time machine!
Key Supplier Manager
General Dynamics Land Systems
I would purchase a robust and mobile-enabled application that would allow any company in the world to place a purchase order and track it through every link in the global supply chain. While many applications today help support various silos within the supply chain, this technology would utilize the full power and mass availability of mobile phones, taking the supply chain to the next level.
Marisol International, An Ascent Global Logistics Company
Artificial intelligence (AI) has sharpened the competitive edge by predicting inefficiencies across the supply chain. Investing in solutions powered by AI that can analyze spend and identify opportunities for cost reduction, is an intelligent move, irrespective of budget.
Head of Procurement
We would purchase a robotic process automation (RPA) tool, hands down. While an RPA tool is a big upfront investment, the ROI has been proven and it’s definitely on our radar for future system enhancements. When you’re in a position of growth and your business’s foundation is built, we see RPA as a terrific solution to maximize operational productivity.
Chief Operating Officer
A forecasting solution. You know what they say: The difference between Bigfoot and an accurate forecast is Bigfoot has been spotted a couple of times.
Robert Babak Izadpanah
MCN Business Analyst Nordics
I’d buy technology products and software to digitize process and bring efficiency and accuracy, providing real-time information on shipment and record keeping for further audit and compliance. The ROI would be high, which could compare through cost-benefit analysis in the long run.
Commercial Dimension Data
A fully automated warehouse.
Supply Chain Manager
F.T. Industrial Supplies Ltd.
What about OTM or LLamasoft for optimization and modeling or Alteryx for extreme data mining and modeling or maybe even Tableau for visualization. I am already using three of the four suggestions above daily and the last one is on the way. I’d like to know what others are doing to solve problems and create forward thinking solutions.
Logistics Analytics & Solutions Center of Excellence
Drones maybe, as I believe our products (smaller ones, replacement parts) can be delivered via drones. Sky’s the limit, isn’t it?
Lily Mei Lee Ho Foertsch
IT Business Analyst
Schaeffler AP Holdings Singapore
IUID (item unique identification) and RFID (radio frequency identification) marking system to improve inventory, delivery, shipping, receiving.
Product/Product Manager, GSA
United States Army Veteran
Alice W. Atieno
Customs Clearance Supervisor
Have a great answer to a good question?
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Knowing what you know now about supply chain management, what advice would you give your younger self?
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