The Digital Supply Chain (DSC) or Digital Supply Network (DSN) is a customer-oriented platform model that can collect, process and assess real-time data from various sources. In our blog article, we demonstrate the main criteria that will characterize the supply chain of the future, and the enhancements that e-track is engaged in to achieve maximum efficiency.
Transforming the supply chain
Transforming the traditional supply chain into a digital supply network is an extremely complex task in which it is essential to understand the partners’ processes and data exchange. It is imperative to bear in mind that production is not controlled by efficiency alone, but primarily by the expectations and needs of customers.
In many areas today, Industry 4.0 is being built, developed, or even cultivated. We can safely say that Industry 4.0 non-functional without Supply Chain 4.0, and companies urgently need to reassess their policies of restructuring their supply chain.
The only question is, what will the supply chain of the future be like?
Over time, online information sources will become more and more accurate, consequently, human intervention will become less and less necessary. This will greatly reduce the number of emails and phone calls. To ensure all this, the future supply chain must meet several important criteria.
The main criteria for the future supply chain
1. Speed is of prime importance
As a result of digitalization, the processes will be faster, resulting in shorter delivery times. In addition, digitalization speeds up decision-making, as we can easily make more accurate forecasts by analysing the large amounts of available data in real time. These analyses can reach high levels of efficiency, such as Amazon’s proprietary procedure, which places products into the delivery process before they are actually ordered by the customer.
In our company at e-track, we are constantly making significant improvements in the process of data analysis and forecasting precision. Our customers are already using our pick-up arrivals forecasting service, which informs the warehouse about one hour before the scheduled departure if the delivery vehicle is delayed. This service can save considerable work and energy by prioritizing shipments whose delivery vehicles are already on the spot. This is not a gateway booking system, but an analysis based on online data (such as GPS, weather and traffic data), as well as data provided by haulers and carriers.
2. Another important feature is flexibility
Supply Chain 4.0 offers companies the opportunity to use the supply chain as a service, thus freeing up significant resources. This process will have a major impact on the better utilization of transport capacity. In addition, accuracy, transparency, efficiency and scalability are other important criteria that are all important elements of the digital supply chain.
With almost two decades of experience e-track provides its customers with a number of innovations and services aimed at ensuring maximum transparency and accuracy. Our main field of activity relates to the physical supply chain, which is the part of the supply chain that coordinates the movement of finished products from the manufacturer to the buyer. Our services in this area use the latest technologies and rely on increasingly sophisticated analyses and forecasts. The number of ever more accurate sensors is growing rapidly, and we are market leaders in the processing, analysis and redistribution of the data coming in from these sensors.
3. Various communication technologies
Such as the ‘block chain’ is bound to have a growing role in the future. For the time being, this technology is still in its infancy in logistics, but it faces extremely rapid development in a very short time.
At e-track we are already working on a project to create a platform that can handle with great efficiency the huge amount of information provided by the IoT (Internet of Things) and the data coming from partner systems (TMS – Transport Management System). Then it will combine these data with customer needs and information from the supervision centre. The system will be a distributed platform, accessible to all the partners involved in the processes, and any given information will be available for each participant in a certified form.
We can see the future because we are already working on it!