The digital economy is putting pressure on traditional supply chain models to conform to the "now" generation. To avoid disruption, companies must give customers what they want, when they want it and how they want it.
According to the EY 2016 Global Forensic Data Analytics Survey, 77 percent of respondents use forensic data analytics to combat internal fraud, which includes travel and entertainment abuse, collusions, and other fraud committed by an insider.
As they witness the proliferation of sensors, software, computing power and connectivity embedded in everything from motor vehicles to home appliances, equipment manufacturers of all kinds are asking an existential question: is it time to stop thinking of themselves primarily as hardware and systems companies and instead to view themselves as providers of software solutions and services?
The restructuring of China's economy, the world's second-largest, is among five trends that will likely affect the world of maritime shipping, says Richard Clayton, chief maritime analyst at IHS Maritime & Trade.
Anyone managing a supply chain has to have a good head for logistics, coordinating a number of sources in manufacturing or procurement, negotiating for the best supplies at the best prices, and navigating a maze of partners on all levels. This means an extensive amount of time taken for inventory and cataloguing.
The ever-widening industrial digital ecosystem has manufacturers juggling rising investments in technologies with expectations these investments will lower costs and generate new revenue.
The fashion industry is undergoing the biggest change since the industrial revolution: Today's consumers prize instant convenience and authenticity. They want innovative new products, instantaneous information, to comparison shop, to easily return items that don't fit, and always get the best deal.
Digi International, a provider of products and services for machine-to-machine (M2M) and Internet of Things (IoT) connectivity, has introduced Digi Honeycomb.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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