Technology Still Doesn't Supply The Insights Needed For Supply Chains [Forbes]
SEIKO EPSON CORP UNSP/ADR (SEKEY)
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Source: Forbes
Part of the problem is that much of it is not automated — these professionals report spending nearly 14 hours a week manually tracking data on inventory and shipments. That's the word from a survey of 250 supply chain, inventory, and planning executives, conducted by LeanDNA in collaboration with Wakefield Research. While most supply chain executives plan to increase investments in proactive supply chain management (92%), over three-fourths (76%) do not currently have a predictive view of supply and demand — interpreting the signals coming in from key points of the process. For instance, “if a maintenance failure is predicted, where does that signal go?” asks Paul Noble , founder and chief strategy officer for Verusen. “That baton will need to be passed from a sensor to an intelligent system that can cut a transaction, cut a purchase order, and so on and so forth in the same way. It goes back up the supply chain out of the maintenance realm, to raw direct material predictability
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