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industry

Procurement, Logistics & Supply chain

We live in a world of now.

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20bnestimated global spending on connected logistics solutions by 2020
$1.9tnestimated impact of connected technologies on the industry
$1.4bnannual savings predicted for China's logistics industry from the use of smart logistics vehicles

Amazon has led the way in disrupting consumer expectations: quick and safe delivery for tangible products; instantaneous delivery for digital products and services.

For the customer, the situation has never been better. Expectations around standardisation and uniform quality, alongside regulations enforcing them, require robust tracking and management procedures.
For businesses, these needs place intense demands on Procurement, Logistics, Quality & Supply Chain processes. Ensuring those requirements are met, for mass-market consumers and commercial partners alike, ensures crucial points of differentiation in competitive markets.
Important trends in Procurement, Logistics, Quality & Supply Chain include:

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1. Shortened product life-cycles

Product life-cycles are shorter than ever before, with the period immediately after a new product or service being a particularly important period.

So, the window of opportunity to earn profits before competitors create parity is narrowing. Alongside creating valuable intellectual property, companies must be able to ramp up and ramp down production and delivery in accordance with consumer demand.

To ensure customers’ needs are instantly met and that they're more likely to buy subsequent products and services, supply chains must be closely managed, globally and locally.

Our network of smart minds can rapidly deploy talent at levels that meet the needs along the product lifecycle, including a world-leading project-management capability.

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2. Greater emphasis on e-procurement

Digital procurement is the future of corporate fulfillment, helping create a better, more intuitive experience for employees, cutting costs and funneling spend to chosen suppliers. To make it happen, businesses should consider how they can automate their sourcing and purchasing procedures. That way, company-wide specifications can be applied across the system and greenlit products displayed to appropriate personnel and regions.

The data-heavy nature of e-procurement gives greater visibility of buying processes to help guide future decisions. Meanwhile, corporate headquarters will have immediate access to regional reports covering spend in each area for increased cost-control. Moreover, the digital ‘paper trail’ helps ensure that compliance with quality and consumer regulations aren’t just maintained but exceeded.

Our data experts in IT can help you create and implement the policies required for e-procurement. We can partner with you to add the right individual (or teams of) Consultants to your team or outsource and manage e-procurement processes ourselves, guaranteeing delivery on time and to the highest quality.

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3. Big Data, the Internet of Things (IoT) and Quality Control

The IoT is transforming supply chain management and quality control. Advanced Radio Frequency Identification (RFID)-tracking technology offers unparalleled oversight through the supply chain. Manufacturers must use connected sensors and data monitoring to tighten quality control, monitor productivity, track and restock inventory and analyse labor productivity

Temperature, humidity and acidity sensors can help reduce spoilage and contamination. These can exist in the factories and in transport alike. Alerts will be triggered that help avoid spoilage or prompt alternative processes before the product gets to the customer. Advanced RFID allows businesses to track product locations, optimising routes using a variety of data sources and gauge performance across fleets and customers.

These data need to be collected, aggregated, cleaned and processed to provide continuous value and integrate fully with Procurement, Logistics, Quality & Supply Chain processes. Those businesses that fully master the combination of Big Data and the IoT can ensure sustained competitive advantage.

Our people bridge the divide between Engineering and IT. From rapidly prototyping and trialling new sensors to Data Center and Network Operations, we can manage large operations across multiple technologies.

 

How Modis can help

Quality and timely fulfilment are competitive advantages. Full integration of digital technologies, including Big Data and the Internet of Things, across product and service lifecycles can ensure not just safety, consistency and rapidity but also provide a brilliant customer experience.

Our industry specialists are ready to partner with you to deliver a wide variety of services in this industry.

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