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Inventory and Supply Chain Management Trends

By: PRLog

NEW YORK - Aug. 12, 2021 - PRLog -- Supply chain is one of the most quickly developing business industries. And yet even in 2021 it faces, so many challenges related to different working aspects starting with inventory control and ending with retail. However, it is easy to eliminate all of the challenges and boost supply chain companies' performance. You are wondering how it is possible? Well, thanks to the technologies and custom solutions.

GBKSOFT team has digitally transformed lots of supply chain companies. We developed various solutions such as supply chain analytics, warehouse and retail management systems, and even complex secure solutions powered by the latest technologies. So based on our experience, we'd like to share with you some major trends of supply chain tools.

Smart IoT solutions for warehouses

These days to have an ERP is not enough, you need more modern and smart solutions to perform warehouse management. And the Internet of Things is exactly what you need! By integrating lots of various sensors and cloud-based software to monitor the collected data you can turn your warehousing into a whole new level. Also various devices can be used to track goods and packages on every stage of delivery and to track the conditions inside the packages.

Artificial intelligence use

According to Gartner by 2023 at least 50% of all supply chain companies worldwide are going to use AI for daily operations. So now is the right time to think about AI implementation for your business. AI powered software can help you ensure more efficient inventory control and management. Also such smart systems can predict new consumer preferences, forecast goods demand, and save operational costs by preventing the company from buying unnecessary goods.

Robotic processes automation

Robotics is no longer a fantasy, it is here and it is actively used for processes automation in the supply chain. Let's take Amazon, it has integrated more than 200,000 robotic vehicles (https://apnews.com/article/056b44f5bfff11208847aa9768f10757) that are responsible for moving packages throughout inventories. And we predict that it is only the beginning of the robotics era. Soon even middle size and growing companies will consider this technology for their business.

Now it is impossible to imagine a successful company without software. And the trends we named above are not the only ones to consider. After all, there are cloud migration, blockchain, layered technologies, machine learning and agile supply chain. And they all can be used to your advantage.

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