In the 1960s, activities and processes that encompass the term “supply chain management” were performed in siloed departments (e.g., demand forecasting, distribution planning, transportation). As these concepts began to converge under a single, holistic program (“supply chain management”), technologies supporting these functions remained function-specific. While some...
Read MoreOn a return leg from a recent business trip to Canada, I had the pleasure of using an automated customs kiosk in order to expedite the exit registration process. I fed my passport into the machine and it immediately recognized my identity, flight details, and visa information. Optical character recognition (OCR) software, like the kind found in the customs kiosk, is making an enormous impact...
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When people hear the term “supply chain management”, many envision the typical diagram consisting of suppliers, manufacturers, distributers and retailers all working in conjunction to efficiently provide a product or service to the consumer. Although companies typically use concepts in SCM to optimize their supply chain operations, firms can also use similar methodology in order...
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