LONDON--(BUSINESS WIRE)--Supply chain operations, management, and logistics are changing to accommodate a more fast-paced, connected, customer-centric, and demanding business environment. Technological advancements have already changed and will continue to change the nature of supply chains and how they work for business-to-business transactions. Platforms such as BizVibe, have adapted to these trends, integrating cutting edge technology in order to make networking easier for businesses, helping them find trade partners best suited for their motives. BizVibe is home to millions of global businesses and uses machine learning tools and several sophisticated algorithms to make business life easier for everyone. Register today to connect with over seven million companies around the globe.
BizVibe’s Top 5 Technologies Set to Transform the Supply Chain
- The internet of things has the potential to improve supply chain management (SCM), as well as the ease and efficiency of business-to-business communications and transactions. It also helps to resolve issues in their early stages and helps prevent against future errors, allowing the rapid and smooth integration of new suppliers and businesses into the supply chain.
- E-commerce has already begun to transform the supply chain and will continue to do so in the near future, as its growth which is mainly a result of the popularity of m-commerce, continues. E-commerce has a number of unique characteristics—including automation, high sales volumes, diverse delivery options, and a wide and varied customer base—that are forcing supply chains and businesses’ supply chain strategies to become more efficient, more innovative, and more agile in order to keep up. Business-to-business e-commerce can also be used for things like contract manufacturing, supply chain logistics, and customs declarations.
- 3D printing (additive manufacturing) reduces dependency on the use of large factories and assembly lines, which is a bonus for businesses dealing with a lack of resources and staff. 3D printing allows for on-demand production even for high-value and high-quality items, making it easier to satisfy customer and industry demands. In the near future, 3D printing could allow supply chains to remain local while also being globally connected, and will reduce the overall time to market for new products and designs.
- Big data and analytics are helping businesses to make smarter and more informed decisions. The analysis of enormous amounts of data generated and collected at each stage in the supply chain and from each business or supplier involved enables faster decision-making, identifies potential future problem areas, and provides actionable insights to improve the supply chain’s overall efficiency and productivity. The prevalence of big data also makes it easier to decide which suppliers are the best fit for your business, and how specific business-to-business transactions will benefit you overall.
- Machine learning and artificial intelligence can help to predict forecasts for heightened or lowered product sales, allowing optimized SCM, decreasing the risk of stock or product overbuying or wastage, and improving business processes and efficiencies overall. Machine learning is more accurate and efficient than human analysis and forecasting, and artificial intelligence is helping to increase agility and efficiency, improving supply chain strategies and SCM.
BizVibe is home to over 7 million companies, across 200+ countries, covering all sectors. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections in real time. Claim your company profile for free and let the business come to you.
BizVibe is home to over seven million company profiles across 700+ industries. The single minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.