5 mind-blowing technologies set to change supply chain management - Tradeshift Blog

Between smart machines, A.I., and big data, supply chain management is steadily embracing futuristic technology. This is driven by a confluence of factors, including rapid technological development, a more strategic charter being pushed from the C-suite, and the realization that company-wide agility begins at the supply chain level. Data gets buzz in every market, but supply chain management is a field where it can have an immediate impact. David Wilkins, Vice President of Supply Chain at Raytheon sums it up well, "Our customers need us to "do more with less" – that means providing the most advanced capability at the lowest possible price. When roughly 70 percent of a program's cost comes from materials, we know we can reduce costs by sourcing smarter. To do this, we're using data analytics, collaborative technology and internal strategic sourcing."