Recent headlines are dominated by the news that the University of Oxford research team is seeing promising results from early trials of its Covid-19 vaccine candidate. Now we must turn our attention to the vital technology that ensures that doses of any viable vaccine reach locations in a state without the need for retesting.
Technology has advanced significantly since the days when procurement leaders were only managing RFIs and RFPs among their “little black book” of trusted suppliers. Today, big data and artificial intelligence now offer an expansive view of an entire supplier market and unprecedented access to vast wells of verified data. This advancement has opened the door to a new approach that can completely transform the strength of procurement decisions and enable procurement teams to impact a company’s bottom line in new and sometimes unexpected ways.
The world is entering its fourth Industrial Revolution, commonly referred to as Industry 4.0. While Western economies ruled the first three industrial revolutions (steam, electrification, automation), the economies that will dominate a 4.0 World are unknown. The future is up for grabs.
Ushering in the era of The Internet of Things (IoT) brings with it conceptual and cultural change in supply chain management. Previous processes that were once not possible to automate, now not only function independently, but are capable of sharing data and interacting in such a way as to maximize efficient output.
While the precise impact of IoT is dependent on technology costs outweighing efficiency savings, there are several inherent benefits the supply chain can expect from its introduction.
Among those using automation in business, it’s common knowledge that Robotic Process Automation (RPA) can be used to connect workflow systems without the need for complex scripting and Application Programming Interfaces (APIs.) Put simply, automation software joins different parts of your business infrastructure in an often-simple way.
Dawn Tiura: Hey folks, this is Dawn Tiura and welcome back to the podcast series. I'm so glad to welcome to the studio today, Dan Hanyzewski. And Dan, I have known you for a number of years, but your current title has me intrigued. And we'll have to get to that. But you are now Ambassador at Certree. So, before we get to where you are today, can you take our listeners through a little journey of who you are, what made you the way you are today, things like that. Things that might be of interest.
