Next generation technologies can offer organizations hurry-up and wait forms of value. In the late 1990’s, the world was abuzz with e-Business hype, then the 2000’s saw widespread adoption of e-Business principles, which is now commonplace today. Some companies were early adopters and thrived; some organizations kept up and survived. Today’s next generation technologies include Blockchain, Internet of Things and Artificial Intelligence. Each of these technologies can offer an evolutionary shift in how organizations plan and execute their business. For each of these technologies, we will discuss what the basic definitions are within a supply chain or business context.
Once the baseline definitions have been established, we will review how each of these technologies enable next-generation supply chain capabilities and how supply chain performance can be improved.
Once the “how” has been addressed, we shift over to the why by analyzing the business reasons, or value proposition of these technologies for today’s supply chains. By value proposition, we will discuss pragmatic financials, which executives are measured on: