Supply Chain Innovation Blog

A great example of the need for intelligence, is the current supplier sourcing strategies executed by most businesses. Most often, supplier sourcing strategies are restricted to who you know, or who is local, because it is easier and more convenient. Very few companies have the access or the necessary tools to identify who is the best at a niche capability in Europe, and would be best to collaborate with.

Supply chains are developing at an incredibly rapid rate; it wasn’t too long ago that everything was done in-house. But with specialised manufacturing companies emerging to produce higher quality products, and emerging economies overseas driving costs down, supply chains are now in a state of being incredibly complex and global. But this has brought in incredible amounts of risk, and the systems to manage these supply chains haven’t kept up, making it difficult to manage supply chain performance.

The importance of Big Data in Advanced Manufacturing is critical to the advancement of the industry, and for UK manufacturers to remain competitive with international manufacturers in Germany, and Japan. However, it is clear that there’s a lot of confusion around the subject, and that’s why we (Valuechain) teamed up with ADS, and a number of other partners to help demystify Big Data, and unlock the value it can have to businesses.