ODYSSEY: The Leader in Defense Commerce Solutions Blog

How Big Data Will Affect Your Supply Chain

Posted by James Lusk on Thu, Sep 21, 2017 @ 14:09 PM

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Big data is a hot topic, but one of its most promising applications is in supply chain management. Leveraging big data to inform and automate your supply chain, especially for Department of Defense suppliers, is the next step to increasing your efficiency and reducing your long-term spend. Here are 7 ways that big data will affect your supply chain.

Full Automation

What if you had insight into your entire supply chain? And what if your supply chain ran itself? That’s the kind of future we’re talking about by using the Internet of Things through RFID technology to bring big data to your supply chain. Increasing automation means time savings, compliance assurance to meet DoD standards, and a supply chain that’s flexible enough to adjust to market changes.

Last-Mile Delivery

Traditionally the last mile of delivery has been a patchwork of outside carriers, transportation, and deliveries. Aligning big data with your supply means that you know where your products are at all times, ultimately offering insight into your entire supply chain.

Responsive Operations

By tapping into your data, you have the ability to be more responsive to changes in DoD requirements and in your environment. Project scope changed? Big weather front coming in? With full visibility and a connected supply chain, you can shift your operations easily. You’ll spend less time potentially fixing issues and more time optimizing your supply chain and ultimately getting paid.

Route Optimization

Even in our digital world, transportation is still time-consuming and expensive. Delivering products to different locations isn’t easy, and the expectations for smart supply chains are increasing. Connecting the Internet of Things to your supply chain means that you can optimize how you transport your products and get the right products to the right locations as efficiently as possible.

Address Verification

While our goods are connected and our data is abundant, delivery can still present a challenge. We’re at the mercy of systems that require physical addresses to deliver our goods and services. Leveraging big data and RFID to verify these addresses can reduce points of human error and introduce additional efficiency.

Risk Evaluation & Resilience Planning

Increased visibility and flexibility throughout your supply chain means that your operations are more structurally sound. Your risk is lowered, your ability to meet DoD compliance standards is increased, and you can plan for long-term complications that might affect your supply chain.

Contextual Intelligence

Amassing large amounts of data isn’t enough anymore. Having a contextual understanding of that real-time data and tying it into your business operations is what drives the most value for DoD suppliers. By connecting big data to your supply chain, you have the opportunity to gain a complete, holistic vision of your business and introduce additional efficiency into your supply chain.

In order to take advantage of these benefits of big data, you must have the ability to properly identify your supply chain structure as well as your sources of data. A smart implementation takes into account your entire operations process as well as your assets and internal stakeholders. While these are just a few ways that big data will affect your supply chain, Odyssey can help you implement these concepts so you can take advantage of the benefits of using big data to inform your supply chain logistics. Contact us today to learn how our cloud-based software can help prepare you for the next evolution of supply chain operations.

 

 

 

Topics: data, supply chain, IoT, RFID

How DoD Suppliers Can Benefit from RFID Technology

Posted by James Lusk on Thu, Jun 29, 2017 @ 15:06 PM

Radio Frequency Identification (RFID) is commonly defined as the use of radio waves to read and capture information stored on a tag attached to an object. Suppliers to the Department of Defense (DoD) know that RFID is a transformational technology that enables automated visibility and assessment management. The technology has changed the way we do business forever and has improved and automated supply chains everywhere.

 There are numerous benefits associated with RFID for both the Department of Defense and its suppliers. According to the DoD, “RFID is a means to facilitate accurate, automated data capture in support of business processes in an integrated DoD supply chain enterprise.”

Every day, suppliers come to us for exactly that reason: to complete their DoD commerce needs in a single, automated DoD-approved software platform. By streamlining supply chains and improving business functions, suppliers will see better business results.

Below is an infographic explaining the top 5 benefits of RFID technology for your company and other DoD suppliers.

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Overview:

Efficiency

Due to wireless scanning, RFID tags can provide information much quicker than barcodes or other systems, and multiple tags can be read at once.

Accuracy

The automated technology requires no human intervention. This lessens the risk of human error that typically comes with manual data logging and product replenishment. Our partners have transformed their DoD commerce by streamlining the entire work-flow process into a review environment, rather than using manual data entry.

Real-Time Updates

Gone are the days of receiving numbers that are days or weeks old. RFID technology tracks and provides real-time data about inventory and products. Using Odyssey’s dashboard, your entire team can view real-time updates and communicate within the platform.

Easier Item Location

Less time spent locating inventory means more time focusing on other important tasks, such as production, fulfilling orders and selling to your customers.

Better Decision Making

Utilizing real-time data and insights leads to better decision making, commonly known as data-informed decision-making (DIDM). Business owners and managers can turn the data they acquire into actions that improve their business.

The Odyssey cloud platform is a DoD approved software that provides one integrated location for all DoD commerce tasks, to be handled in-house, using passive RFID technology. You can learn more about our company here. If you’d like to talk about how Odyssey can help streamline your business operations, feel free to contact us

Topics: Passive RFID, RFID, DoD approved software, DoD, automated data entry, supply chain