Scott Koegler

Scott Koegler

Scott Koegler is Executive Editor for PMG360. He is a technology writer and editor with 20+ years experience delivering high value content to readers and publishers. 

Find his portfolio here and his personal bio here

Supply Chain is expected to be a beneficiary of 5G wireless

5G technology is here with us and is already causing a lot of discussions and eliciting reactions from different industries. 5G wireless connectivity is expected to bring benefits to the supply chain through many fronts that will make processes and operations faster, easier, and more efficient. To begin with, the Fifth Generation Wireless System (5G) is a successor of 4G and will employ signal wavelengths in ranges between 30 to 300 GHz to enhance the speed of data transfer and reduce the levels of interference and interruption.

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3 Issues in Managing a Supply Chain

With the rising globalization of different operations from manufacturing all the way to warehousing, having a network of procurement which is capable of supporting and reacting to the needs of the supply chain is a challenge. In fact, many procurement professionals believe that selecting a supplier who is capable of providing manufacturing locations consistently and offering a reliable service is a challenge. Effective management of the supply chain enables businesses to track products and raw materials required for the manufacture of their products. It also enhances optimization of inventory levels and reduces costs which in the process lead to synchronized supply and demand.  

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How Blockchain is Will Be Used in the Supply Chain

Managing today’s supply chain can be highly complex. Depending on the items or products involved, supply chain may involve hundreds or even thousands of stages, different geographical locations, payments, entities and even number of days. As a result of this complexity and opaqueness, many professionals believe that blockchain is the silver bullet which could transform the challenges encountered in this sector. So from this point of view, how is blockchain likely to be used in the supply chain to sort out the current challenges? Here we look at the unique characteristics of blockchain and how it can help in the supply chain.

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