Supply Chain Tip of the Week: Technology will be essential for managing the growing volume of supply chain data

In a recent white paper from Becker’s Supply Chain Leadership Virtual Forum, titled “Health system leaders weigh in on supply chain transformation,” 6 healthcare supply chain leaders representing Cardinal Health, Mayo Clinic, UChicago Medicine and other healthcare institutions discussed how supply chains can become a strategic asset when bolstered by the power of data, standardization, and process efficiency.

Peter Bennett, Senior Vice President of Global Planning at Cardinal Health, called out how the presence of supply chain data is ever growing.  

“The amount of data that we have will soon be overwhelming,” Mr. Bennett said. “Machine learning will be an incredibly important part of our digital footprint, so we can federate data, send it to advanced planning systems and get useful output.” Blockchain supply chains are also on the horizon in healthcare. These will provide one source of valid, high-integrity data to ERP, planning and warehouse management systems.

To read the full whitepaper for more supply chain takeaways, click here.

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