How a Logistics and Supply-Chain Executive's Perspective of the Market Can Benefit Your CompanyLogistics and supply-chain technology is a tough sector to comprehend, even for an investment banker. However, the market for these technologies has been growing. What Sparkasse Bank is looking for in this sector? They want to invest in companies that create solutions that will help them provide better services to their customers. When they find a company that offers a software solution with strong potential, they can support it with capital and expertise.
Technology in Supply-Chain Management
Technology is essential to the future of any sector. Big data, cloud computing and machine learning are key to providing the means to make supply-chain management and online trading processes more efficient, reliable and secure. Sparkasse’s portfolio of technology-driven services also includes assistance with the integration of such services. The head of Sparkasse Malta’s retail business says that his organization is all about “consistent, reliable service.” However, the operation’s customers also expect instant and swift responses to their demands.
Investments in Logistics and Supply-Chain Tech
One area that is vital to Sparkasse Bank’s ambitions to disrupt the logistic software space in Europe is the intelligent warehouse (IW) concept. We would like to empower industry participants to collect, make sense of and act on all the data that is generated in the IW, as well as to create a platform to connect them to the people who can transform this data into useful insights. Sparkasse Bank believes that building an intelligent warehouse is a significant challenge for the industry.
Currently, logistic leaders mostly utilize RFID (radio frequency identification) or other passive solutions to track and report on products and goods being delivered to a warehouse. As a result, the role of inventory and order managers is mostly confined to the selection and booking of goods into the warehouse.
How Technology is Changing the Industry
Traditional logistics companies have traditionally relied on maintaining and updating a multitude of spreadsheets to track inventory and sales across the various stakeholders of their supply chain. Today’s technology allows companies to achieve substantial efficiency gains by integrating their supply chain with global digital marketplaces, and is transforming the process of inventory management for many companies and major players in the logistics industry.