A good way to think about how augmented reality will transform the supply chain is to apply the way ridesharing service Uber allows users to view where a driver is on a map to a business context.
As soon as a ride is booked, users can follow the car from its departure point to its destination. A more advanced version of this technology, drawing on these augmented reality tools, will soon help power optimised supply chains, allowing businesses to view all the supply chain's moving parts, giving them the ability to know exactly where their goods are in real time.
Augmented reality is only one of the emerging technologies that will underpin the supply chain of the future. Other new practices such as radio frequency identification (RFID), which uses minuscule computer chips to track items, are also critical.
Another tool that will transform the supply chain of the future is additive manufacturing, which is the industrial application of 3D printing.
The ultimate benefit of these technologies is better inventory management, which means improved profits down the track. "The supply chain revolves around inventory; having the right stock in the right place at the right time is fundamental," Lorge said.
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