Q9-6 What New IS Will Affect the Procurement Process in 2031?

Question 1

What new IS technologies are expected to impact supply chain processes by 2028?

Answer 1

The new IS technologies expected to impact supply chain processes by 2028 include:

Analytics
AI/Robots
3D Printing

Question 2

How will analytics impact supply chain processes?

Answer 2

Analytics will be used in supply chains to:

Improve forecasting accuracy.
Identify risks.
Optimize inventory levels.
Evaluate creditworthiness of suppliers.
Reduce costs and detect fraud.
New data sources, such as IoT, social media, and public data, will enhance analytics capabilities.

Question 3

What is the role of AI and robots in supply chain management?

Answer 3

AI and robots will:

Improve customer support via chatbots.
Enhance route planning using real-time traffic data.
Use driverless vehicles in warehouses and shipyards.
Automate the movement of inventory during unloading, storage, and picking.

Question 4

How is 3D printing expected to impact supply chains by 2028?

Answer 4

3D printing (additive manufacturing) will:

Create parts for machines and prototypes.
Enable decentralized production, allowing products to be manufactured closer to their consumption points.
Make supply chains greener and more efficient by reducing waste.

Question 5

What is a buy-in in estimation ethics?

Answer 5

A buy-in occurs when a company agrees to produce a system or product for less money than it knows the project will require.

The company accepts the lower cost with the hope of recovering the additional expenses later, but this often involves deceit.

Question 6

How might 3D printing technologies contribute to more sustainable supply chains?

Answer 6

3D printing can contribute to sustainable supply chains by enabling firms to manufacture parts and products closer to where they are needed, reducing the reliance on centralized mass production and cutting down on transportation emissions. This also leads to less material waste.