The second day of the Council of Supply Chain Management Professionals (CSCMP) Annual Conference opened with a focus on leading and responding to disruptions in the marketplace.
Seth Bodnar, digital technology officer for GE Transportation, talked about how software, data, and analytics are transforming the industrial marketplace. It's a matter of "either disrupt or get disrupted," Bodnar said.
As an example, Bodnar pointed out that most people think of locomotives as large hunks of black metal puffing down the track. GE Transportation, however, is "turning locomotives into mobile data centers." Embedded with more than 200 sensors, these engines use analytics to drive more efficiently.
He also described how GE is becoming a "digital industrial" company and hopes to be known as a top 10 software company by 2020. "The software revolution is now meeting the industrial revolution," he said.
Bodnar offered some operating principles for this new era:
CSCMP also took a moment during the main morning session to recognize past supply chain disruptors by inducting Henry Ford, J.B. Hunt, and Malcom McLean into the newly created Supply Chain Hall of Fame. Henry Ford was recognized for his success at implementing mass production ideas and revolutionizing manufacturing. J.B. Hunt was honored for helping to pioneer the concept of intermodal shipping, and Malcom McLean for creating the modern shipping container.
The conference continues tomorrow with three "mega sessions" on business intelligence, innovation, and last-mile delivery.