In India, most organizations have an ERP system wherein they tend to maintain track of their work but even with such an effective system, there seems to be a work redundancy. These redundancies not only waste precious resources but also waste man-hour which could have been effectively utilized into some other work.
To emphasize the importance of building a digital twin of the Physical Supply Chain using technologies like IoT, AI/ ML, Blockchain etc. that will enable the enterprises to unlock data from existing systems and thereby, strengthen and improve the visibility of the Global Supply Chains to manage disruptions and expand markets.
As markets, technologies and competitive forces are hanging at a very increasing pace, it’s important for the organization to align and adapt to this process. The confusion or inability is bought to the surface when these winds of faced by force field effect from the organization’s rigid mindsets and become complex when they do not have the ability or pace up with the same rate as the market volatility of change.
