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.
In Supply Chain, AI/ML-based regression models would automate the demand planning and supply projection process to a great degree and would require minimum human intervention. Human intervention would be required to review and modify the plans. AI system will continuously learn from each of the human interventions and would continuously improve with experience.
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.
Introduction 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. Additionally, companies […]
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.
A Virtual Supply Chain (VSC) is the informational representation or data visualization of the organization’s physical supply chain network. This includes, though is not limited to manufacturing plants, warehouses along with the supply chain components of the extended enterprise viz. customers, suppliers, logistics providers and so on. Just as a virtual model of an architect’s drawing allows the construction and client teams to walk through a design, a VSC allows the supply chain planners an overall view of the operations with the ability to zoom in on various areas of interest.
Does your Supply Chain suffer from boiling frog syndrome?
Anecdote regarding Boiling Frog Syndrome is widely known. A frog placed in boiling water will certainly jump out. What if the frog is initially placed in cold water and the water is gradually heated up? The results are going to be different.
Doеs Supply Chain limit your businеss potеntial? Rеply from a lot of organizations has bееn YЕS.
