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When Levitt made his insight public, manufacturers often dictated what the market would receive, leaving customers with little other choice than take it or leave it. As a general definition, a 3PL helps a company to get its offering, conceived in place A, into the hands of its customers in place B.
Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors. Of course, its also possible to add further tiers for even more granularity, but again, the more levels you have, the more complex your KPI solution.
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI).
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