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With its ability to monitor conditions across the supply chain at every node and touch point digitalization provides the only practical solution. They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. billion to $23.07
However, the rapid shifts that companies are going through given the aforementioned trends, progressive companies are laying a robust data foundation and enabling a digital twin of the physical supply chain so they can conduct Design exercises on demand with increasing frequency. Wanted to share these thoughts here.
Event-driven IBP – technological capabilities to monitor internal and external events (Supply Chain Control Tower) in real time. Contextualize and quantify event impact and be able to trigger re-plan in an integrated supply chain planning solution to create an executable and feasible plan.
On the breadth dimension, we have a spectrum that includes point solutions out to alerts over a much broader range of events. But there is a trend for SCCN solution suppliers to provide both broader solutions, and have more alerts based upon real-time feeds or even be predictive.
Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. Globalization, nearshoring and friendshoring trends are amplifying the supply chain risks. This is where AI can make all the difference.
ASCM, the global leader in supply chain organizational transformation, innovation and leadership, provides industry professionals with essential insights about the global technologies, trends and innovations. Throughout the event, attendees will have a variety of opportunities to connect with other industry leaders from around the world.
What factors are driving this trend? The EDI transactions would feed milestone events into the company’s transportation management system (TMS). The ability to connect the dots between the nodes in that ecosystem is the next step forward in visibility.
The IBM-Maersk joint venture, for example, aims to “digitize the global supply chain from end-to-end,” creating a “shipping information pipeline [that] will provide end-to-end supply chain visibility to enable all actors involved in managing a supply chain to securely and seamlessly exchange information about shipment events in real time.”.
Market trends also continue to evolve faster than ever. There is also the question of rising uncertainty caused by unpredictable events on supply chain performance. Location intelligence – Provides the accurate placement of supply chain nodes, warehouses, and distribution hubs.
If existing scenarios and events have triggered an assessment of your supply chain flow, you’re operating with a reactive design. If on the other hand, you’re considering events that aren’t in the process of happening right now, you’re proactive instead. Times Have Changed For Supply Chains.
Concurrency combined with AI is the breakthrough, because it connects islands of isolation and aligns the nodes of your supply chain. One trend is AI moving from “artisanal to industrial,” as companies adopt platforms with the capabilities they need already built in.
Over the last 30 years, I have seen dozens of technology trends predicted as the Next Big Thing, and then disappear into the abyss of innovation. Now more than ever, the challenge for logistics leaders is to capitalize on the right technology trends at the right time, to measurably improve their efficiency or revenues.
Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems. Being an unanticipated event, they found it very difficult to find alternate suppliers for their products. Determine the ideal number of nodes and warehouse service level.
And secondly, is it wise to build ever more distribution centres, vital nodes in the economy of the nation, on increasingly vulnerable, if attractively flat, flood plains? There may be unplanned events such as, a fire in the warehouse or perhaps a major product recall. Then there are planned peak requirements.
Blockchain is a distributed database that holds records of digital data or events in a way that makes them tamper-resistant. – as they move between supply chain nodes. In fact, some are calling it the most important invention since the Internet itself. What is Blockchain?
Hans Bert Bong, former head of finished vehicle logistics for Ford of Europe and now a logistics consultant, points to an evolution towards more proactive management of weather-related events in the automotive supply chain, much of which is already evident on the inbound side.
News & Events. |. Discuss the latest trends and solutions across the supply chain management landscape. Order sourcing process finds the optimal node from which order can be sourced; whereas scheduling determines when the order can be shipped or delivered. Social Media in Supply Chain.the new trend! White Papers. |.
WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Before we get into blockchain’s potential entry points into the supply chain ecosystem, let’s take a look at the two current trends in SCM *(Supply Chain Management): Dynamism SCM has evolved to become a huge, global ecosystem.
Theyre the central node in the omnichannel network, serving as distribution hubs for online orders, personalization centers for custom requests, and experience zones where brands come to life. Brand Community & Showcases Stores also serve as event spacesthink product launch parties, how-to workshops, or style consultations.
Cloud computing trends toward a single database that multiple nodes can access. These nodes don’t have to hold their own private copy of this database. Further, nodes holding copies of the blockchain receive constant updates. These nodes are distributed around the world.
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