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Industry 4.0: How digitization makes the supply chain more efficient, agile, and customer-focused

#artificialintelligence

If the vision of Industry 4.0 is to be realized, most enterprise processes must become more digitized. A critical element will be the evolution of traditional supply chains toward a connected, smart, and highly efficient supply chain ecosystem. The supply chain today is a series of largely discrete, siloed steps taken through marketing, product development, manufacturing, and distribution, and finally into the hands of the customer. Digitization brings down those walls, and the chain becomes a completely integrated ecosystem that is fully transparent to all the players involved -- from the suppliers of raw materials, components, and parts, to the transporters of those supplies and finished goods, and finally to the customers demanding fulfillment. This network will depend on a number of key technologies: integrated planning and execution systems, logistics visibility, autonomous logistics, smart procurement and warehousing, spare parts management, and advanced analytics. The result will enable companies to react to disruptions in the supply chain, and even anticipate them, by fully modeling the network, creating "what-if" scenarios, and adjusting the supply chain in real time as conditions change. Once built -- and the components are starting to be developed today -- the digital supply "network" will offer a new degree of resiliency and responsiveness enabling companies that get there first to beat the competition in the effort to provide customers with the most efficient and transparent service delivery. At most companies, products are delivered to customers through a very standardized process. Marketing analyzes customer demand and tries to predict sales for the coming period. With that information, manufacturing orders raw materials, components, and parts for the anticipated capacity.


top-ways-that-will-reshape-supply-chain-and-logistics-in-2020

#artificialintelligence

It has been a historic decade for the global logistics industry. The market has become enormously throughout the years and there have been huge enhancements in logistics infrastructure worldwide; on account of digitization and noteworthy solutions in supply chain and logistics. Technological headways have fortified the capacities and working of each component of logistics, directly from bundling and marking to shipment, transportation and last-mile conveyance. Changes in shopper requests, the ascent of web based business and savage market rivalry have additionally empowered a fast transformation of the industry. The time of more intelligent and faster logistics has quite recently started.


Building Resilient Supply Chain With Integrated Business Planning

#artificialintelligence

Supply chains across the globe experienced fragility on an unprecedented scale due to the onslaught of the COVID-19 pandemic. No business was able to completely evade the wrath brought in by the pandemic. Though disruptions in supply chains are inevitable, the need of the hour is to plan and tackle the challenges in an intelligent manner and to build resiliency for the future. Enterprises are now bringing in processes, people and technology together to become flexible and adapt quickly to ever-changing conditions across supply chains. In a recently concluded roundtable organised by SAP in association with BW Businessworld and CII, top leaders working in the world of supply chain management discussed several topics including the role of intelligent supply chains, increased online consumption of goods, changing consumer attitude, increasing demand from tier-II/tier-III cities, and challenges of reverse logistics.


top-ways-that-will-reshape-supply-chain-and-logistics-in-2020

#artificialintelligence

It has been a historic decade for the global logistics industry. The market has become enormously throughout the years and there have been huge enhancements in logistics infrastructure worldwide; on account of digitization and noteworthy solutions in supply chain and logistics. Technological headways have fortified the capacities and working of each component of logistics, directly from bundling and marking to shipment, transportation and last-mile conveyance. Changes in shopper requests, the ascent of web based business and savage market rivalry have additionally empowered a fast transformation of the industry. The time of more intelligent and faster logistics has quite recently started.


How Does Digitization Accelerate Supply Chain?

#artificialintelligence

How Does Technology Accelerate Supply Chain? While digitalization is affecting the transportation and logistics industry, new technologies are reshaping the market, influencing all stages of the supply chain and contributing to cost reduction and efficiency gains. Manufacturers and other assets – intensive organisations work to innovate, use technologies, discover new skills and help each other in every possible way. Continuous intelligence is key to accelerating the pace of innovation in the world's largest and most complex supply chains. In the face of increasing product complexity and customer demand, companies are turning to advanced technologies to transform their supply chains from pure operational hubs to epicenters of entrepreneurial innovation.