OPERATIONS & SUPPLY CHAIN CONCLAVE, 17TH JUNE, 2022
Intelligent Supply Chains
As we step into the post-Covid world, we realize the importance of shifting to an integrated and intelligent Supply Chain from the earlier silos. Capturing and combining data from different business applications (inventory, manufacturing, and distribution) and accurate time information from the market provides a 360-degree supply chain visibility to the companies and enables them to optimize decisions. AI, ML, and data analytics allow real-time collaboration with multiple supply partners and reduce costs and supply chain risks. In addition, predictive analysis can help organizations predict the upcoming demand and be more agile. For example, Mahindra & Mahindra, with the help of Blue Yonder, was able to increase forecast accuracy by 10%, which in turn contributed to a 10% increase in service levels and a 20% decrease in inventory investment. While Pfizer's data analytics has enabled it to identify opportunities to reduce cycle time by up to 10% in some manufacturing areas. Also, Pfizer's Global Supply – Digital Operations Centre (DOC) played a crucial role in BioNTech covid vaccine manufacture and supply globally.
An intelligent Supply Chain is imperative to overcome the disruptions in Supply Chain that we have seen in the recent past and meet the challenge never seen before.
- Challenges in implementing an intelligent supply chain concerning cost, data sharing, and security
- To identify the suitable models of data handling for an intelligent supply chain.
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