Retailers, Manufacturers and Logistics Operators have been disrupted by not being able to quickly recast and optimize their supply chains.
They have discovered weaknesses often due to technology gaps. Traditional approaches to manage the distribution, production, and planning of components and items aren’t working anymore.
Scarces of incoming materials, delays, reduced workforces, along with the need to produce and ship bulk quantities instead of smaller but more frequent batches, have put under pressure the entire system to respect contracts and deliver on time.
We explore 6 ways retailers, manufacturers and logistics operators can redefine operational excellence and take their supply chain ecosystem to the next level:
1. Reliable alternative choices of suppliers
2. Realistic customer demand
3. An efficient Material Requirements Planning (MRP)
4. Optimization and reduction of production waste
5. A more reliable risk assessment
6. Real-time AI and end-to-end tracking based on IoT
Key Learning Objectives
- Ensure end-to-end transparency across the supply chain
- How AI on data can anticipate supply chain issues
- How to Increase visibility and deliver insight to your customers (mitigate unhappy customers)
- How to real-time track your items with IoT How the optimization of the production can help the supply chain
