With the emergence of new digital technologies such as Mobility, Big Data, Internet of Things, Cloud, Business Intelligence/AI, Machine Learning, etc., new and more abundant sources of data are available to improve supply chain planning and execution. Advancing in analytic maturity is the most significant competitive lever in the history of business. Why? Time. Advancing in analytics maturity takes time that many companies aren’t able to make up in a market race. -Rich Sherman, Senior Fellow, Supply Chain Centre of Excellence, Tata Consultancy Services
Blockchain, the technology underlying bitcoin, has some challenges to overcome. But the potential applications are so compelling, supply chain managers should quickly learn more about it and begin to conceptualize how it can be applied to their businesses.
The ability to work and manage your supply chain in real time is all about having access to the right data. Customer expectations have changed and, delivery commitments are now next day, or next hour – customers expect full visibility into the status of their shipment through all phases of the supply chain.
Today, the physical Internet is an amorphous construct, with its scope and limits undefined. If its full potential is ever realized, then it will have the power to transform the movement of goods and people.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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