In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced analytics, and enabling real-time visibility.
Supply chain leaders today can not only analyze the past and present to determine the likelihood of outcomes, but can also look to the future to manage them — a practice known as prescriptive analytics.
AI, digitization and orchestration are among the most important developments in supply chain today, says Omer Rashid, vice president of operations development at DHL Supply Chain.
In today's dynamic business landscape, organizations invest substantial resources in formulating robust strategies to gain competitive advantage and drive growth. However, a significant gap often exists between strategic planning and effective execution, impeding the realization of intended outcomes.
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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