Today’s supply chain is almost like a moody teenager, you never know what can come up. They’re complex with varying compliance requirements, logistical challenges, huge supplier networks and customers spread across the globe.
Despite well-defined plans, production programs and logistics structures; discrepancies and inconsistencies occur without much warning. The issues that occur eventually adversely affect your overall operational efficiency and customer satisfaction levels.
When you’re fighting against time and uncertainties having powerful tools and solutions to offer information without delay is key. Combining timely information with AI and predictive analytics can help you strategize, everything from facility and job allocation to material procurement and end-customer product delivery.
For example, let’s consider processing of an order. In a real-time supply chain built with integrated information systems and high-speed communication infrastructure, order data is simultaneously shared among supply chain partners including warehouse, factory and supply yards. Having access to the order data improves collaboration and coordination of supply chain activities.