An intelligent digital supply chain is a supply chain that uses digital technologies and data analytics to guide decision-making, optimize performance, and quickly respond to changing conditions. It is a more advanced form of digital supply chain that leverages artificial intelligence (AI), machine learning (ML), and other advanced analytics to gain deeper insights into the supply chain and make better decisions.
The benefits of an intelligent digital supply chain include:
- Improved visibility: The ability to see end-to-end visibility of the supply chain, from raw materials to finished goods, can help to identify and mitigate risks, improve efficiency, and optimize decision-making.
- Increased agility: The ability to quickly respond to changes in demand, supply, or other factors can help to improve customer service and reduce costs.
- Enhanced resilience: The ability to withstand disruptions, such as natural disasters or cyberattacks, can help to protect the business and its bottom line.
- Reduced costs: The ability to optimize processes and eliminate waste can help to reduce costs throughout the supply chain.
- Improved sustainability: The ability to track and manage environmental impacts can help to improve the sustainability of the supply chain.
Some of the technologies that are used in intelligent digital supply chains include:
- Artificial intelligence (AI): AI can be used to automate tasks, make predictions, and identify patterns.
- Machine learning (ML): ML can be used to train models to make predictions and decisions.
- Big data analytics: Big data analytics can be used to analyze large amounts of data to identify trends and patterns.
- The cloud: The cloud can be used to store and process data, as well as to run applications.
- Real-time connectivity: Real-time connectivity allows for the exchange of data between different parts of the supply chain in real time.
The implementation of an intelligent digital supply chain can be a complex and challenging process. However, the benefits can be significant, and many businesses are already taking steps to implement these technologies.
Here are some examples of how intelligent digital supply chains are being used in practice:
- Walmart: Walmart uses AI to predict demand for products, optimize inventory levels, and improve its transportation network.
- Amazon: Amazon uses machine learning to recommend products to customers, personalize the shopping experience, and optimize its fulfillment centers.
- Nike: Nike uses big data analytics to track the performance of its products and supply chain, identify trends, and make better decisions.
- Nestlé: Nestlé uses real-time connectivity to track the movement of its products, monitor the quality of its ingredients, and ensure food safety.
Big Data, IoT and Supply Chain Information.
- 5 digital supply chain experts on benefits of IoT.
- A Brief History of Big Data.
- Blockchain, How it works.
- Deep Learning: Big Data Intelligence.
- Dilbert Lean Six Sigma.
- Internet of Things IoT Logistics: Connected World.
- IoT Supply Chain Management.
- Omnichannel Retailing | The Digital Store of the Future.
- Smarter Supply Chains: Leveraging IoT and Big Data.
- Somali Pirates VS Ship Security Compilation 2017.
- The Story of Steve Jobs and Tim Cook You Didn’t Know About.
- The Supply Chain Predictive Enterprise.
- What is a Digital Supply Chain?
Reaching Industry 4.0 with Artificial Intelligence
What is a Supply Chain Control Tower?
IoT Blockchain Convergence – Supply Chain Today
The Future is Artificial Intelligence.
Can Robots Fix Inflation, Supply Chain and Labor Issues?
How Construction Automation Can Keep Projects On Time And Under Budget.
Digital Supply Chain Quotes
- “If you don’t have standardized processes how are you going to provide a consistent way to automate them?” ~SupplyChainToday.com
- “If your current systems are giving you inaccurate reports will investing in big data mean you will still get inaccurate reports but just with more data?” ~SupplyChainToday.com
- “Think of a 3D printer as your TV. The same way your TV streams movies your 3D printer could download plans to make any product in your warehouse. Is the future of warehouses the same as video stores.” ~EverythingSupplyChain.com.
- “I have more respect for the fellow with a single idea who gets there than for the fellow with a thousand ideas who does nothing.” ~ Thomas Edison.
- “Imagination is everything. It is the preview of life’s coming attractions.” ~ Albert Einstein
- “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ Jonh Steinbeck
- “You want to be extra rigorous about making the best possible thing you can. Find everything that’s wrong with it and fix it. Seek negative feedback, particularly from friends.” ~ Elon Musk
- “Lets go invent tomorrow instead of worrying about what happened yesterday.” ~ Steve Jobs
- “Imagination is everything. It is the preview of life’s coming attractions.” ~ Albert Einstein
