Unified Supply Chain Intelligence Data, AI, Cloud, and Operations Synergy
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Abstract
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The financial impact resulting from traditional supply chain issues, estimated annually to be $200-$300 billion, has been compounded by the effects of recent supply chain disruptions such as the Panama Canal droughts and the semiconductor shortage. In this article, we will introduce the concept of Unified Supply Chain Intelligence, which brings together several technologies and processes to allow for self-optimizing supply chains, including: IoT/ERP Integration; AI/ML for predicting ETAs; Cloud Infrastructure; and Autonomous Operations. The article will include real world examples of companies that have gained significant Return-On-Investment from Unified Supply Chain Intelligence, including Siemens who achieved 98% Factory Uptime, and Walmart who reduced Stockout by 45%. Additionally, an Implementation Framework is provided to help organizations navigate through the challenges that arise because of implementing Unified Supply Chain Intelligence, including Privacy and Change Management, and will focus on four areas of focus to implement the technology: Assessment; Data Unification; AI Pilot Programs; and Cloud migration. Finally, the article will suggest that supply chain leaders need to monitor KPIs and investigate high ROI Use Cases to ensure their supply chains remain valuable strategic assets going forward.