Tag: digital twin

Supply Chain Situational Awareness: Project Approaches to Unlocking Value

As companies look to achieve live supply chain situational awareness (SCSA), three project approaches to deliver a solution and business value are emerging: In-house project approach – Best of breed solutions and partners for a project managed internally Led by IT team with support from line of business users Requires heavy system integration Multi-vendor approach for core capabilities Outsourced project approach – Vendor managed services program Led by 4PL, consulting group, or system integrator Little…
Read more

Investors are grilling the C-Suite about Supply Chain Resiliency

As enterprises, economists, and analysts of all stripes are assessing the impact of COVID-19, early research and trend analysis of Q2 Financial Earnings reports and analyst calls has shown a marked difference in the topics that the C-Suite is openly discussing as having impacts on earnings. Of what should be little surprise, Supply Chain topics saw a 280% increase in talk time compared to Q4-19, while topics such as implementing or better leveraging Digital Twins…
Read more

Big Data, the Pandemic, and Supply Chain Evolution

In a room with the faint odor of formaldehyde, your biology teacher has “Punctuated Equilibrium” underlined on the chalkboard and begins drawing branching charts jotting down a few bullet point call outs at the splits as they describe what really drives changes and innovation in supply chain operations: massive selection pressure from external events. Wait, what? As a reminder to those of us who’s biology classes are now a distant memory, in a nutshell, punctuated…
Read more

Modern Supply Chains and the Ancient Mariner’s Dilemma

“Water, water everywhere, Nor any drop to drink,” Samuel Coleridge wrote in 1798. While ostensibly describing the sailor’s dilemma of being on the Sea, Coleridge was quite accurately predicting a future he couldn’t imagine: our supply chains generate and are surrounded by massive amounts of data, but it’s almost entirely unpotable. As an illustration of the problem, early on in our engagement with a global pharmaceutical company, they described their issue as such: “On average,…
Read more