According to the results of our recent survey conducted in partnership with Pharma IQ one of the dominant challenges global enterprises face while improving supply chain transparency is harnessing and harmonizing data. Many business leaders question if Perfect Supply Chain Data is a dream or reality? When the Ever Given container ship was stranded in the Suez Canal in March 2021, the importance of access to real-time information along supply chains was emphasized, particularly in…
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When confronting the impossibility of being unable to plan for an event that we don’t know could happen, the answer must be to have systems and processes in place that allow us to respond to a rapidly changing landscape and ‘get to the left’ of a disruption, keeping good options on the table for longer. In critically acclaimed author Iain M. Banks Culture series, a far future, post scarcity, interstellar civilization has turned all their…
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Digital transformation is an exciting phase in the evolution of business automation and value creation enabled through enhancements in mathematics, software and hardware. It’s all about further extending information, intelligence and automation to drive value. Traditionally, companies used latent technologies like Electronic Data Interchange (EDI), along with legacy supplier and customer collaboration platforms, based on static or latent data, to drive value. These solutions can improve collaboration and shorten decision cycle times, but they produce…
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Machine learning is not a new topic nor is it new to supply chain. However, it has been garnering a lot of attention within supply chain due to its transformational business potential. Whatis.com defines machine learning as “a type of artificial intelligence (AI) that allows software applications to become more accurate in predicting outcomes without being explicitly programmed. The basic premise of machine learning is to build algorithms that can receive input data and use…
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