Digital World

The growing vulnerabilities within supply chain management have underscored the need for supply chain data analytics . Supply chain data analytics plays a pivotal role in shaping the success journeys of organizations. Supply chain management involves myriad challenges, which only accentuates the importance of supply chain data analytics . Let us dig deep into how supply chain data analytics can benefit organizations. Mitigate Inventory Costs through Demand Sensing Supply chain data analytics can help organizations add value by gaining a clearer picture of their day-to-day operations. This is where predictive analytics comes into play for forecasting future demand. For a long time, organizations had to bank on past orders for estimating future demand, which means the decision-making of organizations was not aligned with future demand trends. Today, organizations can combine all their previous order data with real-time market analyses to create dynamic demand forecasts that pro...

Supply chains play a key role in how the success journey of organizations is shaped. Effective management of supply chains is a must-have for organizations given the fact that supply chains have to grapple with disruptions, demand-supply imbalances, and changing customer expectations. Organizations are looking to raise the efficiency bar across their supply chains. And to address the various supply chain challenges across the globe, one area that has grabbed eyeballs is supply chain data analytics . Supply chain data analytics can play a massive role in driving enhanced efficiency across organizations. Supply chain data analytics can do a world of good to organizations in ensuring access to end-to-end touch point visibility, which always has been a big pain point for organizations. Supply chain data analytics can be an enabler for organizations to deliver an elevated customer experience, reduce operating costs and augment profitability. Given the connected ecosystem of present ...

Global supply chains had to endure a lot during the outbreak of Covid-19. Even before the arrival of the pandemic global supply chains was bogged down by long-standing challenges, and it will not be a sweeping statement to make if one says Covid-19 broke the back of even the most well-established supply chains. One thing that stood out amid Covid-19 challenging times is the importance of supply chain visibility. Supply chain visibility has become a matter of increasing importance for organizations across the globe. Organizations are cognizant about the fact that supply chain visibility holds the key toward delivering enhanced profitability, accelerated customer experience, and lower operating costs.One has to understand that exceptional, unforeseen events can challenge even the best of supply chains. To put it straight – no supply chain can claim that they have all the answers to such unforeseen events that crop up from time to time. Never before, access to real-time data has got s...

The trail of destruction triggered by the outbreak of Covid-19 has reiterated the long-felt need for organizations to deepen visibility across their supply chains. As we are all aware global supply chains have been consistently bogged down by disruptions ranging from natural disasters to geopolitical issues and the Covid-19 pandemic was a disruption of monstrous proportions, leaving a wave of devastation all around. Indeed, the scourge of the Covid-19 pandemic has brutally exposed how susceptible global supply chains actually are and how this unprecedented situation has resulted in revenue leakage, customer churn, and dwindling market value for organizations. If various industry experts are anything to go by, the impact of Covid-19 was gargantuan simply because of the interconnected nature of global supply chains. These Covid-19-induced troubled times have made it an absolute business necessity for organizations to leverage new-age supply chain technologies that can go a long way in ...

It has been for many decades now that global supply chains have been bearing the brunt of disruptions, be it natural disasters or geopolitical issues. The Covid-19 pandemic has brought to the fore vulnerabilities in supply chains, which resulted in revenue loss, customer churn, and diminished market value for organizations. Covid-19 has reiterated the need for organizations to embrace new-age supply chain technologies in their bid to build future-ready supply chains, which will not only help organizations ride out any supply chain storm, but also stay well equipped to thrive in the future. Of course, the telling effects of the coronavirus have compelled organizations across the globe to take a hard look at their existing supply chain models and accelerate measures to focus on core elements of risk management, business continuity planning, and technology innovations in their overall supply chain strategies.The unprecedented times have made it imperative for organizations to identify ...

The trail of devastation unleashed by the outbreak of Covid-19 has broken the back of many well-established supply chains , thus reiterating the need for organizations across the globe to deepen visibility across various touch points. And this brings into play the much-talked-about 5G technology – a technology that promises a lot to drive supply chain innovation. The technological capabilities of 5G technology bring so much to the table in propelling supply chain innovation. 5G for supply chains ensures ultra-low latency, exponentially faster data speeds, more reliability, massive network capacity, increased availability, more uniform user experience, etc. 5G can facilitate supply chain innovation by offering speeds up to 100 gigabits per second and is said to be as much as 100 times faster than 4G. This technology can be deployed at a lower cost than in the past driving higher productivity through more advanced technology implementation and greater connectivity, speed, and reliabil...

The power of 5G is immense and promises to drive enhanced efficiencies across supply chains . Global supply chains are grappling with a myriad of challenges such as real-time visibility, demand-supply imbalances, and fast-changing customer expectations. The emergence of digital technologies has a gargantuan potential to ensure supply chains are more efficient, cost-effective, and error-free. This brings into focus the might of 5G technology and how it can drive supply chain innovation by helping organizations ensure their supply chains are agile, resilient, and future-proof. 5G for supply chains is not a nice-to-have thing but an absolute business imperative for organizations looking to put in place future-ready supply chains that can effectively deal with disruptions along the way. Let us try and understand where there is so much talk about the 5G technology enabling supply chain innovation. Well, it is largely because 5G carries several positive attributes over 4G. The 5G techno...

According to WTO, global merchandise trade in 2020 fell by 13% to 32% due to the Covid-19 crisis and disruptions. The biggest impact was on North American and Asian economies, and much of it can be put down to the massive global disruption of long-established supply chains . Existing supply chains were always susceptible to disruptions and had in the past, floundered in the face of geopolitical changes and natural disasters. However, Covid-19 exposed their inherent weaknesses to a deeper level and in a more sustained manner. The resulting loss of revenue, customer churn, and diminished market value have forced organizations across the globe to rethink their existing supply chain models. This has created a pressing need for organizations to adopt next-gen supply chain technologies to ensure business continuity in the face of global disruptive events. Organizations are increasingly focusing on rebuilding their supply chains to be more robust and resilient versions of their past stru...

Supply chain innovation is the need of the hour given the challenges global supply chains face, in terms of lack of real-time visibility, demand-supply imbalances, and changing customer expectations. This is where the 5G technology can drive supply chain innovation by helping organizations ensure their supply chains are agile, resilient, and future-proof .   5G for supply chains is no more a buzzword but rather a business must-have for organizations to make their supply chains sustainable. Why is there so much hype about 5G driving supply chain innovation? Well, it is because 5G is smarter, faster, and more efficient than 4G. 5G for supply chains can be a potential game-changer for the strong differentiators it brings to the table.   5G for supply chains ensures ultra-low latency, exponentially faster data speeds, more reliability, massive network capacity, increased availability, more uniform user experience, etc – what’s more, it can facilitate supply chain innova...