Thanks to Covid-19 almost every supply chain is being re-examined to become more resilient. But there is only so much you can do! There are external factors over which you have no control such as demand changes, up or down, tariffs or dock worker strikes!
Supply Chain Planning
The concept of supply chain digital twin has become very popular in recent years. It is essentially a digital model of your supply chain intended to be the foundation for companies to plan and operate their supply chain digitally and autonomously.
Many companies have or are in process of implementing S&OP solutions aiming to digitalize their supply chains. S&OP is essentially a high level rough cut and long-term model of the supply chain.
Robots are known to perform repetitive jobs that can be pre-programmed. However, AI/ML involves decisions and reasoning, i.e. intelligence.
The traditional concepts of sole focus on inventory levels, lower cost of operations and shorter lead times are not necessarily the top design choices. Supply chain resiliency is.