According to a Gartner survey, “in two to five years a quarter of companies plan to be doing some autonomous planning. Over the same period, 97% of companies plan to have some form of automation in their supply chain decision making.”
Intelligence is a relative concept and hard to define. When it comes to number crunching and speed of calculations, machines do much better than humans. By the fact that we attribute the mathematical ability to intelligence, machines must be very intelligent!
Unified Data Model is more than a so called “single data model.” One single model in memory unlike unified data model cannot expand and contract to lower levels of detail and higher levels of planning.
Dalsa has been using Adexa planning applications for many years to overcome their business challenges such as on-hand inventory reduction, meeting customer requested date and capacity allocation for the demand load and engineering forecasts.
Digitalization requires a digital twin of your supply chain, i.e. a digital representation of the physical world. Our terminology is a “Digital Mirror” to focus on every little aspect of your environment.
Supply chains need to be digitalized to become resilient not to just react and respond. Predicting potential issues and being ready is very different from virtually running around performing what-if this and what-if that!
Everyone is aware of potential risks in running a supply chain but what is the process by which you evaluate that risk? And, figure out the alternative solutions to lessen or eliminate it?
Planning is all about risk mitigation. Risks come in many forms: too much inventory, too little inventory, not enough to meet the demand, delivery interruptions because of weather, supplier issues, Acts of God, sanctions, labor disputes and so on.