The supply chain is enabled in large part by technology. And as that technology continues to inhabit more and more diverse parts of the system it becomes even more important to understand how it can impact operations. The internet of things (IoT) is a now familiar concept as both businesses and consumers see computerized functions attached to everything from street lights to toothbrushes. Here’s an update on how those little devices are becoming more like full fledged computers and what you can expect from that.
Imagine if you could always see your whole supply chain, pinpoint at any time which distributor or location from which it’s best to purchase materials, and then determine immediately which of all the sites is best to produce the material? The result would streamline the supply chain, and with AI, it’s possible.
Black Friday 2018 is in the rear view mirror and whatever your results are they depended largely on the state of your supply chain. So now is the time to take a look at what happened while there still may be a few days to make adjustments before the final days of the retail shopping year.
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