There is a lot of buzz around the supply chain industry with new technologies and trends disrupting the industry. With so many consultants, each advocating for their favorite trends, it can get confusing. Here are what I think are the three most important trends supply chain leaders need to pay attention to in 2018 in order to succeed in their industries.
2. The Convergence of Planning and Execution
We live in such a fast paced world, that the plans of
yesterday no longer meet the needs of today
Drops or surges in demand need to be acted on in
real time
You need to be able to react to issues as they
happen, not when you would otherwise find out
after the fact
3. End-to-End Visibility, Optimization, and Execution
You need control towers to have 20/20 vision
into your supply chain
Seeing stock levels helps avoid shortages or
customer frustration
Additionally, you can’t optimize your stock if
you don’t have visibility and see demand in
real time
4. Embedded Intelligent Autonomous Agents
Embedding Intelligent Autonomous Agents into the
execution layer allows you to automate your supply chain
These agents can do all the heavy lifting in planning
responses to accidents or issues that arise
They will not only plan a response, but also execute on it,
making sure you have no hiccups in your supply chain
But if you’re unsure about their plan you can intervene to
solve the problem yourself
5. Key Requirements for an Intelligent Autonomous Agent
Access to Real-Time Data
Access to Multi-Party Data
Support for Network-Wide Objective Functions
Decision Process Must be Incremental & Consider the Cost of
Change
Decision Process Must be Continuous, Self-Learning, & Self-
Monitoring
AI Engines Must be Autonomous Decision-Making Engines
AI Engines Must be Highly Scalable
Must Have a Way for Users to Engage with the System
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