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Published 1 month, 4 weeks ago

Tech IBM Published by J. Doe

How the Bar Code Created the Modern Supply Chain

Over the last 50 years the UPC has given rise to the modern supply chain as we know it—and continues to play a vital role in supply chain management. However, as supply chains have become increasingly more complex, the tracking and management tools we use are also more sophisticated. IBM is now using new technologies like AI and blockchain, supported by hybrid cloud, to assist companies as they navigate the complexities of today’s supply chain. Yet the COVID-19 pandemic added further layers of complexity to global supply chains: How do you keep sufficient inventory of high-demand products? How do you get the right inventory supply demand in the right location? How do you detect when there’s a sudden change—either in demand or supply, in production or in transportation—and quickly change your plans?

Original article

Feb 14, 2021 at 18:26

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How the Bar Code Created the Modern Supply Chain

PUBLISHED

Dec 09, 2020 by IBM News

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How do you get the right inventory supply demand in the right location?
How do you detect when there’s a sudden change—either in demand or supply, in production or in transportation—and quickly change your plans?
This is a consult-to-operate approach that utilizes AI-augmented capabilities to enable enterprises to sense and respond to change, maintain continuity during disruptions, foster constant collaboration between disparate teams and external partners and shift from demand response to predictive demand creation.
Forecasting demand using historic data and often incomplete data sets often means either surpluses of unwanted inventory, or a dearth of needed materials in high-demand times.
Complex processes and siloed departments with different objectives can reduce incentives for internal departments to respond to changes in the supply chain or demand.
Continuous Intelligent Planning will not only help you stabilize your current network and make it more resilient to external shocks, it will also enable you to turn your attention forward, so you can anticipate demand and meet it, rather than scramble to supply demand behind the curve.

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