Creating Real-Time Supply Chains
Just as the financial industry depends on the systematic analysis of real-time market data for trading decisions, some of the world’s best-known manufacturers and retailers are increasingly counting on accurate predictions from the analysis of real-time supply chain data to streamline operations, improve efficiency, cut costs and gain a competitive edge.
This is a complex process and not for the faint of heart. An integrated, real-time supply chain requires advanced management solutions as well as data analytics technology that can translate real-time reports into actionable insight. However, there’s a big payoff in real-time information that supports decision making and enables a more flexible environment in which supply chains can respond quickly to market dynamics and consumer demand.
A recent report from Bloomberg Businessweek Research Services titled Supply Chain Innovation Driving Operational Improvements illustrates how crucial innovative these supply chain tools are for corporations that want to meet performance expectations and complete complex processes. In addition, the Manufacturing Leadership Council and Frost & Sullivan recently released the results of a study titled Factories of the Future: Building Fast-Moving, Highly Automated Future Factories and Plants that details how manufacturers are embracing digital manufacturing, collaborative management structures and more real-time production models.
Some even go as far as saying that this trend could be the 21st century equivalent to the Industrial Revolution as companies increasingly experiment with ways to capture and analyze supply chain data for both short- and long-term advantage.
Click the links below to learn more.
Creating an integrated, real-time supply chain.
Building Fast-Moving, Highly Automated Future Factories and Plants
