<img src="https://secure.leadforensics.com/133892.png" alt="" style="display:none;">

Organizations across the world are looking for ways to revamp their businesses with renewed urgency today—thanks to the massive disruption the pandemic has caused (primarily) to their supply chains.

The pandemic has exposed the inefficiencies in supply chains that outdated technology, old business models and the reluctance of supply chain professionals to move to Cloud-based systems have caused. In an ecosystem where threats to the supply chain are not restricted to a pandemic—such as this—leaders are increasingly adopting digital capabilities to protect their supply chains from future natural/ intentional disruptions. In the ‘new normal,’ companies across industries are increasing their investments in advanced technologies—from Artificial Intelligence (AI) and Machine Learning (ML) to Blockchain and intelligent automation—to improve supply chain flexibility and adaptability to disruptions and make them resilient.

What is a resilient supply chain?

Unpredictable and unprecedented events—natural or otherwise—throw up several challenges. Organizations which confront, and overcome, such unforeseen pitfalls are able to thrive eventually. Such businesses have in common supply chains which reduce complexity and uncertainty by enabling end-to-end visibility and traceability.

The pandemic has shown us that supply chain resilience is no longer defined only as the ability to manage risk. Instead, it now refers to the ability to pivot rapidly to potential disruptions, manage resultant risks, better position the parent organization vis-à-vis competition and sometimes, even gain from disruptions.

In other words, a resilient supply chain is capable of fool-proof disaster planning (and management) because it is agile, provides real-time visibility into operations, optimizes costs and enhances productivity.

The technology behind resilient supply chains

The coronavirus crisis has proved to be the tipping point for the adoption of next-gen digital technologies capable of creating resilient supply chains. For instance – 1) Artificial Intelligence, Machine Learning and Big Data, 2) Blockchain, 3) The Internet of Things, 4) Collaborative robots (Cobots), 5) Geospatial analysis, and 6) Digital twin. Of these, the digital twin technology is one of the most innovative in supply chain management in terms of understanding, and managing, risk.

A Forbes article has described the digital twin concept in the following words – “A digital twin is a digital representation (replica) of a physical asset, process or system that can be tweaked and redesigned at will, letting businesses better understand how aspects of their supply chains interact, where possible points of failure may arise, and how different contingency plans could be implemented.”

In other words, if businesses could craft what-if scenarios for the products, facilities and processes they wanted to change in their supply chains before starting a project, then they would leverage the digital twin technology.

Digital twins are best modeled - using a varied data array - in the Cloud. In fact, experts say that Cloud-based supply chain modeling and management yield the best results when it comes to real-time decision-making and reliability assessment.

Future-proofing supply chains with Cloud technology

Like we’ve mentioned earlier in the blog, a resilient supply chain does two things – 1) reduces complexity and 2) decreases uncertainty through end-to-end visibility and traceability.

Cloud-based supply chain management integrates operations, marketing and sales teams on a single platform, helping in – 1) closely tracking a product across its complete lifecycle, 2) locating a product/ shipment during any stage of transport and 3) enabling task automation (or combination) and prioritization of slow-moving shipments as per business need.

The benefits of supply chain resilience include (but are not limited to):

  • Significant operational cost containment
  • Reduced lost product count (and associated revenue loss)
  • Quick decisions and effective communication in case of rerouting of misdirected shipment(s)
  • On-time deliveries resulting in customer satisfaction

In conclusion …

Based on the above facts, it is perhaps not incorrect to say that a digital supply chain improves transparency and responsiveness because of the near real-time interaction of processes with each another. Additional advantages of such a Cloud technology-driven supply chain include system scalability and 24x7 accessibility, immediacy in data migration, smoother onboarding of new trade partners, flexibility in inventory deployment, optimized product development and innovation, greater market expansion, and an agile operating model.

Next Read: 4 medical device manufacturing trends to watch for in 2021


Discuss this post

Recommended posts

A few years ago, when Microsoft launched its ‘Evergreen’ approach, they were really taking on board the version lag that has plagued companies for many years. It allowed Dynamics 365 to update monthly, so the solutions, including all new functionalities, are automatically kept up to date.
There’s no argument that these are challenging times for discrete manufacturers. The pandemic has brought with it a complex set of challenges, and manufacturers are facing a growing skills gap for workers, among other issues. With problems ranging from erratic supply-chain disruptions to employee shortages, charting a steady course can be harder than ever. Manufacturers need all the visibility, intelligent manufacturing processes and visibility to navigate in this business climate.
Careful management of allergens and organics is increasingly important in the food and beverage industry. Manufacturers must closely manage and track both in the production process to avoid cross-contamination, label properly, and meet the expectations of customers, consumers, and regulators. Considering the growing consumer demand for organic and allergen-free products, the payoff of investing time and resources in proper management is worth it. People are paying more attention – and a higher dollar amount – looking for specific products that meet their dietary and lifestyle preferences. If you can reliably produce products that meet those preferences, you can capture their business, build customer loyalty, and remain competitive in your market. Today, properly managing allergens and organics doesn’t have to be a complex, multi-system process. An Enterprise Resource Planning (ERP) with industry-specific features can centralize key aspects of food and beverage manufacturing, saving manufacturers time, reducing risks, and helping them make consistent, quality products with every batch.
Microsoft power platform release plans and Dynamics 365 release plans introduce news features. Numerous new features have been added to the Dynamics 365 applications in this edition. These enhancements include user experience upgrades that will be enabled automatically for users in production environments beginning in October 2021.
right-arrow share search phone phone-filled menu filter envelope envelope-filled close checkmark caret-down arrow-up arrow-right arrow-left arrow-down