And are you asking the right stupid questions to make sure it is?
How to prepare your supply chain data for artificial intelligence, blockchain, machine learning and emerging technology applications. Data is the new oil – it is becoming more essential than ever before. Technological leaps like blockchain, artificial intelligence and machine learning run on data. They’re already beginning to transform supply chain operations across many sectors. Is your supply chain organization prepared to adopt these emerging technologies and generate the operational improvements to deliver the anticipated ROI? As we’re seeing, digital technology in supply chain enables end-to-end decision-making, visibility into supply-demand information across the network and supports the operational level response in plants, DCs and retail stores. Many organizations have challenges based on legacy process- es and systems, possibly decades old, which could significantly hinder the implementation of new data-driven technologies. In fact, industry experts estimate that 35 to 40 percent of all data in supply chain systems is faulty. Many organizations operate today with data that is stored in silos, incompatibly formatted, difficult to access and hard to analyze in a comprehensive fashion. To overcome these barriers, it can be productive to engage a third party to cut through the culture and technology to find out why things are the way they are, and what can be done about it. Sometimes it takes an outsider to ask the obvious questions about processes that employees no longer question. For example, why do you use 106-inch-high pallets? Why do you handle inbound products four times instead of two? Why do you do use so many manual inputs and bypass your technology? Why did you want to place your new assembly line far from your customer base? Was it a decision based on space? The usual answer is, we’ve always done it that way.
1 Wollenhaupt, G. (2019, Feb. 26). Why humans are blockchain’s weakest link. Supply Chain Dive. Retrieved August 8, 2019, from https://www.supplychain- dive.com/news/blokchain-technology-trust-data-integrity-supply-chain/549139/
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