“Supply Chain 4.0 – the application of the Internet of Things, the use of advanced robotics and the application of advanced analytics of big data in supply chain management: place sensors in everything, create networks everywhere, automate anything, and analyze everything to significantly improve performance and customer satisfaction.”
Over the last thirty years, logistics has undergone a tremendous change: from a purely operational function that reported to sales or manufacturing and focused on ensuring the supply of production lines and the delivery to customers, to an independent supply chain management function that in some companies is already being led by a CSCO – the Chief Supply Chain Officer. The focus of the supply chain management function has shifted to advanced planning processes, such as analytical demand planning or integrated S&OP, which have become established business processes in many companies, while operational logistics has often been outsourced to third-party LSPs. The supply chain function ensures integrated operations from customers to suppliers.
In last Friday’s Twitter Jam (16th August 2019) on SUPPLY CHAIN 4.0 – THE NEXT-GEN DIGITAL SUPPLY CHAIN, our expert speakers shared their thoughts by answering some of the questions asked during tweetchat. This tweetchat was a precursor to the Tech Supply Chain Conference, Exposition & Awards 2019 which is going to be held on the 19th – 20th September 2019 in Mumbai.
Here is a glimpse of what the industry experts said: