CONTRACT MANAGEMENT
“ UTILISING AI CAN HAVE A DRAMATIC EFFECT ON SUPPLY CHAINS , HELPING ORGANISATIONS TO BENEFIT FROM THE FASTEST , CHEAPEST AND MOST SUSTAINABLE ROUTES FOR SHIPPING , AND COMBINING THESE SEAMLESSLY ”
— Robert Boute , Professor of Operations & Supply Chain Management at Vlerick Business School
54 we have explored at Vlerick Business School and KU Leuven , by developing an algorithm to help organisations better identify opportunities to share their shipping data and collaborate with other transporting firms .
Using GPS data , this algorithm logs the collection and drop-off points of shipping organisations . The system remains aware of the state of the environment at all times , with regards to shipping , stocks , transport methods and the costs . By incorporating the sharing economy aspect into this , organisations can share details of their supply chain with other firms .
For example , if a truck is delivering goods and services to a specific location , by inputting this data into the algorithm , the system is aware of the amount of stock in the truck , where it is travelling to and the costs of this travel . If the truck is partially empty for instance , by using the algorithm organisations which are delivering to the same location or a location en route can share their delivery method , not only cutting costs but reducing pollution
AUGUST 2019