LOGISTICS
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When it comes to managing these key issues outlined by McKinsey , data will be vital . “ Amid the current climate , where the COVID-19 pandemic has caused so much uncertainty within global supply chains , you could argue there has never been a greater need for visibility and synchronisation ,” comments Fred Baumann , GVP for Industry Strategy at Blue Yonder . “ Big Data holds the key to identifying issues across the entire supply chain , helping to plan for -and instantly adapt to - changing circumstances . Accessing data by using artificial intelligence ( AI ) and machine learning ( ML ), companies can better model and predict demand , match supply to demand and automate ordering , allocate inventory with the right margin-optimisation cost function
JULY 2020