Syspro Ohio

The advent of IoT allows a company to boost its supply chain.

From forecasting and planning to customer support, all processes associated with the supply chain can be monitored and managed from the technology of the Internet of Things.

Sensors and other IoT devices collect information pertaining to the functioning of the supply chain and send it to a platform where the data can be easily accessed.With the help of this end node data, a company can balance the supply and demand conditions, boost its fleet management operations, improve warehousing and inventory, enrich the quality of products, and make smart decisions to elevate end to end supply chain processes.Visit: https://www.biz4intellia.com/blog/iot-elevating-supply-chain-processes/

Firstly, to optimize a Supply Chain one must be clear in defining it and understanding its intricacies.Secondly one must clearly understand the Goals and Purpose of the Supply Chain, on essence its Mandate.Thirdly, Vision and Mission, create one, you will need it!

You must understand that Supply Chains are dynamic mechanisms that require intense Systems Thinking Acumen.

Systems Thinking is a methodology of Strategic Thinking in which one envisions the desired outcome, then works holistically backward, to create strategies to realize one’s vision.Once the above items are identified and understood the following actions must take place:1.)

Leverage the creation of a Strategic Supply Chain Plan such as the following:The above Hoshin Strategic Plan assigns People, Metrics, Targets to a clearly Articulated Purpose2.)

Leverage Operations Research which will focus on the understanding of the interaction of the following components:Process variablesPeople variablesMaterials variablesLayout variablesNetwork variablesMetrics variablesMachines variablesTechnology variablesOperations Research is based on Systems Thinking, or the interaction of the above components to achieve a Desired Outcome or Mission Articulated in the prior table.The primary outcome of Operations Research is to determine the appropriate Systems Settings or how to regulate and configure the above variables to achieve a certain Supply Chain Outcome or Mission.3.

) Leverage some of the following Tools to understand your Supply Chain:Design of Experiments, Predictive Analytics, Prescriptive Analytics, Descriptive Analytics, Spaghetti Analysis, SIPOC Models, Value Stream Mapping, Time and Motion Audits, Network Diagram Analysis, Critical Path Analysis, Chi Square, Hypothesis Testing, Control ChartingExample:Value Stream Mapping4.)