What is real-time planning, and how can it effect your supply chain?

In the spirit of Industry 4.0, some have taken to referring to new and emerging logistics paradigms as Logistics 4.0—but what exactly does this term mean?

The rise of Industry 4.0 is already bringing about significant changes in all aspects of supply chain management, and transport logistics is no exception.

The concepts that make up the Industry 4.0 framework don’t have to stop at the edge of the factory floor. Indeed, the very same principles that drive modern, digitized manufacturing are also bringing about the era of Logistics 4.0.

Out of date quotations and inefficient processes lead to businesses consistently settling for prices that don’t reflect current market trends or their own particular needs. In the era of Industry 4.0 we’re finally beginning to see some meaningful changes to the procurement process

We’ve spoken a bit on this blog about the impact that artificial intelligence and machine learning can have on a given company’s supply chaining planning and day-to-day operations, but what impact does this technology stand to make on the global supply chain as a whole?

Decision-making silos and poor data integration make an accurate view of the supply chain difficult to come by. The end result is that businesses struggle to get the most out of their transport logistics.

The Industrial IoT (IIoT) refers specifically to internet-connected factory machinery and sensors, along with any connected devices that might be integrated into manufacturing workflows.

As of only a few years ago, most companies were analyzing a mere 12% of their data, but the rise of big data and advanced analytics is sure to drive that number up in coming years.

Traffic, weather, and other supply chain events conspire to disrupt the plans of freight forwarders and supply chain logistics experts around the globe. One of the industry’s most important challenges is to mitigate those risks. Strategic network planning is a method of doing just that.