Despite these challenges, most customers rarely experience severe problems related to stock shortages or delivery delays. How do companies navigate a climate of continuous unpredictability and manage to deliver their products on time?
They are able to do so by rethinking their approach towards supply chain management. Among the many important trends shaping the future of supply chain management are the following:
- Using digitalisation to monitor entire supply chains, define and implement successful mitigation strategies, tackle risks, and minimise any potential financial consequences.
- Leveraging innovative data-driven technologies to support increased transparency, flexibility and resilience, resulting in more robust and agile supply chains.
Looking for the cutting-edge solution in this regard? The answer is a digital twin technology! It allows the creation of a digital replica of a physical supply chain. Recreating real supply chain conditions in a virtual environment enables organisations to test various scenarios and prepare ideal policies and behaviours.
To create successful interconnected infrastructures and digital twins, companies can rely on Mitsubishi Electric’s e‑F@ctory Alliance. Bringing together over 900 manufacturers of industrial components, specialist system integrators and software providers, this global initiative has introduced more than 20,000 solutions.
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