Project 7: Supply Chain Digital Twin
A supply chain is better described as a network with nodes of activity, such as factories, warehouses, retail stores, with connections through which goods, money, and data flows. The operation of the nodes and configuration of the connections is determined by operational policies and parameters, for example, production scheduling techniques, procurement procedures, transport packaging, vehicle specifications. Any supply chain network has an extensive range of factors that interrelate and determine service, costs, capital requirements, and environmental impacts. To date, the full extent of the relationships between such factors has been difficult to perceive, understand, qualify, and manage. This is where supply chain digital twins come into play.