Innovation Projects

Innovation Projects

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.

Innovation Projects

Project 4: Stable Planning

Address instability in DDMRP and MRP models by introducing stable demand signals to suppliers, specifically focusing on stabilizing the plan outside of lead time (LT). This reduces the bullwhip effect, improves supplier performance, and leads to more predictable supply chains. Current approaches do not attempt to stabilize the plan beyond LT, even though these numbers are critical for upstream suppliers and their own planning.

Innovation Projects

Project 1: Building a Good Plan Addressing Supply Chain Variability

Develop a robust mechanism for creating a supply chain plan that incorporates variability and addresses the challenges of simulating complex networks. The focus is on ensuring that planning accounts for the inherent volatility of supply chains through AI-driven insights, using a cycle of Plan → Test the Plan → Revise the Plan → Retest until a good plan is established. This approach helps determine whether a plan is effective by simulating the variability in supply chain nodes and continuously improving the plan.

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