Man doesn’t possess the ability to gain information about an object, person, location, or physical event through extrasensory perception. However, advanced machine learning (ML) has made it possible.
With the outburst of technology and the ever-increasing consumer demands, most organizations are subjected to supply chain disruption leading to loss of revenue and brand value.
Satoshi Nakamoto’s concept of blockchain was originally meant to serve the purpose of cryptocurrencies like the bitcoin.
Field service has been indispensable to the modern world as it is integral to providing timely assistance to customers. However, the path to quality field service has seldom been smooth.
Smart homes and Internet of Things (IoT) are buzzwords that have been making rounds for quite a while now.
Getting products from the factory to the consumer is a complex process that involves a system of different organizations, people, activities, and resources.
As early as 2003, Walmart introduced RFID tags into their supply chain, which improved the process efficiency, causing a revenue increase from $1 million to $20 million.
The core focus of an effective supply chain will be the outcome and external standards. A well-built supply chain system can be the key to improve margins, drive positive consumer experiences, support expansion, and reduce operating costs.
Big data analysis plays an essential role in the supply chain management sector.
In today’s complex supply chain environment, most of the organizations have realized that data analytics is the key enabler to triumph and stay ahead of the game.