Objective: Role of Technology and Analytics in Global Supply Chain

Detailed Report:

The session on the Role of technology and analytics was conducted on 20th December 2022 by Dr. Jeorin Motavallion, lecturer of supply chain at the Royal Management Institute of Technology, Melbourne Australia. In virtual mode at Lloyds business school Gr. Noida.

The main Highlights of the session were the evolving environment of the global supply chain and the uses of AI in different operations in business.

• INDUSTRIAL REVOLUTION
• KEY TECHNOLOGIES IN SUPPLY SCHAIN:
• AI and Machine Learning:
• IOT: (INTERNET OF THINGS)
• PROCESS MINING
• BLOCKCHAIN
• 3D PRINTING.
• BUSINESS ANALYTICS in global supply chain
• DATA/STATISTICAL ANALYTICS
• Descriptive statistic
• Inferential statistics
• FIVE TECHNOLOGIES THAT DRIVE RETAILING FORWARD:
• TEXT ANALYSIS USING NLP AND ML IN-DEMAND ANALYTICS
• TECHNOLOGIES IN TRANSPORTATION

Learning Outcomes:

The sum up of this session was the role of Technology in supply chain management is speeding up business processes and preventing bottlenecks. Companies are closer to accomplishing on-time procurement, shorter inventory, and better efficiency, particularly in manufacturing. Nonetheless, the secret behind successful supply chain management remains in IT. From the very beginning of the supply chain to its end, data plays a crucial role in bringing the entire set together. Analytics offers the necessary communication path between all entities. It is allowing them to work independently and yet in a coordinated manner. Therefore, the role of Technology & Analytics in supply chain management is unquestionable.