Own Your Own Supply Chain Digital Twin Today
A recent McKinsey analysis indicates that supply chain disruptions cost, on average, 45 percent of one year’s cash profit. Organizations are aware of the risk: an estimated 86 percent of companies recently surveyed are investing in supply chain transformation to respond to industry disruptions. Another study by IDC estimates the average number of days to respond to disruptions is 5 days.
Close to 90% of organizations are now trying to deploy digital-twin and AI technology to drive optimization and efficiency. They take data captured from all facets of an organization’s operations and model the data to mimic physical assets, people, and processes. This is exactly what we have been doing for all our customers using S&OE technology.
Many companies have been focused only on the use of S&OP solutions to address some of the inefficiencies mentioned above. Unfortunately, S&OP modeling is far from representing operations as a digital twin. It is merely a high-level representation of the supply chain rather than the actual operations. In the absence of the latter, it would be almost impossible to understand the behavior of the physical world and replicate that in the digital world, let alone know what the options are to respond.
At Adexa, our Attribute-Based Planning (ABP) architecture gives you the closest digital replica of your operations because it represents not just the structure but also the behavior of the operations and your entire supply chain. Almost every one of our customers already has a true digital twin of their supply chain and their operations. Moreover, using self-correcting intelligence, the digital image of the operations keeps changing with the changes in the physical world. Otherwise over time the digital twin is only an old replica of the real world.
With a true digital twin, plans are more accurate and realistic. Furthermore, the system knows all the available options to respond to a disruption as optimally as possible. Moreover, almost in real-time recommendations can be made to the end users as to what actions are available to them.
We would love to share with you how we can build your digital twin, and the intelligence needed to run the digital twin for planning your supply chain and executing your operations. Without the added intelligence to run the digital twin, it becomes only a simulation environment where you must laboriously perform so many what-if analysis and scenarios endlessly trying to figure out how to run your supply chain or respond to disruptions.
For further information on Adexa and how to build a true digital twin of your entire E2E operations, click Here.
