Supply chains can be as complicated as they are simple. It’s the matter of getting parts and products from point A to point B, on time and intact. But broaden the scope, and supply chains become exponentially more complicated and sometimes even fragile. A single glitch in a small section of a national chain can disrupt or bring down the entire enterprise.
This is why predicting bottlenecks to maintain system flow and continuity has become increasingly critical. Whether the supplies are manufacturing parts or vaccines with incredibly sensitive requirements, understanding of potential weak links in the supply chain is needed now.
ASCM recently committed to work with IBM to tackle this very issue with artificial intelligence (AI) and hybrid cloud. We plan to develop an AI-driven, Supply Chain Operations Reference Digital Standard (SCOR DS)-based supply chain stress test and resilience indicator that will leverage IBM AI capabilities on the IBM Cloud.
Working hand-in-hand with IBM’s renowned Data Science Elite Team of data scientists, the goal is to develop a risk assessment tool on IBM Cloud Pak for Data, the company’s integrated data and AI platform. The tool is intended to automatically assess the degree of both tactical and strategic resilience, as well as any needed course corrections. Leveraging this intelligent risk identification and scenario testing, the objective for the SCOR DS framework will be the creation of a combination of AI methodology and ASCM-certified best practices for a best-of-both-worlds offering.
Performance data comprises many elements, such as delivery reliability, responsiveness, agility, supply chain cost and asset management efficiency. Resilience factors also include material flow and the physical network; information flow within and among stakeholders; and SCOR DS plan, source, make, deliver, return and enable process stability.
Exciting collaborations such as this one prove that the toughest challenges can be addressed when we stand united. Together, we can build the kind of supply chains that have the power to make a positive impact across the globe.
Read more about the IBM Data Science Elite Team.
Statements regarding IBM's future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only.
