Sustainability Problem : Climate change poses an inherent risk in the ever lengthening supply chains in today’s industrial ecology. Environmental and social concerns are driving companies to make their supply chains transparent for not only risk management but also brand reputation in many cases. In most cases, supply chain risks lay beyond first-tier suppliers. This creates the need to understand, map and visualize supply chains in greater microscopy for management efficacy.
- Digital supply networks transforms the linear Supply Chain nodes into a series of dynamic interconnected networks, providing a truer picture of today’s supply networks
- Digital supply networks use proprietary databases to visualize and map complex supply chains across various industries deploying a data-driven sustainability monitoring system against social and environmental impact KPI’s.
- The technology benefits companies by providing end to end traceability which can be used for optimization and planning, data auditing and verification, risk and compliance.
- It helps identify real-time risks like disasters or changes in political situation to help a company allowing them to create alternate supply chains.
- Traditional supply chain management tools like excel sheets and questionnaires are tedious and time consuming. This technology allows for quick, effective management in addition to using the database to understand their network beyond just visualization but assess risks through comprehensive heat maps.
Sample ecosystem players : Llamasoft, Sourcemap, Kinaxis, O9, One Network, GE Predix, SAP APO, GT Nexus, SAS
- Supplier’s employees
- Strategic partnerships to provide industry/sector specific proof of concept of technology
- Market technology by demonstrating the tool as a supply chain management software used to minimize risk and cost with the added benefit of devising effective data driven sustainability strategy.
- Mandating transparent supply chains advocated by NGO’s and governments.
By Megha Kedia (mk3883)