What supply chain manager doesn’t dread getting the news that the goods are not going to show up at the dock on time? And for some, a shipment that’s merely late but does eventually show up is good news. During the Covid-19 pandemic, many shipments simply never showed up at all, leaving businesses scrambling to fill empty orders.
“In case you had not noticed, the world has gone digital! Everything is represented with an electronic token,” said Steve Jump, the Executive Director, Custodiet Advisory Services, South Africa. He went on to explain that within your secure and up-to-date digital network, you need integrated data from customers, sales, suppliers, and producers through “state of the art” inventory management systems connecting you to your suppliers, your production facilities, your warehouses, and your sales organization.
“True value is the way in which we are understanding data to better analyse how we can optimise manufacturing processes” he added before continuing, “If incorrect data is used, your business may stumble. Not just you, but your customers will also suffer. This is just adapting to a new way of doing business.”
The CIO Africa Industry 4.0 Forum stood up to its reputation of being an unparalleled meeting place for decision-makers, manufacturing and production managers, digital leaders, and other business professionals to share knowledge and experience in optimising the production in the age of technology.