We are happy that JRC LIVE is top of Upper Austrian research innovations. Our monitoring tool for (near) real-time visibility in supply chain networks was ranked 3rd in the magazin Chefinfo (Das Magazin für Führungskräfte).
Companies and their supply chains are going through challenging times. To address these challenges and improve the delivery of the customer demands companies are investing in different types of supply chain software. End-to-end supply chain visibility software is ranked first by survey respondents to be implemented within the next 12 months.
How far along are you on adopting digital technology into your supply chain? Survey results show the C-suite has a very different answer to that question than operational leaders. This misalignment can cause many issues for organizations from frustrations due to differing views of reality, unrealistic expectations, and misallocation of resources.
Global production networks often contain hidden vulnerabilities. In a world where hazards are occurring more frequently and causing greater damage, companies and policy makers alike are reconsidering how to make global value chains more resilient. The focus of the MGI report is to better understand the risks and resilience of supply chains.
"Visibility also helps leading companies reduce risks and costs throughout the supply chain. These companies can conduct scenario planning on how disruption will affect their suppliers – all the way through “tier N” suppliers (suppliers’ suppliers) – and proactively determine alternative sources and cost-effective approaches."
"The automotive industry provides a good example of businesses that have a critical need for tier N supplier visibility."
"Control tower is the next iteration or generation of analytics for visibility."
"A particularly relevant need for enterprises today involves the ability to monitor and respond to external events. [...] For retailers or logistics companies focused on time-sensitive delivery, local monitoring of traffic, delays and road closures might be more critical."
"Advanced supply chain visibility capabilities can also help enterprises respond to disruption."
Acknowledgements: The financial support by the Austrian Federal Ministry for Digital and Economic Affairs and the National Foundation for Research, Technology and Development is gratefully acknolwedged.