Analytics-Driven Supply Chain Design: Key Opportunities
Nov 13, 2024 at 11:00AM - Nov 13, 2024 at 12:00PMVirtual
Supply chain design is crucial for strategic planning and value creation, particularly as supply chains become more global and customer-focused. To gain a competitive edge, companies need to adopt new supply chain design paradigms that go beyond cost minimization and address global markets, value creation, and sustainability. This includes integrating tactical components into strategic tools, incorporating risk mitigation and resilience measures, and embracing new technologies for digitally enabled, customer-centric supply chains. The use of advanced analytical tools in optimization, simulation, and data science offers unprecedented opportunities for data-driven supply chain design processes. In this presentation, Dr. Milena Janjevic, Founder and Director of the MIT Supply Chain Design Lab, will discuss these new supply chain design paradigms and the importance of adopting a holistic approach that integrates these advanced tools and methodologies into strategic decision-making.