New tools helps business owners keep closer, more informed eye on supply chains
Google is helping businesses transform their supply chains into a virtual space. The company unveiled new features today, called Supply Chain Twin and Supply Chain Pulse, which help users build a “digital representation,” of their supply chains.
Companies can build a “digital twin” of their physical supply chains in order to get a broader understanding on their inventories, suppliers, and external contributing factors such as the weather, sustainability, and risk factors.
Supply Chain Twin
Supply Chain Twin works by taking public datasets from Google Cloud and the company’s Analytics Hub to grant access to curated datasets from multiple sources. The streamlined process also keeps companies from having to deal with “complex onboarding,” according to Google.
“This semantic layer spanning the private, community, and public data segments enables data to be leveraged directly and scalably for a variety of uses, including data science,” Google says.
Being able to view important logistical details such as an organization’s location, orders, products, and inventory operations data can help businesses keep a better eye on material transportation status, stock, and inventory.
Having a digital copy of a supply chain to draw on could it make easier for companies to avoid running out of stock of a popular product or losing track of aging inventory.
Supply Chain Pulse
Supply Chain Twin can also be used in collaboration with Google’s new Supply Chain Pulse user engagement module to help businesses share data across partnerships, get access to advanced analytics on a real-time dashboard, and collaborate and engage with in-house and external partners.
“This user engagement module for the Supply Chain Twin enables executive performance visualizations with drill-down to all key operational metrics,” says Google. “It visualizes alerts and tracks ‘action item’ workstreams; provides mobile alert delivery to predefined users via email, calendars, and shared docs; and enables collaboration across teams with alert-driven shared workflows and ‘action item’ workstreams.”
Supply Chain Pulse is driven by AI technology which allows it to optimize content in order for businesses to successfully pin down the status of their supply chains.
The AI-driven algorithm also helps users respond to events by making recommendations on how to handle both unforeseen issues and hypothetical situations.