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  • The Universal Product Codeor UPC.

  • More commonly known as the bar code,

  • it's the most pervasive inventory tracking tool

  • on the planet.

  • And 2020 marks 50 years since

  • IBM upended the retail industry

  • by beginning its work on the UPC.

  • The UPC allowed for systematized inventory management,

  • facilitating the digital tracking of goods for the first time.

  • "The Universal Product Code and symbol

  • offer the opportunity for the economies and controls

  • that are the keys to profitable growth.

  • The reward: a significant effect on supermarket

  • store operations and merchandising."

  • It drove down costs

  • and increased speed and accuracy of purchasing goods,

  • inventory of goods

  • and shipping of goods.

  • Sounds a lot like the benefits of a modern supply chain.

  • And yet, without the UPC,

  • there would be no supply chain as we know it.

  • Today, the UPC still plays a vital role

  • in supply chain management.

  • But now IBM is using new technologies

  • AI and blockchain

  • underpinned by hybrid cloud technologies

  • to support companies as they navigate

  • the complexities of today's supply chain.

  • And the need to modernize supply chains

  • has reached an apex this year.

  • In the wake of the COVID-19 pandemic,

  • 93 percent of organizations are facing changing requirements

  • associated with demand volatility

  • and limited visibility into supply chain data.

  • IBM believes a modernized supply chain

  • should not just react to shocks like the pandemic.

  • It should also anticipate and minimize future disruptions.

  • That's because future disruptions in global supply chains,

  • both big and small,

  • are going to happen.

  • Enter IBM's work to further transform today's supply chains:

  • The Continuous Intelligent Planning toolor CIP.

  • So what is CIP?

  • Artificial intelligence now powers supply chain capabilities

  • and enables both continuous and collaborative planning.

  • With CIP and the hybrid cloud,

  • a company is guided by dynamic data

  • to see where products are

  • in real time and in full view

  • anywhere in the world.

  • Managing data in a hybrid cloud-based environment

  • enables enterprises to closely track their products

  • throughout its lifecycle

  • and to make quick decisions

  • and communicate effectively if necessary.

  • For example, to reroute a misdirected shipment.

  • But the amount of data can be overwhelming.

  • And unstructured.

  • Unstructured data is essentially data

  • that is not actively managed in a database.

  • Think weather data,

  • sensor data,

  • invoices,

  • emails,

  • transactions

  • the list goes on.

  • AI converts this unstructured real time data

  • into actionable insights to improve workflow,

  • improve collaboration

  • and reduce waste

  • helping companies predict and respond

  • to potential disruptions.

  • Breaking it down, CIP offers:

  • A Supply Chain Control Tower

  • a connected, personalized dashboard of data,

  • business metrics

  • and events.

  • An organization can use this to understand,

  • prioritize and resolve critical issues.

  • Predictive Forecasting and Demand Sensing with AI

  • Powered by AI and machine learning,

  • this combines analytics and consumer sentiment data

  • to deliver powerful forecasting models to companies.

  • Intelligent Workflows with Touchless Planning

  • AI capabilities can automate routine tasks

  • and decisions across forecasting and demand sensing,

  • freeing up valuable brainpower for other tasks.

  • Collaboration Rooms

  • Collaboration rooms eliminate information silos

  • and enable continuous collaboration

  • through shared platforms.

  • Continuous Intelligent Planning is vital

  • to building a modern and resilient supply chain,

  • enabling organizations to move from merely reacting

  • to supply chain challenges,

  • to proactively planning for the future.

  • And to think

  • this all started with the bar code.

The Universal Product Codeor UPC.

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How the Bar Code Created the Modern Supply Chain

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    joey joey posted on 2021/05/09
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