Artificial Intelligence for Supply Chain Resiliency: Navigating Uncertainty - Wipro

Harry1201 Feb, 2022Technology

Today, well established business models like the lean model are being questioned. It was widely believed that lesser inventory translated to lower risk, fewer overheads and was easy to manage. With distressed supply chains, businesses with overstock have the competitive advantage, while those operating with narrow margins and just-in-time models are, much like their customers looking to stock up. This doesn?t mean running a lean business is suddenly a bad thing. Lean is still good, but the conditions for being a successfully lean business are changing with the continued spread of the pandemic.