Innovation and disruption are the new norm. Decentralization and Open Source solutions can create a more efficient operational model for the supply chain including releasing resources for development and integration of next generation technology including automation, artificial intelligence (AI) and machine learning (ML).
The focus is the future beyond what was accomplished in 2009 including hyperautomation, the digital supply chain twin, analytics everywhere, open source security mesh, ecosystem collaboration and sustainability.
Taking advantage of the distributed nature of supply chains and engaging entrepreneur’s in the process creates interest and knowledge. It also creates value for all stakeholders by encouraging participation in creating efficiencies within the supply chain.
The visibility for entrepreneurs to supply chain challenges makes it easier for stakeholders to communicate delays and solicit solutions. A new approach with innovation, new solutions and ideas as the reward.
Decentralization & Open Source
Developing a layered decentralized system to handle different functionalities of the supply chain can have many benefits including an army of RIFIndustries (“RIF”) Members working for their own purpose and keeping an eye on all parts of the supply chain for you. This can positively effect performance and profitability. Even a single observation or discovery from a RIF Member that prevents an unforeseen event that avoids a disruption in the supply chain can deliver significant and material benefits to make the change for the future. Making you a more competitive platform and organization.
The RIF Advanced Supply Chain Portal can make innovation happen quicker and easier as well identify stresses in the system in real time. Help organizations and operators become next generation leaders.
Artificial intelligence (AI) and Machine Learning (ML)
As supply chains develop using the NEW RIF Model logistics will get a real time information boost.
A report posted on UPSCapital from the University of Tennessee found 93% of companies had positions dedicated to supply chain risk without providing visibility to key operational data of the supply chain.
This lack of visibility throughout the supply chain with suppliers and logistics does not need to happen. In many cases a Decentralized Open Source approach would open up knowledge and visibility of critical issues before they happen and reduce or eliminate the supply chain economic pain.
In a survey by JDA, Microsoft and Incisiv it was found that more than 50% of retailers surveyed are investing in AI and ML. It is time for this to become the reality for core supply chain operators.
A complete transformation from end to end of the supply chain needs to happen to effectively make each step more efficient. User and customer experience including for logistic operators and suppliers must become embedded with new integrated AI and ML technology with a publicly accessible knowledge base for supply chain users and operators.
A survey conducted of supply chain executives revealed most did not have visibility across their own supply chain. This lack of transparency causes stress and economic pain throughout the supply chain. Errors in decision making making operations inefficient and causing delays in delivery. The RIF model is a powerful solution and brings a new open approach for operations as RIF Users. It is the future for supply chain operators.
Solutions
A Decentralized approach with Open Source Solutions using AI & ML can bring new more efficient solutions and deliver real time optics and visibility of potential operational weaknesses. It can also identify profitable Best Practices & SOP customizations that can maximize Return on Investment (“ROI”) for all takeholders. Create a more efficient operation, throughout the supply chain.
Distruptions & Procedure
Disruptions such as weather, delayed delivery of core resources, labor disputes, equipment failure, communication disruptions, geopolitical upheaval, terrorism and even currency exchange volatility are part of risks and stress in any supply chain. Most if not all of these can be offset by insurance including for RIF Members.
Creating a Standard Operating Procedure (“SOP”) can simplify and make the Advanced Supply Chain Portal as simple as purchasing any multi feature eccommerce product. Working from the supply chain operators Best Practices white papers to create the SOP allows for real time adjustments for both guides and quicker resolution of any adjustments needed for reasons including legal, operational and risks.
Solutions
Supply chain weaknesses can be turned into opportunities and strengths. Creating an army of RIF Members and adding AI and ML can change your organizational profile from the past to leadership.
The future is a robust, stable and agile supply chain and it needs attention and forward thinking from all with proactive strategies, greater visibility and accountability. That has to start with a new way of thinking. A new approach for a solution that lowers the costs for consumers, operators and organizations in the supply chain.
The model is designed to work in a simple 4 step process to add segments to the supply chain project.
The core functions for the User are the projects, qualifications, trending, goals, meetings and tickets sections. All designed to automate and enable online remote control and management of projects.
In the “Accounts” section of the Advanced Supply Chain Portal (“ASCP”) the focus is the connection of Supply Chain Operators (“SCO”) to Users. Wizards use simple step-by-step and “Update All” functions for completion of tasks similar to multi selection product purchases online.
The Data and Portal Architecture & Model was conceived by Maynard L. Dokken for one of the first Cloud or Universal Shared Database architectures almost two decades ago. In 2002, Milinx was at the forefront of this technology and powerhouse of innovation. This architecture created The First Hosted Desktop Operating System combined with a Universal Shared Database Architecture. We have an innovative edge.
Open Source Applications and Platforms provide solutions that let organizations access premium applications and information without licensing costs. It frees up resources and funds for development of more advanced technology and the ability to provide a more transparent data streams which were only available recently to the powerful and elite.
Enfranchising Users into Supply Chain Processes can help add value and fix security risks in almost real time. Using public and entrepreneurial resources already in the marketplace can convert ongoing stresses to opportunities using feedback channels and new ideas as solutions.
The "Four Components" of the RIF Public & Private Repository are: