Current Situation
Current best practice looks at aggregate buying volumes with vendors for negotiation.
Goals and Objectives
Buying based on capacity reservation at suppliers based on a digital twin of the entire supply chain will yield lower inventories and higher perfect order results.
Technology Deployed
Cloud, industry cloud, cognitive, and blockchain
Use Case Summary
Understanding supplier capacities at a deeper level such as machine capabilities, certifications, capacity, and company demand for those items; continuous rebalancing of the supply of critical items based on capabilities rather than units and quantity