The Does LogisticsMatter? Podcast is all about trends and innovations in supply chain and logistics. This episode features Miguel van Asch, Head of Data and Analytics at Ahlers. In this episode, Miguel and I talk about the power of data. Miguel takes us through the steps of creating your digital twin and how you can run different scenarios. Ranging from operational excellence to customer intimacy, you can analyse the impact of these scenarios on your supply chain. Thank you, Miguel, for sharing your knowledge and insights!
Creating Your Digital Twin
Some see data as the new gold, and Miguel couldn’t agree more. With his department, he turns massive amounts of data points into actionable data. When you use algorithms and artificial intelligence you can run many different scenarios and analyse the outcome of these scenarios. In this episode, Miguel explains what a digital twin is and how it can be used to make data-driven decisions. A few examples of strategical and tactical decisions you can take based on the outcomes of running different scenarios on your digital twin:
- Know the best locations to open a new distribution centre
- Get insights into what happens when there is a disruption in your supply chain, such as the blocking of the Suez Canal
- Know what stock levels to keep in which warehouses to maintain a certain service level
Three Steps to Creating Your Digital Twin
There are three steps to creating your digital twin:
- What do I have? Assess what data you have and what data you need to get to a digital twin.
- What do I want to achieve? Assess your business. How does the digital twin fit in the business, the process, and your future vision?
- What decision do I take? Understanding your drivers and where you want to go. Build the right scenarios to run based on the right drivers in your supply chain.
After going through these steps you are ready to make your decisions, based on actionable data.
If you want to hear more about what a digital twin is and how it can improve your supply chain, then click one of the buttons below to listen to the conversation I had with Miguel.
This blogpost is sponsored by Ahlers.