Smart Supply Chain

In this international minor you will learn how smart technologies can help improve living standards by enabling you as consumer to buy essential products faster and at lower costs.

The advent of IoT and what other research calls “Industry 4.0” is allowing manufacturing companies to redefine whatever they produce, from how they interact with research institutions and the way they introduce innovation to the way they interact with you as a consumer. The introduction of Machine Learning in the IoT infrastructure is a crucial element in this. The manufacturing industry is transforming, and both the machines and the management in the logistics chains are now able to incorporate IoT, Machine Learning, Blockchain, but also sustainability and resilience into their processes.

This level of IoT connectivity enables increasingly efficient business processes with greater doses of predictive intelligence leading to supply chains that effectively strengthen chain and even network collaboration. F.i. a smart supply chain system can predict a possible operational bottleneck arising from an event and pre-empting this type of event can be used to streamline the system and prevent waste from excess production. This can enable leaner manufacturing and operational efficiency making strategic new business models possible, as we see with frontrunners like Cisco systems, Apple, Johnson & Johnson, Unilever, Amazon, Über and Airbnb.

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