Modernizing Your Supply Chain is Faster and Less Expensive Than You Thought with Professor David Simchi-Levi from MIT

Shelf Life: Expert Voices from the Consumer Goods Industry

We sit down with world-renowned supply chain guru, Professor David Simchi-Levi. This MIT professor and head of the MIT Data Science Lab, shares his insights on supply chain digitization and delivering on the promise of increased forecast accuracy while reducing risks. It's a transformative discussion on how you, with a moderate financial investment, can swiftly digitize your supply chain while reaping the rewards. Our discussion touches on:

• How a unified view of demand and segmentation can allow you to craft bespoke supply chain strategies for different products, channels, and markets.
• The fusion of analytics, data, and algorithms with intuition, experience, and domain knowledge.
• The pioneering work done by the MIT Data Science Lab on supply chain resiliency and how giants like Ford Motor Company leveraged this technology.

We're not just talking theories. We dive straight into how supply chain management can be optimized using smart S&OP and smart execution. Learn We share real-life examples of how a consumer-packaged goods manufacturing company used data sources to predict retail orders, making concepts easy to grasp and apply in your own businesses.
In this discussion we reference:

• Harvard Business Review article by David Simchi-Levi, A Simpler Way to Modernize Your Supply Chain
• The MIT Data Science Lab

Chapters

1. Modernizing Your Supply Chain is Faster and Less Expensive Than You Thought with Professor David Simchi-Levi from MIT (00:00:00)

2. Supply Chain Digitization (00:00:01)

3. Digitized Supply Chain and Demand Analysis (00:18:31)

4. Science and Art in Supply Chain Forecasting (00:29:25)

5. Supply Chain Resiliency and Digitization (00:33:24)