{"id":28989,"date":"2018-11-12T17:56:35","date_gmt":"2018-11-12T22:56:35","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-rctom\/submission\/supply-chain-elementary-my-dear-watson\/"},"modified":"2018-11-12T22:00:15","modified_gmt":"2018-11-13T03:00:15","slug":"building-the-supply-chain-of-the-future","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-rctom\/submission\/building-the-supply-chain-of-the-future\/","title":{"rendered":"Building the Supply Chain of the future"},"content":{"rendered":"

Machine Learning in the Supply Chain environment<\/u><\/strong><\/h1>\n

In an era where companies aim to expand globally, one of the many challenges is to develop a reliable supply chain network. Machine learning, combined with the exponential amount of data becoming available every day, helps mitigate the risks and variability along the Supply Chain. Through the use of ML, it now becomes possible to discover patterns in supply chain data by relying on algorithms that identify the most influential levers to build an efficient network, while constantly learning in the process. [1]<\/p>\n

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Figure 1: A Comparison Between the Players in the Logistics Network [2]<\/p>\n

Fifth Party Logistic service providers (5PL) such as Bollore Logistics are, by definition, hired to develop and implement the best possible supply chains solutions to fit a company\u2019s needs. A 5PL provider will generally aggregate the demands of various companies in term of logistics needs into bulk volume for negotiating more favorable rates with airlines and shipping companies [3]. Bollore Logistics, however and contrary to the standard 5PL that operates without any assets, also offers logistics services through its own fleets of trucks and boats in some countries.<\/p>\n

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This allows the company to work seamlessly across all levels of the supply chain (see figure 1 above for a comparison of the different levels of services amongst logistics players).<\/p>\n

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