Question: Negative feedback loops are self - regulating and useful for maintaining an optimal state within specific boundaries. An old - fashioned house thermostat that uses
"Negative feedback loops are selfregulating and useful for maintaining an optimal state within specific boundaries. An oldfashioned house thermostat that uses a bangbangonoff control system to turn a furnace on or off is a classic example of a selfregulating negative feedback loop"Yasar K When it comes to a supply chain aspect this selfadjusting feedback loop is utilized to keep levels within the desired range for optimal business and operation.
From what I gathered from reading the "Connected and Autonomous Supply Chain Ecosystems PwC want an environment that is based off of speed, efficiency, and streamlined practices. Examples I will refer to are "The Vison" and "Closed Loop and Integrated Planning"; The author references "Tomorrow's supply chains will be connected and selforchestrated ecosystems. More than of digital champions described their supply chain focus as external integration or endtoend orchestration" emphasizing the importance of going autonomous. The author also emphasizes "nextlevel planning is synchronized realtime with execution, integrates supply chain partners and enables continuous optimization with of digital champions already implementing the planning".
PwC essentially wants to utilize this system to garner the benefits of realtime data which in itself allows for more accurate and precise decision making and they also want to take the human element out of gathering this information which I feel is beneficial in two way. Number there will be less error and secondly you have now freed up hands that can help with more important task or those that truly need the human touch.
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