Question: Reflect upon and discuss how demand management function could be improved. Also, discuss how data sharing enhances supply chain collaboration and planning? Integration of loT

Reflect upon and discuss how demand management function could be improved. Also, discuss how data sharing enhances supply chain collaboration and planning?

Integration of loT and Big Data in logistics is expected to be a game changer that can enhance the accuracy of demand forecasts, discover new demand patterns, and develop new services by sharing data with partners across the supply chain. In addition, they can increase asset uptime and throughput, engage in preventive maintenance and conduct close to real-time supply planning utilizing dynamic data feeds from production sensors and the loT. - (Marketline, 2018, p. 2)

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The integration of IoT Internet of Things and Big Data in logistics has indeed revolutionized the way demand management is approached and how supply chain collaboration and planning are executed Lets ... View full answer

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