PERSPECTIVE
DIGITAL TWIN IN SUPPLY CHAINS AND WORK CULTURE A digital twin is a virtual supply chain replica that consists of hundreds of assets, warehouses, logistics and inventory positions. Using advanced analytics and artificial intelligence, the digital twin simulates the supply chain’s performance, including all the complexity that drives value loss and risks. It identifies where volatility and uncertainty exist, as well as where optimization is possible. A digital twin also enables scenario planning to allow a company to make decisions on the basis of business needs, rather than resolving issues as and when they arise. Pandemic has brought great learnings for companies at large in strengthening their supply chain networks and Digital Twin is surely the way forward to thrive in such tumultuous times. The recently held Tattv’21 by SIOM, Nashik presented many such intriguing aspects where leading industry experts shared their learnings and experiences with the audience. This perspective brings out some of the most remarkable thoughts shared during the panel discussion…
Arindam Mukhopadhyay, VP and Global Head of Consulting COE, Gartner
Virupakshappa Hovale, Country GM, Bosch Rexroth
Can you help us understand what Digital Twin is and how can it help in enhancing supply chain efficiency? Arindam Mukhopadhyay, VP and Global Head of Consulting COE, Gartner: A digital supply chain twin is the digital representation of the physical supply chain, which has benefits such as end-to-end planning
32 CELERITY March - April 2021
Piyush Chowhan, Group CIO, LuLu Group International
and execution and visual representation of the real-life supply chain, which helps us in understanding the bottlenecks, planning of time and do scenario planning. Digital Twin technology has gained traction in last few years, and Gartner in a pre-Covid study found that almost 29% of global CEOs are already in the journey of implementing IoT and Digital Twins in their organizations
Pavan Sarda, Associate Director, Supply Excellence, Supply Chain Management, MSD Pharmaceuticals Pvt Ltd.
and another 30% CEOs are planning to implement it, which shows the significant business value it can drive. If we talk about today, the scenario has changed due to two things and I believe we are sitting at the tipping point right now. The first one is the advent of 5G technology, which is going to be an important trigger for digital supply chain to reach to the next level. Second
