Digital Twin in Logistics
The creation of a digital replica of the supply chain or logistics network, used to simulate and optimize operations, forecast disruptions, and improve decision-making.
Implications
A digital replica of a physical logistics system, such as a supply chain or transportation network, used to simulate, analyze, and optimize operations in real-time, improving efficiency, reducing costs, and enhancing decision-making.
Example
Example: A global shipping company uses a digital twin of its logistics network to simulate different routing scenarios, identifying the most efficient paths for deliveries and reducing fuel costs.
Related Terms
Different from traditional modeling, which might use static data, digital twins are dynamic and continuously updated with real-time data, allowing for ongoing optimization.
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