For nearly every industry, it’s crunch time to create more resiliency to supply chain disruptions. The key to this is to streamline and accurately forecast inventory supply and integrate that into pricing to shape demand effectively, drive sales and margins.
The pandemic won’t be the last disruption, unfortunately. Wildfires in California, hurricanes, floods. They’re not going to go away. Also, the way people want to buy has changed dramatically – products being delivered by drones, and consumers want products, like yesterday. Businesses require a foundation to react and adapt with the right inventory at the right places, every time.
The need for new business models is growing faster and faster. At the same time, no one in the supply chain wants the additional inventory. It must be lean as can be – minimal inventory as possible, with the greatest velocity.
AI and Machine Learning are crucial to handling the heavy load of calculating where to put inventory to fulfill demand with the highest service levels at the lowest cost – and then incorporating some financial modeling into the supply and demand plan. Price sensitivity can vary by type of customer, region, channel and product mix. So you need to incorporate and optimize that into the supply and demand chain equation.
In my recent interview with Manufacturing Talk Radio, we explored this new approach and what manufacturers, wholesale distributors and retailers need to do address supply chain disruptions effectively.
Learn More About Integrated Supply Chain Planning and Pricing Solutions
Efficiencies and visibility can be amplified significantly through intelligent, integrated supply chain planning and pricing solutions in one package, in the cloud. That is the future of supply chain resiliency.
Check out how integrated planning and pricing solutions work and what they can do for you:
