Today’s customers are continuously demanding higher quality, better service and lower costs. So for all operational excellence is fast becoming “The strategy” for manufacturing companies.
So as we shared before Amber Sally and few other experts did an in-depth analysis on algorithmic Supply Chain Planning (SCP).
Amber Sally says that the data streams coming into the business can be decoded with the help of an algorithmic SCP (Supply Chain Planning) software. She also said this software will enable businesses to align the supply chain to respond in kind and understand the patterns as well. She forecasts an automated and a self-adaptive environment.
Burkett emphasized the importance of focusing on the customer experience when implementing algorithms to supply chain planning. He says that data and customers are the keys. This will enable one to understand where demand is coming from.
He also said that connected data will be of help. Gartner predicts that in the year 2025, the marketplace will be filled with 50 billion connected end points which is about a ten-fold increase from today.
Just keeping up with the competition is no longer enough, Surviving in the new competitive environment is clearly a challenge. Consistently doing the Right Things Well, Implementing this strategy requires new solutions that focus on key business issues, continuously measure performance and drive the organization towards continuous improvement, so without taking any more time contact Adexa for Supply Chain Planning, Demand Planning, Sales and Operations Planning.
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