In order to manage demand with smart inventory and supply planning, companies have to take the demand-driven approach. This is where 'Intelligent Supply' comes into the scenario.
Organizations need to be in a position to source goods and services from leading suppliers at the best value while driving efficiencies in procurement operations, improving supplier relationships and mitigating risks.
Supplier capacity is a huge contributing factor for an intelligent supply chain. And when it comes to multitier supply chains, establishing optimum transparency in and around critical components is not to be overlooked.
With a 'Smart Operations' strategy in place, organizations can work with best practices in Demand Forecasting and Inventory Optimization to eliminate excess inventory and maximize service levels.
2020 is the year of broken supply chains. A supply chain with resilience and digital supply networks at its core offers end-to-end visibility, collaboration, agility, and optimization, escaping the supply chain disruption.
Over time, supply chains have moved from decentralized processing and selling to more centralized avenues. Their centralized processing capabilities have jeopardized their functioning during this COVID-19 pandemic.
