Kick off strategic supply chain processes like raw materials planning, financial planning and manufacturing.
Avoid disappointing customers and missing potential sales and keep warehousing costs and inventory write-offs to a minimum.
Global supply chain interruptions can lead to increased operational and administrative costs, as well as quality risks when hastily sourcing new suppliers.
There are various types of supply chain management (SCM) software available on the market. The choice of software depends on the specific needs and requirements of a business. Many solutions include demand planning, inventory management, procurement and warehouse management.
Some offerings include global, cloud-based SCM software that helps businesses optimise their end-to-end supply chain design, planning and manufacturing. Many offer features such as inventory management, demand planning and transportation management. Some SCM software provides real-time visibility into inventory, demand and supply, allowing companies to make more informed decisions.
Other solutions use artificial intelligence (AI) and machine learning (ML) to enable better demand forecasting, inventory optimisation and delivery route planning. Choosing SCM software that enhances visibility, collaboration and efficiency across the supply chain is essential.
Sage offers Sage X3, which helps you keep up with demand and ensure optimal efficiency through real-time monitoring of inventory status.
AI's ability to work with sparse data, integrate disparate sources, continual learning, and accessibility through cloud services makes it a powerful tool to drive supply chain efficiencies and insights for small to mid-sized companies that may not have large data volumes initially.
AI can help integrate data from multiple sources – even sparse datasets from suppliers, logistics providers and sales. By consolidating and analysing this distributed data intelligently, AI can extract valuable insights for predictions and prescriptive recommendations that may not be apparent through traditional methods such as business intelligence.
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