Cement Supply Chain: 5 Strategies To Save Logistics Costs With AI

    An AI-enabled supply chain solution can drive faster and better demand prediction based on disparate data, ensure accurate real-time decision making  with integrated planning and remove possible bottlenecks to ultimately help businesses optimize sales, marketing, supply chain, and financing. S &OP Supply Planning helps to align demand with supply and avoid metrics of losses that are presented through insufficient supplies or excessive inventories. It also determines achievable benchmarks, creating new profit targets ensuring fulfillments of previous ones. S&OP can enhance demand sensing, leading to tapping seasonal and erratic markets. This also adds to the profitability indices and allows almost every area of a business to function more effectively, making the company’s operations more streamlined and cost-effective. This coupled with an assortment optimisation software can help forecast demand accurately through sophisticated data models and analytics. This AI-driven mo

  The pandemic has resulted in a global economic disruption which has highlighted pre-existing loopholes in global supply chains. Lack of digital connectivity has made it hard to tie together global operations for , s&op supply planning including inbound and outbound logistics.   In the wake of the repercussions from COVID19, speed in decision-making, speed in reducing cycle-times, speed in operations, and speed in continuous improvement- this is the prerequisite for a resilient logistics system. Supply chain managers around the world are now updating their supply chain operations to cater to elevated demand, availability of global vendors, and updated customer data.  As global supply chains are increasing in complexity, the margin for error is rapidly shrinking. With increasing competition in a connected digital world, it becomes even more critical to maximize productivity by reducing uncertainties of any and all kinds. Mounting expectations of supersonic speed and efficiencies