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

  Most businesses today are expected to provide same-day shipping to not only meet escalated demand for goods but also fulfill customer’s expectations of faster delivery. As end-of-year projections will startle businesses with high demands, an efficient supply chain management system to fulfill it is needed. A salient supply chain management system takes stock of the different variables across the supply chain to mitigate any uncertainty while catering to the fluctuating demand. In 2021 , the retail sector experienced drastic global inventory distortion. The estimated value for out-of-stock items was $1.14 trillion, with only half as much value in overstock items. The high degree of potential losses in these projections makes it crucial to mitigate variability and enhance predictability within the supply chain. Advanced buffer management tools are the need of the hour while heading into a hybrid work-world with temperamental variability.  Supply chain variability can arise due to a v

  Assortment planning Software is the process of setting up key product lineups and their optimization for winning sales with customers. As retailers become more advanced in their sales strategies, assortment planning has also evolved using automated planning tools with AI and machine learning. Today, assortment planning goes beyond mere inventory control and stocking products and is influenced by various factors such as price point, product categories, visual merchandising, store format, promotion strategy, revenue targets, lead time etc.One way of ensuring assortment planning goes deeper into your sales strategy, is by identifying what kinds of products get the best sales traction compared to competitors. It seeks answers to questions like what are the ideal price ranges to ensure a sale, what categories of products would be marketed the best in a particular segment, how should the assortment be structured based on the various products in stock, how best can the assortment be optimi