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

  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 op...

    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. Thi...

  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 spee...