AI saves time, and that means money
By Alex Maibaum

Streamlining Operations Management

Day-to-day operations in supply chain management can easily be overwhelming, even for the most diligent planners. Between managing suppliers, monitoring inventory levels, and troubleshooting unexpected disruptions, the sheer volume of tasks often leaves little room for strategic thinking. How many hours do your teams waste each week executing manual, redundant tasks? Even the most savvy Operations leaders struggle with unscalable Excel files, reliant on the expertise of the creator and the systems they live on.

Here’s our top five places you should leverage the latest in AI tools:

1. Inventory Management: Critical to the efficient operation of a business is the need to be able to quickly understand inventory positions, and answer questions to the future state of inventory. Managers need tools that quickly and dynamically identify actionable opportunities without relying on manual updates to large models.
2. Demand forecasting: Perhaps one of the key areas where AI thrives is in trend recognition. Having a model that dynamically responds to changes in trends can save valuable time, keeping demand and supply teams focused on products significantly outside of trend.
3. Purchasing: With a demand plan adjusting to your customers changes in preferences, AI can quickly provide updated purchasing recommendations, taking into account complex challenges from lead times, to multi-step manufacturing. With these recommendations at your fingertips, purchasing reviews become dynamic risk/reward analysis that have the potential to truly overhaul how businesses plan.
4. Logistics: What’s coming in, when is it arriving and what are the impacts to the business? These are key questions that need to be at the tip of the tongue in a well oiled supply chain team and AI can automate much of the redundant manual updates otherwise needed to consume the latest information. Having the most up-to-date information quickly, and being able to visualize changes gives teams unparalleled flexibility to shift as the business needs change.
5. Systems consolidation: Business running in multiple environments resulting in endless downloads? AI platforms can seamlessly bring all of this data together in one place eliminating one of the most challenges of data management: user error. Bring confidence back to your team that there aren’t any errant copy/paste accidents.

Where AI Meets Practical Application

At Predictive Supply Chain Solutions, our goal is to empower teams by making data actionable and accessible. Our platform seamlessly connects to your inventory streams providing a consolidated outlook that can be updated as regular as your business needs them.

We’ve revolutionized how your team approaches demand planning, leveraging AI to make small changes within defined thresholds, reducing the “noise”, and enabling planners to focus on the 10% of the business that has the most volatility requiring their attention.

We truly believe that your purchasing should be a dynamic experience where executive teams can quickly visual future inventory positions and understand the impact decisions can have on the business today, and into the future. Our proprietary tool provides up to 24 months of future purchasing needs based on the ebbs and flow of your business demand.

Disparate systems that need constant updates to stay abreast of the latest in your business are a near impossibility to manage, so we’ve made it a core focus of our business to help your teams stay informed. Whether logistics or multiple warehouses across different continents, all of these need regular monitoring.

To learn more about how Predictive Supply Chain Solutions AI can enhance your supply chain operations and empower your planners, visit us at www.predictivescs.com.