Here are some ways that current AI technology and platforms are shaping this business function.
I’ve observed how automated technologies are assisting demand planning capabilities across the food and beverage, apparel and retail sectors. Through automation, teams can operate in a “touchless” planning mode where most of the tactical planning is handled by algorithms, allowing planners to focus on the exceptions.
Beyond automation, AI capabilities can also help teams make better-informed decisions when short-term supply chain disruptions crop up.
AI technologies also allow companies to rapidly perform “what if” simulations to determine how different factors will impact their supply chain and delivery timelines. When done at scale, incorporating “what if” scenarios into strategic integrated business planning processes is a valuable capability that can add millions to a company’s bottom line.
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