Resulting from late, inaccurate, or unreadable advance ship notices (ASNs), chargebacks are so ingrained into the enterprise that they’re considered an actual line item in budgets.
With the coronavirus pandemic and its lingering effects, companies have now experienced how challenging it can be to plan and maneuver their supply chains around uniquely disruptive, once-in-a-lifetime events. But the unfortunate truth is that less severe events overwhelm or undermine supply planning all the time. Legacy tools are no longer up to the task of getting supply where it is needed most.
A vast majority of supply-chain professionals still don’t know what to do with artificial intelligence, or how it can provide the most value to their organizations.
Companies today have access to an abundance of data sources and advanced analytics, which are bringing forth new approaches to planning and modeling, with the goal of optimizing product flow throughout markets.
A perfect storm of currency debasement, higher taxes, and declining purchasing power is driving manufacturers to focus on overall spend, cost-cutting, and the need to optimize cash conversion.
While physical paperwork has long been the go-to form of communication within the supply-chain industry, electronic bills of lading are expected to become the standard moving forward.
The latest news, analysis, trends and solutions regarding supply chain planning and optimization. New technologies in supply chain planning and optimization are transforming the way companies operate - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using planning tools and solutions for supply chain optimization.
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