There’s a supply-chain renaissance underway for enterprises, whether retailer or product-centric suppliers, who rely on a network of partners and new type of technology.
Artificial intelligence and machine learning capabilities can already provide tremendous value in augmenting supply-chain applications. And we’re just getting started.
Analyst Insight: Data is important to businesses in formulating strategies, streamlining operations, introducing new products and services, and ensuring customer satisfaction. But data alone isn’t much good unless it’s analyzed, understood and acted upon. Data analysis is benefiting from new technology tools by allowing analysts to dig more deeply into supply chains. At the same time, human judgment remains the most important element in analysis.
Analyst Insight: In recent years, supply-chain control towers have become an omnipresent panacea for organizational challenges. Many companies have rushed to join the control tower frenzy, only to have the solution fall short of expectations. Success with control tower solutions rests with having a clear purpose for the solution, selecting the proper technology as the basis of the tool, and properly integrating with existing systems and data to ensure smooth execution.