Better order, inventory, and shipment visibility top the priority list for 60% to 80% of companies in supply chain surveys.
However, most supply chains lack adequate point-of-sale visibility, both upstream and downstream. Sensing demand early is thus critical due to the rapid growth of direct-to-consumer (D2C) fulfillment models during COVID-19, which has decentralized demand, adding complexity, cost, and volatility.
Moreover, with the near demise of traditional long-term demand planning, gaining near real-time data is now more crucial than ever. For instance, companies today look at yesterday’s POS store-SKU sales and inventory data vs. weeks-old summary reporting to yield substantial benefits.
They are also utilizing software-based demand-sensing tools, aided by artificial intelligence and machine learning to predict near-future demand that will influence purchasing decisions.
In short, demand signals drive the supply chain. They dictate what to produce, in what quantities, and where to ship.
Download the latest report created by EdgeVerve and SupplyChainBrain to understand:
Download Report
