What is Supply Chain Management?
Supply chain management is the management of the flow of goods and services, with an aim to not only reduce costs, but also to streamline businesses’ supply-side activities, maximize value and boost operational efficiencies. But the ground reality of modern supply chains is far more complex than the definition. Today’s supply chains demand best-in-class AI tools for not only an end-to-end, real-time view, but also for accurate, real-time forecasts.
An AI-powered, digital supply chain management platform provides enterprises unprecedented levels of supply chain visibility, intelligence, agility and resilience — systematically ensuring competitive advantage in today’s fast-paced environment. The complex algorithms in top-of-the-line supply chain management software can predict future outcomes based on contextual information and recommend business actions, creating real business value for an enterprise.