Saroj K Tripathi’s Post

The Global business landscape is undergoing seismic shift as companies increasingly digitalise their supply chains, The transformation is driven by the need for greater efficiency, agility, and resilience in the face of unprecedented disruptions. Leading this digital revolution are some of the world's largest and most innovative companies. Through strategic initiatives, cutting-edge technologies, and visionary leadership, these industry giants are setting new standards for what modern supply chains can achieve. The Pioneers of Digital Supply Chains Several global companies have emerged as trailblazers n the digitalisation of supply chains. Among them, Amazon, Walmart, and A.P. Moller - Maersk stand out for their comprehensive and forward-thinking approaches. Amazon: The Epitome of Innovation Amazon's supply chain is often hailed as the gold standard for efficiency and innovation. the company leverages a vast array of technologies, including artificial intelligence (AI), machine learning (ML), and robotics, to streamline operations and enhance customer experiences. Discover how supply chain transformation is driving the digital revolution in the latest edition of Business Enquirer ➡ https://lnkd.in/eT5acZM8 #DigitalSupplyChain #SupplyChainRevolution #GlobalBusiness #Innovation #Efficiency #Agility #Resilience #Amazon #Walmart #APMollerMaersk #TechTransformation #BusinessLeadership #BusinessEnquirer

In the face of chip shortages and AI's rise, reinvigoration of supply chain strategies is paramount. Forward-thinking tactics like diversifying supply sources, establishing strong partnerships and always anticipating AI's increasing demand are key to enduring adaptability and resilience. Read more (link below) 

AI is a disruptor in the end-to-end supply chain. But will it primarily be a good or bad disruptor? Thoughts from those in operations?

💬 "A 20% reduction in stock tied up in inventory would result in more than $100 billion saved globally every year. That’s the true price of #AI hesitance for supply chains." In this piece for Supply Chain Brain, Peak's Tom Summerfield dives into the detail of one of the biggest current challenges for businesses: inventory distortion. 🤔 How can AI alleviate this challenge and avoid missed sales, dissatisfied customers, excess wastage and capital tied up in stock? Find out here 👇 #inventorymanagement #inventoryoptimization #supplychain https://lnkd.in/ecyznqax

AI continues to be a large topic of conversation within supply chain, logistics, & industrial RE. A couple interesting takeaways from this article: ➡ AI analyzes historical and real-time data, including seasonality, trends, and weather, to accurately forecast product demand and enable just-in-time inventory practices. ➡ Overstocking cost businesses over $500B in 2023, but despite AI's potential to reduce this cost, adoption rates within supply chain sectors are still low. As AI is further integrated into inventory management, we may see companies shrinking/maintaining their industrial RE footprint as they can more accurately predict & manage demand.

Great piece in SupplyChainBrain this week from Peak's very own Tom Summerfield around how AI hesitance impacts overstocking. Inventory distortion leads to missed sales, unhappy customers, and wasted resources. 👎 AI-driven inventory management offers a solution by accurately forecasting demand and enabling just-in-time practices. Overcoming organisational challenges and integrating AI effectively is crucial. ✨ It's time for supply chain leaders to embrace AI. #SupplyChain #AI #InventoryManagement

How to manage your Supply Chain is evolving rapidly as we enter and embrace the Industry 4.0 era. This recent article from SupplyChainBrain on AI hesitance and overstocking couldn't be more timely. The cost of not fully embracing AI, or today's greatest and latest technology, is hitting us hard, especially in retail, where inventory inefficiencies are a problem. This isn't just a tech upgrade; it's a game changer, and we need our commercial and data teams to come together more than ever. Commercial teams bring the market insights, while data teams have the analytical muscle. Combining these strengths, adaptive and machine learning tech can help us predict demand, optimize stock levels, and tackle overstocking head-on. Continuous education on AI's capabilities and real-world applications will remain crucial. Building momentum within our teams to solve specific inventory issues using this knowledge isn't a future goal; it's a must for today. By leveraging and learning the capabilities and strengths AI or today's applications can bring to your organization, we can make smarter decisions, reduce overstocking, and boost efficiency. The industry is moving forward; it's time for the people who manage their businesses to move along with it. Dropit #SupplyChain #AI #InventoryManagement #Collaboration #DataScience #Innovation

The supply chain is finally starting to adapt to our volatile world! 💪 After a few years of disruption, there are signs that the supply chain is on the mend. Businesses are investing in digital technologies like automation to make their operations more resilient. And looking ahead, AI is poised to play an even bigger role in predicting and solving problems before they arise. The future of the supply chain is bright. What are your thoughts on this article? Share your insights in the comments below! #supplychain #retail #technology #innovation #futureofwork https://lnkd.in/e5Uq7mpk

The supply chain is finally starting to adapt to our volatile world! 💪 After a few years of disruption, there are signs that the supply chain is on the mend. Businesses are investing in digital technologies like automation to make their operations more resilient. And looking ahead, AI is poised to play an even bigger role in predicting and solving problems before they arise. The future of the supply chain is bright. What are your thoughts on this article? Share your insights in the comments below! #supplychain #retail #technology #innovation #futureofwork https://lnkd.in/dyaAAsMM

📦 If you’ve got stock to manage, you’ve probably got an inventory distortion challenge. Not just a problem for supply chain teams, inventory distortion results in missed sales, dissatisfied customers, excess wastage and capital tied up in stock. Thankfully, AI is here to help 🤝 Read more from Tom Summerfield, Peak's Retail Director, in this feature for SupplyChainBrain 👇 🔗 https://lnkd.in/ecyznqax #AI || #inventorymanagement