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In the #supplychain industry, #digitaltransformation is an ongoing journey. And #GenAI in the supply chain will be the transformative tool that will become monetizable. Learn more in this VMblog article by Nirav Patel of Bristlecone. https://lnkd.in/g_gSb_Gj

"Viewing the adoption of GenAI as part of a broader digital transformation strategy means involving stakeholders across various departments — including IT, operations, finance and customer service — as well as external partners such as suppliers, distributors and customers. Only then can organizations create a seamless flow of information that results in a more responsive, resilient and agile supply chain."

🚀🤖 Brace yourselves, supply chain enthusiasts! The revolution is upon us, and its name is GenAI! 🌐 According to the latest SupplyChainBrain report, the future of supply chain management is getting a futuristic makeover, with a whopping 50% of organizations set to jump on the GenAI bandwagon in the next year. Picture this: predictive analytics, demand forecasting, and automated decision-making - GenAI is about to turn our supply chain game into a sci-fi blockbuster! 📦💫 If you're not already buzzing with excitement, you should be. The potential for efficiency boosts and cost savings is so huge, it's practically screaming, "Upgrade now or get left behind!" 💼💡 For all you supply chain maestros out there, this isn't just a trend; it's a game-changer with a capital G! 📈💯 Early adopters of GenAI are like the trailblazers of the supply chain universe, streamlining operations, optimizing inventory management, and enhancing overall visibility. It's not just keeping up; it's surpassing the competition in the blink of an eye. 👀🔥 As we ride the wave of this supply chain revolution, staying informed is the secret sauce. Get ready to dance with GenAI, because this is more than just an upgrade—it's a symphony of innovation reshaping the industry. 🎶✨ So, fellow supply chain enthusiasts, let's be the pioneers of change! Embrace the GenAI future, and let's drive innovation and efficiency in supply chain management like never before. 🚀🔄 #SupplyChainRevolution #GenAI #InnovateOrGetLeftBehind

I love this chart ❤️👍 There is so much talk about the #future of #supplychain and many people will take it at face value. Therefore, it is great that Kearny and the World Economic Forum did a reality check. Take the example of reshoring and #decoupling: while 92% of firms are indicating to regionalize their manufacturing footprint only 28% aim to have regional supply chains by 2030 (which is still a huge effort). Same goes for #AI or #sustainability. The #gaps between strategic intent and operational delivery indicates it will talk a lot more time, energy and money to change our supply chains. Please find the full report „From Disruption to Opportunity: Strategies for Rewiring Global Value Chains“ here: https://lnkd.in/drQmMPtF

🚀 Introducing: Foster Creative Disruption at Procure Ai (4/4)🚀   Our commitment to "Foster Creative Disruption" isn't just a slogan — it's a mindset that fuels our journey towards excellence. 🌟 Thinking Beyond Boundaries: Empowering our team to think outside the box. 💡 Challenge Accepted: Challenging the status quo is in our DNA. 💥 Breaking Barriers: Embracing innovation, we open doors to possibilities others may not have imagined.   Join us!! Let's challenge the norm, break through barriers, and create a future that reflects our commitment to excellence and sustainable growth.   #AugmentedProcurement #ProcureAi #CreativeDisruption #CoreValues #TechStartup #PAiONEERS #DecisionIntelligence

As a Supply Chain Leader, it's imperative to recognize the significance of this technology, as many organizations are keen on being early adopters. Understanding the capabilities of this technology and leveraging it effectively can help create more strategic supply chains. How has AI helped you create a more strategic supply chain?

Why Manufacturers Need a Phased Approach to Digital Transformation Research Feature Those that succeed with this difficult work break it into three stages, each with its own guiding metrics. Nitin Joglekar, Geoffrey Parker, and Jagjit Singh Srai January 31, 2024 Reading Time: 16 min  Alex Nabaum/theispot.com The Research The authors conducted structured interviews with more than 50 manufacturing leaders, service providers, and academics worldwide, […] https://lnkd.in/dRjPKp3h Cyprus-CEO #CEO #business #management #marketing #tech #AI #legal #money

🚀 Let's dive into the buzz around digital transformation in the supply chain! Last week, at the Supply Chain Analytics Institute (SCAI) webinar, Chakri Gottemukkala, CEO and co-founder of o9 Solutions, Inc., shared some eye-opening insights 💥 on the hurdles companies face when diving into AI planning tech. Despite the potential for a $5 million saving, $2 million ended up down the drain due to slow adoption and skill gaps. While companies excel at handling incremental changes, which often feel safe and require minimal commitment, 🚀 true transformation is a different ball game. It involves risks and demands unwavering belief in your future vision. It's time to recognize that change isn't the same as transformation. 🛑 Relying solely on change management tactics for transformation often leads to failure. 🚫(HBR) 🛣️ Is your company on a journey of change or transformation? 🚀 🌟 #DigitalTransformation #SupplyChain #AIPlanning #Innovation #SCAI #o9Solutions #Strategy #Transformation #AI #ChangeManagement

“Innovation is accelerating, and global supply chains will get riskier and more complex. To compete, companies must invest in their own resilience". According to SupplyChainBrain, there are three ways that perspective analytics will boost the supply chain. Supply chain optimization, demand forecasting and pricing, and inventory and production management are the three core pillars that, when used as the basis of a connected supply chain, can make prescriptive analytics effective at mitigating risks, and delivering flexible, dynamic, and resilient supply chains. Additionally: Logistics Management Magazine discusses how the digital supply chain is coming into clear focus as organizations adopt more technology and invest in systems that help them to operate with more agility. Supply Chain Management Review Magazine publishes the results of a research firm Zero100, which concluded that while most businesses are interested in AI and are rapidly investing in AI, most have not moved past the pilot stage at this point. SupplyChain247 highlights four tips for building a positive reputation in the supply chain industry. Read the full articles in the comments below. #supplychain #artificialintelligent #supplychainresilience #supplychainagility #inventorymanagement