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Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Multi-tier supplychainanalytics and predictive analytics help mitigate supplier risks and strengthen your supplychain.
Logistics and Transportation: Logistics and transportation play a crucial role in ensuring the smooth flow of goods from suppliers to customers. Transportation and Logistics: Managing transportation logistics, especially in global supplychains, can be complex and costly.
The goal of digital transformation in supplychain planning functions is to create a Digital Twin that is the digital replica of the supplychain. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them.
Long-term visibility on excess or unproductive inventory: This will enable forecast accuracy improvements over time. It has been estimated that by 2020, 50% of all business analytics software will incorporate cognitive computing functionality in order to deliver business growth and remain competitive in today’s world.
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