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A shift in supply chain planning is underway. The traditional hierarchical supply chain model is changing due to a tightening link between planning and execution. Predictive commerce is a new strategy that connects upstream demand sensing with downstream supply chain planning and execution in a single model, leveraging granular demand visibility down to the SKU-Location level.
The foundation of a predictive commerce application is an integrated predictive forecasting and dynamic replenishment model. It takes advantage of new ways to capture the demand signal and its impact on the supply chain. It leverages data readily available from ERP or a Demand Signal Repository (DSR) for cross-functional decision making. The infographic above illustrates how Costa Express does their predictive supply chain planning.
To read more about predictive commerce, read the complete article here.
ToolsGroup also shared seven ways to start reducing latency in your supply chain. Read the article here.
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