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Having spent my entire career touching SupplyChain in one form or other it is interesting that I only began to hear the phrase “SupplyChain” in the early to mid 1990s. It started to show up in job titles, functional names, metrics, and processes. Conclusion SupplyChain professionals are busy people.
Indicating that Generative AI and agents are increasingly capable of supporting more capabilities, Jassy specifically indicated that AI will improve inventory management, product demand forecasting and the efficiency of work assisted robots: “ Agents will allow us to start almost everything from a more advanced starting point.”
Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Relative Importance of SupplyChainSkills.
They must oversee inbound and outbound inventory, manage warehouse space , consider order processing, handle employee complaints, report to stakeholders, supervise new system implementation and address the looming skills gap. A Guide to the Warehouse MetricsSupplyChain Execs Should Track. Download WhitePaper.
State of Industry SupplyChains Regarding the state of industry, Eshkenazi’s observations were that industry supplychains are “ on the backside of the bullwhip effect ” with companies still managing inventories in a “ just-in-case ” environment with higher inventories and additional buffers.
In a nutshell, the pandemic has increased the importance of supplychain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supplychainskill sets. Getting Started in SupplyChain. Track KPIs and benchmark the supplychain’s performance.
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