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billion by 2029. Food suppliers, for example, hold a significant portion of operational revenue in their purchased but unused inventories, necessitating improved inventory control procedures. Supply Chain Dive recently found that over 67% of supply chain managers use Excel to keep track of inventory. That’s a problem.
Digital supply chains are: widely connected to both internal and external systems and data sources. For example; with a traditional planning model data is sourced and stored within the four walls. This limits the ability to share and source externally. more inclusive and collaborative. highly intelligent.
billion by 2029. AI powers predictive analytics where trends, preferences and purchasing behaviors are analyzed in-depth that help companies store the right product mix. AI can help identify potential disruptions and facilitate proactive adjustments, be it in sourcing, operations, or distribution. billion in 2024.
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