Amazon Web Services (AWS) has announced four new capabilities for AWS Supply Chain that extend upstream, enhancing visibility and insights.
The new features means the solution can help a new set of customers, including manufacturers, with supply planning, collaboration, sustainability, and generative AI capabilities to support upstream supply chain processes, such as supplier orders. The new capabilities, which will be available in 2024,
A new Supply Planning feature will help customers forecast, plan, position, and replenish components and finished goods to reduce inventory costs and respond more quickly to demand variations and supply disruptions.
AWS Supply Chain N-Tier Visibility, meanwhile, streamlines communication between customers and multiple tiers of suppliers, improving their ability to more accurately respond to supply plans, as well as manage demand or supply changes during the execution window.
With this capability, customers can collaborate securely with their trading partners in just a few clicks.
Third, the Sustainability solution will provide a central repository, enabling customers to request, collect, and audit sustainability data.
The final new feature is Amazon Q, which provides supply chain professionals with a generative AI assistant to provide a summarised view of key risks around inventory levels, demand variability, and visualises the tradeoffs between different possible scenarios.
AWS managed supply chain services extended
AWS Supply Chain VP Diego Pantoja-Navajas says: “Customers are excited that we're making our extensive supply chain experience available to them as a managed service. That, combined with our industry leading analytics and ML, means customers can now track and plan for products more predictably, from manufacturing facilities to final points of distribution.
“With AWS Supply Chain, our customers have been able to increase inventory visibility and execute on insights to mitigate supply chain risks, reduce cost, and improve customer satisfaction.
“And thanks to the power of generative AI, customers can ask Amazon Q in AWS Supply Chain what is happening across their supply chains and receive intelligent, conversational answers to complex questions.”
- For further insight check out other issues of Supply Chain Magazine, as well as Procurement Magazine & Sustainability Magazine
BizClik is a global provider of B2B digital media platforms that cover executive communities for CEOs, CFOs, CMOs, and leaders in sustainability, procurement, supply chain, technology & AI, cyber and FinTech. It also covers industries such as manufacturing, energy and EV. BizClik is based in Norwich, London, Dubai & New York. It offers content creation, advertising and sponsorship solutions, webinars & events.
- Bain: CEOs Leveraging Supply Chain for Competitive EdgeDigital Supply Chain
- SAP's new AI CO Herzig 'Will Drive the Tech to Next Level'Technology
- EY: GenAI in supply chain 'hampered by roadblocks'Technology
- Surge in Container Ship Orders 'Will Ease Red Sea Crisis'Supply Chain Risk Management