Intelligent Inventory: Transforming Supply Chain Efficiency

In today's world of growing demand, inventory within supply chains can be an overwhelming task.

Customer demand – particularly within ecommerce – has increased, meaning businesses are finding themselves with more inventory than ever before. However, this comes with volatility and significant shifts, as trends become a more widespread event, with ongoing changes.

In order to avoid over-ordering or under-ordering, businesses need to have strong strategies to ensure they meed the necessary inventory needs and can manage the workload.

Join Supply Chain Digital and Amazon Business for an exclusive webinar about how inventory optimisation is being transformed with machine learning. 

Meeting demand

In a world of constantly shifting consumer demand, heightened expectations and changing trends, predicting necessary stock can be an immense task. In the age of social media, trends are going global, as seen by the matcha craze and the rising popularity of ube. 

In manufacturing organisations, demand for critical materials, such as semiconductors and steel, is rising. 

With this, businesses need to have an ongoing awareness of trends and consumer expectations – but it is vital to avoid excess ordering. Ensuring the optimal levels of stock at any given time is of great importance to modern supply chains. Not being able to meet demand through low stock levels means that customers are leaving unsatisfied and might take their business elsewhere.

On the other hand, having excess stock increases waste and needlessly high expenses if the products do not sell. To combat these issues, businesses are turning to machine learning as a means to transform inventory optimisation. 

In an exclusive webinar, experts will discuss practical strategies to improve demand forecasting, reduce excess stock, build more resilient inventory management processes and increase operational efficiency. Using intelligent and data-driven decision-making, business leaders can get the most out of their modern supply chains. 

The webinar, hosted by Amazon Business in association with Supply Chain Digital, will take place on July 29, from 4pm-5pm BST. Register now for your chance to learn about gaining efficiency through intelligent inventory optimisation. 

Why attend

The webinar aims to offer actionable insights, through advice from industry experts and technology leaders. The webinar will also help you explore scalable approaches to demand planning and inventory optimisation, which you can take back to your own business operations.

By attending the webinar, you can learn how to apply data-driven supply chain strategies to unlock and improve operational efficiency, making it easier for your business to keep up with modern demands. In an online world, it is also vital that leaders understand how emerging trends are shaping digital supply chain transformation – this webinar will offer keen insights into this.

Key talking points

The webinar will focus on how machine learning can enhance inventory forecasting accuracy and visibility across the supply chain. This helps businesses plan better and gain a greater awareness of any risk which may impact the operation.

Discussions will also take place on how leaders can reduce stockouts or overstocking, as well as how to maintain a steady level of operational costs. Attendees will also gain insights into how supply chain resilience is being increased through intelligent inventory optimisation, as well as real-world applications of AI and automation within inventory management. 

Leaders wanting to transform their digital supply chains in order to achieve inventory optimisation need to attend the webinar. Register now to avoid missing out. 

Meet the speakers

Mark Pizov, Senior Director, Chemical Manufacturing Supply Chain at Avantor will be taking part in this seminar, offering key insights into inventory optimisation. 

With a supply chain career of more than 20 years, Mark has implemented a range of planning and forecasting strategies across his businesses. His extensive expertise in supply chain management, operations management and project management means he will be offering key insights into how organisations can optimise their supply chain through inventory changes. 

Marc Malone, Project Executive and Offering Manager at IBM Consulting has an extensive 34 year career at IBM, working in various leadership roles. Throughout this time, he has built a strong record of delivering business-critical initiatives using AI and supply chain management. He will also be taking part in the webinar. 

To gain insights from these experts and learn about inventory optimisation, register now for the upcoming webinar.