Prepare Your Supply Chain For 2024 With SCAI

Supply chain management is an important aspect for a business and is essential to company success and customer satisfaction. There has been a dramatic shift in how value chain resilience has shaped up to factors such as recession, inflation, geopolitical/trade risks etc. As we dive into 2024 progressively, it's essential to be aware of the latest trends and technologies that can help improve operations and stay ahead of the competition.

Organizations are now reworking their strategy to utilize the latest technology to streamline SCM, to stay ahead of their competition and simultaneously increase their profits and revenue. Let's understand, how 3SC’s intelligent supply chain solution, SCAI can be leveraged to keep up with these trends.

Supply Chain Trends Achieved Through SCAI

1. Automation of Supply Chain Management

   Supply chain automation is one of the most significant trends for 2024. Automation can help reduce costs, improve efficiency, and increase accuracy, which are all critical to the success of any value chain. Automation can be used for a variety of tasks, including inventory management, transportation planning, and demand forecasting.

   3SC SCAI (Supply Chain Artificial Intelligence) is an intelligent supply chain planning and execution platform that enables enterprises to build a synchronous, resilient, and sustainable supply chain. SCAI consists of Integrated business planning (IBP), Supply chain risk management (SCRM), Enterprise data management (EDM) and CarbonX, as collectively these modules shape up to be a game-changing capability that helps in the digitization and automation of the entire value chain.

2. Supply Chain Sustainability

   Sustainability is becoming an increasingly important issue in supply chain management, and it's expected to be a major trend in 2024. Businesses are under pressure to reduce their environmental impact and operate in a more sustainable way.

   3SC SCAI’s CarbonX is a SaaS platform offering designed to help companies understand, analyze, and identify the risks and effects of GHG emissions. It offers comprehensive indexing on carbon dioxide equivalent, sources, and associated bottlenecks, as well as action plans to mitigate on the said issues.

3. Agility in the Supply Chain

   Agility in business points to the company’s ability to respond quickly to changes in the market. This includes being able to adapt to changes in demand, supply disruptions, and other unexpected events.

   3SC SCAI's Integrated Business Planning module can help you elevate your supply chain agility. It can optimize your operations, enhance decision-making, and respond quickly to changes in the market. By using IBP, you can improve your value chain's ability to adapt to changes in the market and stay competitive.

4. Risk Mitigation and Adaptability

   An essential aspect, SCRM makes up for one the most crucial elements of supply chain operations. In today’s volatility, businesses need to be able to anticipate and mitigate risks, such as economic disruptions, natural disasters, and other unexpected events.

   3SC SCAI Risk Management & Digital Twin module is an intelligent and agile AI-based platform that helps organizations enhance resilience, improve competitiveness, and minimize the impact of the disruption.

   The platform finds and manages the disruptions by using a combination of Advanced analytics technology, collaborative capabilities, enhanced end-to-end visibility, proprietary risk detection and recommendation engine. 3SC's risk management uses known risk portfolios to identify and manage future disruptions in the supply chain.

5. Collaborative Planning

   Collaborative planning is a must for enterprises to optimize end-to-end operations. This allows businesses to share data, coordinate their activities, and make better decisions together through collaboration.

   3SC SCAI’s Integrated Business Planning (IBP) module can help you improve your supply chain's collaboration. It allows you to share data and information with your partners, coordinate activities, and make better decisions together. By using IBP, you can bolster your supply chain's ability to work closely with partners and suppliers, resulting in a more efficient and productive operation. It establishes real-time shared visibility and processes with partners to facilitate identification and resolution of issues.

6. IoT Tracking

   An up-and-coming demand of businesses is the need to be able to track their goods in real time. IoT tracking allows businesses to monitor the location, condition, and status of their goods as they move through the supply chain.

   SCAI's Risk Management and Digital Twin module aids in tracking goods in real-time. It allows you to monitor the exact status of your goods as they move through the value chain process. This helps you anticipate and mitigate risks and improve your supply chain's overall efficiency.

In conclusion, 3SC’s marquee platform is a powerful AI and ML-based supply chain platform that can help you stay on top of the latest implementations and technologies in SCM for 2024. By using SCAI's management modules, you can implement these trends into your value chain and improve overall efficiency, productivity, and sustainability. Additionally, the platform offers a way to anticipate and mitigate risks, track, and monitor your supply chain in real-time, and collaborate with partners and stakeholders. Stay ahead of the competition by preparing your supply chain for 2024 with SCAI.