“ Industries leveraging ERP systems that are designed to integrate AI seamlessly can swiftly analyse vast data volumes ”
ANDY COUSSINS HEAD OF INTERNATIONAL BUSINESS AND EXECUTIVE VICE PRESIDENT , EPICOR
In the past , global supply chains were established with the goal of ensuring that products reached their destination precisely when needed to fulfil customer expectations . This ‘ justin-time ’ approach however , meant that if there was a disruption either at home or abroad , a plant could be brought to a standstill and disable a manufacturing facility , especially for SMEs that may only keep up to five days of inventory .
“ These global events which have disrupted supply chains over recent years have exposed the inefficiencies of the ‘ just-in-time ’ model and shown that resilience is key when it comes to supply chain management ,” asserts Coussins . “ Companies have since been shifting their mindset towards more of a ‘ just-in-case ’ model , which encourages decision-makers to predict potential challenges in the supply chain , plan ahead , and adequately prepare to effectively handle future disruptions and the challenges that accompany them .”
In order to strengthen an organisation ’ s entire network , Coussins feels that it is of vital importance to be able to identify any
106 April 2024