Boarding Now: CPG leaders are Gearing Up for the AI Express!
by Aftab
February 28 2024 | 03 min read
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It’s certainly no longer “business as usual” in the ever-evolving Indian FMCG landscape. A convergence of factors has placed significant pressure on organisations to address a wide range of new challenges and priorities that, in many cases, existing supply chains aren’t capable of handling.
Most existing models were built for a different time, when scale was achieved by delivering truckloads of goods to warehouses and then retailers. This model relied on a high level of demand predictability and valued efficiency above all else.
With supply chain disruptions everywhere, which model could bring about a sustained competency for your business? Don’t fret, we’ve got you covered! Here’s an industry backdrop to get you warmed up.
According to a survey by Gartner, top companies in the CPG sector are investing in artificial intelligence and machine learning (AI/ML) to optimise their processes at more than twice the rate of low-performing competitors. The survey also revealed that the best supply chain organisations are using productivity, rather than efficiency or cost savings, as their key focus.
The Future is Now: AI’s Role in Tomorrow’s Supply Chain:
- Data-Informed Analysis: Making decisions based on thorough analysis.
- Human-AI Collaboration: Advanced intelligence working alongside humans.
- Shared Data for Excellence: Driving process excellence across the supply chain.
How BizomBud is ready to assist you in the present:
- Outlet Universe Hygiene with GenAI: Achieve unparalleled sales analysis with the power of GenAI, ensuring your outlet data is cleansed and ready for accurate insights.
- Smart Merchandising: Revolutionise your retail execution with automated data insights, ensuring your products stand out on the shelves.
- Suggested Order: Boost efficiency and performance with intelligent sales orders, cracking the code to a streamlined route-to-market.
- Retailer App: Bridge the gap between your brand and retailers, fostering seamless communication, and empowering retailers to place and track orders effortlessly.
- DIY Analytics: Empower decision-makers with user-friendly analytics tools, enabling them to make informed choices for the future.
In 2024 organisations could gain fundamental opportunity by focussing on the strategic application of GenAI, adopting a low-touch planning approach, striving for data excellence and transparency. Time is of the essence, and those who are ready and willing to adapt quickly will be better able to unlock value, reduce costs and embrace new models of success.
Find out how Bizom helps in achieving efficient operations. Write to us on marketing@mobisy.com to grab your tickets for the ride!
