Inventory management benefits from SAP & Accenture solution
Inventory management benefits from SAP & Accenture solution
Accenture and SAP are combining to help organisations rethink their supply chains , by offering a solution to mitigate risk and improve efforts around both visibility and sustainability .
The solution – called Supply Chain Nerve Centre ( SCNC ) – is designed to help organisations control costs while responding to ever-shifting challenges across supply , demand and inventory .
Built on cloud , data , AI and analytics , the companies say the solution will provide “ N-tier supplier transparency ”. N-tier suppliers are those that exist beyond tier-1 contracted suppliers .
Accenture ’ s SCNC will allow organisations to :
n Enjoy deeper visibility into their network of suppliers and subcontractors
n Turn data into actionable insights
n Improve decision-making , by aligning suppliers with ESG values and goals .
n In its early stages , the solution will focus on sectors including consumer products , high tech , industrial manufacturing and automotive .
The companies hope that SCNC will help extend the capabilities of SAP Integrated Business Planning for Supply Chain solution , which brings together finance , sales and supply chain , and provide visibility on revenues , costs , margins and volumes .
‘ inventory hangover ’ in 2023 , this “ should dissipate by the second half of 2024 , as inventory levels continue to rebalance ”. He predicts this will occur “ first at the component level , then work through raw materials ”.
Hnatyshin sees tech making a positive impact on inventory management .
“ In 2024 ongoing investments in enriching data ecosystems will elevate overall demand and supply planning initiatives ,” he says . “ Excess inventory is a great example , as AI and ML can optimise inventory health and velocity , while generating a much clearer picture of potential outcomes to improve decision making .”