Sharper Forecasts and Streamlined Inventories: Harnessing AI in Specialty Bolt & Screw’s Supply Chain Transformation
This session will explore how Specialty Bolt & Screw (SBS) wanted to improve their forecasting, distribution, production and purchase planning and how they successfully now balance its global supply chain with weeks long supply lead times, with short delivery lead times of 2 to 3 hours from receiving the order, through their efficient inventory management practice. Hear best practices and insights around how to gain:
Sharper Forecasts: By improving demand predictions, you can not only greatly optimize inventory levels, you can save big on working capital
Streamlined Operations: Reduce manual workloads using AI and machine learning, leading to freed up planners’ time, boosting market responsiveness and productivity
Smart Inventory Management: By replacing manual checks of inventory with automated safety stock and item classification, you’ll gain flexibility and more accurate inventory management
