Demand Sensing is the ability to pick up on trends immediately, giving you the ability to rapidly analyze demand data and decide how and when to act.
As the disruption caused by the Coronavirus progress, industry observers and analysts expect more shoppers to spend less time in stores and more time buying items online, even after this time of crisis.
Supply chains are becoming increasingly complex, and so are their planning practices. Making sense of these complexities is often a manual, time consuming, and iterative process. But it doesn’t have to be.
There is one industry that seems to be thriving as the novel virus COVID-19, nicknamed coronavirus, spreads across the world, and that is the hygiene industry.
Instagram didn’t change or create any product themselves, but what changed was consumer culture in which supply chains have to be more adaptive than before.
With the term “fast fashion” evolving ever so quickly, fashion enthusiasts are constantly staying one step ahead before the newest and hottest trend comes along.
It is in every company’s best interest to be ready if they were to be affected by internet-breaking campaigns or risk losing these battles to competitors.
At Vanguard Software, we talk about integrating and automating supply chains on the digital front, namely through advanced analytics and automated planning.
Manufacturers must work hard to meet customer demand while managing production capacity.
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