This episode covers the 2024 Predictions for Supply Chain.

✅ChatGPT
As Supply Chain and Procurement practitioners always looking for ways to make our work more effective and efficient, my prediction is that the use of ChatGPT will trend upward.

✅Dashboards for Communication with Stakeholders
Data visualizations like those from PowerBI will be on the rise because they have different levels of aggregations so your stakeholders can see only what they are looking for.

✅Sustainability
Sustainability has been trending in the most recent years. I think 2024 will not be the exception.

✅Procurement as Revenue Generator
I think this year, Procurement will show and educate more about their financial impact on the top and bottom lines.

✅Logistics Planning and Execution
Logistics will continue to make headlines. Companies will increase their focus on logistics planning and execution.

✅Innovation with New Product Introductions
Companies will continue investing in innovation. I think the trend will be upward about product launches.

✅Inventory Optimization
Most companies will be focusing on inventory optimization in 2024 to achieve greater profitability and to free up cash.

✅Operations and Finance Integration – Advanced S&OP/ IBP
I think that in 2024 there will be an increased focused on the intersection between finance and supply chain to improve profitability and working capital.

✅Supply Chain in the C-Suite
This year, we are keeping a seat at the table with a supply chain that integrates with finance and with participants that know the language of the business—finance and accounting—the language that the C-suite speaks.

✅Generative AI
I think that the adoption of these technologies will move at a slow pace. Excel will continue to be the top planning tool in 2024, used together with the company’s ERP and advanced planning systems.

Hope you like it!

What are your thoughts? What predictions would you add?

Let's make it a GREAT year!

Bonus Tip: For Free and Actionable Resources, please visit https://usmsupplychain.com/