No topic has been as focused on increasing the profitability of a company as the inventory levels required to create the right level of service. And rightfully so as it drives up to 10% of the EBITDA by impacting working capital as well as revenue. Whatever strategy for its stock policies an enterprise has, growth, cost leadership or providing total customer solutions, one thing all strategies have in common is that improvements can only be achieved through consistent further development of forecast accuracy. All other strategies require investments in supplier relationships or capacities. So it is literally gold lying on the ground.
CEOs and planners understand this, however, until now the road to harvesting these opportunities has been almost as expensive and time consuming as the benefits it would provide. The old ways of calculating forecast accuracy are also losing their value under the pressure of shorter lead-times imposed by customers.
Latest evolutions in technology now bring this power in the reach of every organization within 1 day. A bionic planning environment, in which the planner maintains control of the forecast using a transparent AI, gives any enterprise control over reducing inventory or increasing the level of service to the ideal level within 1 day!
On June 29th, Piet Buyck, CEO at Garvis, will share his insights on how you can monetize AI in 1 day with such a bionic tool: with an AI-based data-driven demand plan to an ideal inventory plan with auto-replenishment.
What will I learn?
The following topics will be discussed:
- Different strategies around stock & service;
- Different forms and functions of stock;
- The relationships between forecast accuracy, service, errors and cycle decisions;
- How a complete system with added value can be set up in 1 day
- Size of the price: what’s the total impact?
Whom will I listen to?
Piet Buyck is a global technology executive with over 30 years of success in managing and positioning high-value IT-applications that are disruptive to current practices. He is well known as an influential, strategic, business thought leader with significant achievements and expertise in artificial intelligence, demand sensing and demand planning. As CEO of Garvis, Piet is on a crusade to make artificial intelligence for forecasting easy, accessible, and explainable while keeping the planners in control.