How does Bosch’s digital supply chain management approach leverage AI/ML and IoT to improve demand forecast accuracy compared to traditional ERP-driven models.
Bosch’s digital supply chain management approach enhances demand forecast accuracy by using AI/ML and IoT to analyze real-time data. Instead of relying solely on historical trends, their system continuously adapts to market changes, consumer preferences, and external disruptions. This helps businesses optimize inventory, reduce waste, and improve operational efficiency.
Compared to traditional ERP-driven models, Bosch’s AI-powered approach enables dynamic forecasting through cloud-based planning and blockchain-based transparency tools. These technologies ensure secure data sharing, improve traceability, and enhance supply chain visibility, allowing companies to make faster, more accurate decisions in response to demand fluctuations.
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