Are these seven deadly sins plaguing your supply chain in India?

Indian companies need to see their supply chains are sources of value-and then take action to unlock that value. To do so, they need to innovate and eliminate traditional practices

The emergence of new digital and analytic capabilities, combined with significant policy changes and rising customer expectations, mean companies in India need to upgrade their supply-chain processes. Here are seven outdated, but all too common, practices that companies need to watch out for — and change.

Having your planning team forecast demand. With the advent of machine learning and neural networks, having demand-planning teams churn out numbers based on statistical models is not good enough. The best forecasts are now created from advanced analytics engines that crawl the web for digital signals, take into consideration crowd-sourced data, and can explore correlations