There’s an ever-increasing amount of data surrounding the global supply chain, with more data sources always joining the party. It’s easy to get stuck in reactive mode, sifting through piles of information and trying to figure out what’s beneficial when you’re already in crisis mode. This discussion will dig into developing a more purposeful, proactive approach to digital data and data-driven decision-making, covering five key steps that can help you stay ahead of a rapidly changing world.   In this session, we’ll uncover: Strategically Navigating Data: By starting with the end in mind, you can unlock the true power of data and acquire the skill to extract meaningful insights. Unveiling Stakeholders and Impact: Learn to identify key stakeholders and understand the ripple effect in complex interconnected networks. AI’s Reality vs. Hype: Explore the potential of AI to distinguish reality from fantasy. Elevating Data Quality: Transition your team from chaos to clarity by embracing standardization, normalization, and data quality for informed decision-making. Close the Loop with Measurable Success: Pave the way for achievable goals and tangible outcomes to set the stage for succes

ERPs are pivotal in streamlining operations; however, not all ERP solutions provide adequate inventory optimization functionality. SMBs need functionality that provides inventory visibility, automated processes to reduce excess stock and avoid stockouts, precise forecasting capabilities, and predictive analytics to minimize supply and demand risks. Customizing your ERP can lead to expensive challenges in the long term, especially when performing automatic upgrades. Consider using best-in-breed inventory solutions from Independent Software Vendors (ISVs) to enhance ERP functionality without unnecessary complexity, ensuring long-term adaptability and efficiency To balance inventory and costs, businesses need to understand what tools are fit for purpose to help achieve inventory optimization, financial success, and market competitiveness.   From this discussion, the audience will have a better understanding of: – The functionality of ERPs – How to assess if ERPs deliver on inventory goals and capabilities – Identify missing gaps for better inventory planning and optimization – What key features to prioritize when selecting an inventory add-on solution – Rearview vs front window when it comes to forecasting and risk in your ERP – How to measure ROI – how best-of-breed solutions like Netstock show ROI when integrated with an ERP