{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"2024 Predictions for Supply Chain","description":"This episode covers the 2024 Predictions for Supply Chain. \u2705ChatGPT 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. \u2705Dashboards 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. \u2705Sustainability Sustainability has been trending in the most recent years. I think 2024 will not be the exception. \u2705Procurement as Revenue Generator I think this year, Procurement will show and educate more about their financial impact on the top and bottom lines. \u2705Logistics Planning and Execution Logistics will continue to make headlines. Companies will increase their focus on logistics planning and execution. \u2705Innovation with New Product Introductions Companies will continue investing in innovation. I think the trend will be upward about product launches. \u2705Inventory Optimization Most companies will be focusing on inventory optimization in 2024 to achieve greater profitability and to free up cash. \u2705Operations and Finance Integration \u2013 Advanced S&amp;amp;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. \u2705Supply 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\u2014finance and accounting\u2014the language that the C-suite speaks. \u2705Generative 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\u2019s 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&amp;nbsp;https:\/\/usmsupplychain.com\/ ","author_name":"Adventures in Supply Chain","author_url":"https:\/\/usmsupplychain.com\/podcast\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/29540803\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/29540803"}