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Effective demand planning is crucial for meeting customer expectations and driving profitability. Companies need to be agile, responsive, and precise in their planning to stay ahead of the competition. Firstshift provides AI-powered supply chain management solutions that help businesses plan with confidence using generative AI and machine learning. Our advanced demand planning platform offers a comprehensive approach by allowing companies to plan using different planning methods to optimize their efforts.

2 July 2024, Los Altos, CA: Firstshift is proud to announce they have earned a place among the Hatcher+ Top 100 Global Startups for June 2024 - the world’s first-ranked list of startups based on an unbiased, AI-powered, global scoring system for startups. 

The world of supply chain management is complex and challenging for many businesses. Accurate demand planning is paramount to success. One of the key elements in achieving this is better forecast accuracy. With the right strategies and technologies, businesses can optimize inventory levels, reduce costs, and meet customer demands more effectively. Let’s explore the importance of forecast accuracy in demand planning, the benefits it brings, and how to achieve it using advanced analytics and real-time data integration, with a special focus on AI and machine learning (ML) capabilities.

Supply Chain practitioners rely on a large amount of data and insights to make critical decisions around what, when, where and how much to produce, distribute and store. Traditionally the data and insights are presented to them either in the form of analytics dashboards, However, most often these dashboards and the insights provided by them to answer an adhoc question can help make a critical decision. This is where domain-specific generative AI steps in, revolutionizing the way businesses access and utilize supply chain insights and diagnostics.

We are excited to announce an exciting strategic partnership with CGS that will revolutionize the way their clients operate. By joining forces with Firstshift, CGS can now offer their clients a comprehensive solution enriched with cutting-edge AI-powered capabilities.

Now is the time to be thinking about supply chain success in 2024. Optimizing your company’s supply chain to drive maximum efficiency and cost savings over the next few years is no easy feat. Still, the good news is that Firstshift brings technologies and best practices to make it possible to build a supply chain that’s faster, smarter, and more responsive than ever before.

The impact that supply chain leaders have on their respective businesses is predicated on the supply chain management systems and especially supply chain planning systems that they have in place. While many have already adopted some tools to support market demands — or at least have plans to — these tools are often cumbersome, disconnected or subsidized with spreadsheets. In fact, according to a 2020 survey conducted by Modern Materials Handling, a staggering 45% of supply chain professionals reported they are using mostly or entirely manual processes. The bad news is, those who continue to rely on manual planning will likely fall behind. But, the good news? Transitioning from spreadsheets to digital planning supported by AI-powered planning solutions is very much within reach.

At Firstshift.ai, we’re dedicated to helping businesses unlock the full potential of their supply chains. One of the essential components of modern supply chain management is Demand Sensing. Learn more about how this is critical to supply chain performance and why it’s a game-changer for businesses of all sizes.

In today’s rapidly changing business landscape, being a forward-thinking leader in the supply chain industry is more critical than ever. The role of the Chief Supply Chain Officer, Vice President of Supply Chain, or other supply chain leaders has never been more complex, demanding, and pivotal to driving company performance. We understand that your schedules are tight, and your plates are full, yet your challenges persist. So, let’s talk about the advantages of acting now on demand sensing software and how you can empower your supply chain planning team, especially those responsible for demand planning and channel-specific performance.

For years, we have been called to leverage some degree of digital transformation — most often to accelerate visibility, reduce working capital or streamline process changes.  Among business functions that are well-poised to benefit from the digital shift,  supply chain management ranks among the top because of its data intensive nature. As leaders navigate the ongoing complexities of today’s supply chain, many have embraced or have plans to embrace the transformation.