Wednesday, October 25, 2023

What should SCM providers be looking at AI to attract customers and retain them ?

The key operational factors that influence customer purchasing decisions for supply chain management facilities in the SCM sector include:

  • Cost: Customers want to find supply chain management facilities that can help them reduce their costs. This includes factors such as the cost of storage, transportation, and labor.
  • Reliability: Customers need to be able to rely on their supply chain management facilities to deliver their products on time and in good condition. This includes factors such as the facility's track record of on-time delivery, its security measures, and its disaster recovery plan.
  • Flexibility: Customers need supply chain management facilities that can adapt to their changing needs. This includes factors such as the ability to handle different types of products, the ability to scale up or down operations quickly, and the ability to meet customer-specific requirements.
  • Technology: Customers want to work with supply chain management facilities that use the latest technology to track and manage their products. This includes factors such as the use of warehouse management systems (WMS), transportation management systems (TMS), and real-time tracking.
  • Customer service: Customers want to work with supply chain management facilities that are responsive to their needs and provide excellent customer service. This includes factors such as the availability of 24/7 customer support, the willingness to go the extra mile to meet customer needs, and the ability to resolve problems quickly and efficiently.

In addition to these key factors, customers may also consider other factors when choosing a supply chain management facility, such as:

  • Location: Customers may prefer to work with supply chain management facilities that are located near their own operations. This can help to reduce transportation costs and lead times.
  • Reputation: Customers may also consider the reputation of a supply chain management facility before making a decision. This includes factors such as the company's financial stability, its industry awards and recognition, and its customer testimonials.
  • Sustainability: Customers may also be interested in working with supply chain management facilities that are committed to sustainability. This includes factors such as the company's environmental practices, its social responsibility initiatives, and its ethical sourcing practices.

Supply chain management facilities can use this information to develop marketing and sales strategies that appeal to potential customers. For example, a supply chain management facility can highlight its cost-effectiveness, reliability, flexibility, technology, and customer service in its marketing materials. The facility can also invest in building a strong reputation and demonstrating its commitment to sustainability.

Saturday, October 14, 2023

How I am exploiting AI in my professional and personal life ?

My school friend asked me, how much AI do I use or how can I use AI in my life ? Very interesting question. Here is my reply ..

Big example is Amazon Echo dot, Alexa. 

An example, best musical experience and best songs, be it any language, genre, Amazon AI helps with the best collection of songs on echo dot depending on my likes and preferences. 👍

Reg my teaching, I am able to deliver world class content to my students, give quizzes and subject outlines for teaching. I can feel the students feeling better and appreciating it. The satisfaction is writ large on their faces.

If I give any management qualitative problem to the AI pods like Bard or ChatGPT, it gives me excellent responses. 🙂🙏

I ask it to explain as to a 10 year old any tough concepts of knowledge not understood and it explains the concept to me in simple language, a great teaching tool...

One already uses AI when we access Google maps, shop at Amazon, watch Amazon prime or Netflix..

Like electricity has become a part of our lives to simplify and enrich it, AI is also going to play a more important role in our lives, enriching it.

George..

Top 20 points for global bschools to excel ..

A list of 20 key parameters for evaluating the quality of a global business school.. 1. Accreditation Accreditation from agencies like AACSB...