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SCCOST04-BP01 Use AWS services and advanced analytics to optimize overall supply chain costs - Supply Chain Lens
Implementation guidance

SCCOST04-BP01 Use AWS services and advanced analytics to optimize overall supply chain costs

Consider using AWS Supply Chain to help optimize overall supply chain costs by taking advantage of pre-built features that are already optimized for cloud infrastructure cost efficiency.

Desired outcome: Use AWS Supply Chain to take advantage of pre-built features and which are already optimized for cloud infrastructure cost. 

Benefits of establishing this best practice: Reduced cost, optimized performance, and better customer satisfaction.

Level of risk exposed if this best practice is not established: Medium

Implementation guidance

AWS Supply Chain's demand forecasting capabilities use machine learning to optimize inventory planning and mitigate over-stocking and stock-outs, enabling companies to maintain ideal inventory levels and minimize costs while supporting product availability.

AWS Supply Chain's data lake and visibility features help companies streamline operations, make more cost-effective inventory placement decisions, and optimize distribution by centralizing data from disparate systems to identify inefficiencies.

Implementation steps

  1. Evaluate current supply chain processes to identify opportunities where AWS Supply Chain can provide cost optimization benefits.

  2. Implement AWS Supply Chain's demand forecasting capabilities to optimize inventory planning and reduce carrying costs.

  3. Use AWS Supply Chain's data lake and visibility features to identify operational inefficiencies and cost reduction opportunities.

  4. Configure automated insights and collaboration capabilities to enable faster, more cost-effective supply chain decisions.

  5. Monitor cost savings achieved through AWS Supply Chain implementation and identify additional optimization opportunities.

  6. Continuously refine AWS Supply Chain configurations to maximize cost efficiency and operational performance.