How AI Optimizes Supply Chain Decision Making
Article from MHI Solutions Magazine
Sci-fi films may portray artificial intelligence (AI) as a threat to humanity, but in the real world of supply chain, AI provides many benefits to the humans who interact with it. As a powerful decision-making tool, AI helps workers be more effective and more productive.
The term AI encompasses many related technologies, including machine learning and generative AI (natural language processing), that simulate human thinking and problem-solving. It can be seen as the next step in the evolution of predictive analytics, which enable companies to look at data to understand future demands, and prescriptive analytics, which help them determine how to use their assets optimally.
“The power of AI is in the machines being able to learn by working with massive amounts of data, seeing patterns, learning based on those patterns and then applying what they’ve learned to put forward a recommendation on some business situation,” said Jagan Reddy, managing partner, Netlogistik US…
