Taking AI to the Next Level for Supply Chains
Article from MHI Solutions Magazine
While most are generally aware of the potential benefits of AI for their organizations, the value of specific applications of AI for supply chains is less clear. Recent research by Accenture found that companies using generative AI, advanced machine learning and other evolving technology for autonomous decision‑making and advanced simulations can adapt to changes more readily and adopt continuously emerging technologies more easily.
Additionally, a study by Nucleus Research found the areas of most interest in AI use in supply chains were inventory management (45%), demand forecasting (40%) and route planning (35%).
Inventory Management
Inventory readiness requires knowing where inventory is located, including which warehouse and what position within the warehouse. AI tools can help position inventory to optimize operations based on forecasted demand, said Keith Moore, chief executive officer of AutoScheduler.AI…
