Image source: columbusglobal.com
Supply chain management accounts to a huge portion when it comes to the finances of a manufacturing or a logistics-driven business. Even the smallest improvements can make the flow more fluid which can result to more efficient processes, increased productivity, higher yield, or more deliveries. With today’s supply chain becoming more advanced, companies have turned to artificial intelligence to help manage their supply chain. Here are some useful applications of AI in the supply chain.
AI can augment certain processes in a way that benefits their human counterparts. There are some functions that simply take humans too much time to do such as complex computations or data analysis. AI can be employed in these situations to reduce errors and risks.
Automating machines help reduce human errors to almost zero in the supply chain. By removing human workers from the equation, this can bring work-related risks to an all-time low. This also makes the workplace much safer for people who operate these automated machines.
Image source: wsj.com
Automated machines can also work non-stop which can boost productivity even further. It can have the capacity to monitor itself and alert people in charge if there is any problem in the system.
Lastly, AI can be used to help managers create forecast strategies based on existing data. This can very well optimize supply chain decision-making.
Eddie O'Brien is the CEO of the Americas at Arvato Bertelsmann, overseeing the growth and execution of a multibillion-dollar business that delivers a host of BPO services including SCM, CRM, financial and IT solutions. He worked for several multinational companies in locations as varied as Poland, Romania, the Czech Republic, and Spain. For more reads on technology, visit this