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Artificial Intelligence(AI) in Supply Chain
By ICRUXTECH
This article covers the different aspects of Artificial Intelligence(AI) in Supply Chain. The importance of data and the different types of Analytics.Artificial Intelligence changes the way Organization plan Supply Chain Efficiency.Implementing AI in your Organization makes Business more efficient.AI can give huge benefits to organization but only if implemented taking in to account the different challenges and diverse nature of Supply Chain.
Data plays a key role for any AI system to make informed decisions . The underlying Data layer has to be a gold mine for AI to work wonders.
How can AI be applied in SCM ?
Chatbots for Sales and Procurement
There are multiple applications of Chatbot and we would soon have a article on what is a chatbot but Chatbots can be used extensively in your procurement and Sales . Right from tracking a customers order to placing Purchase Orders. Sending Instructions to Suppliers.
Predictive Analysis for Machine Maintainence
Coupled with Internet of things this can become a core system for deciding the down time.
It can also help a organization to plan its resources better.AI can use data from the sensors and process them faster than before which can be result in huge cost savings
Visibility to Demand
Anticipating demand and having a visibility to your customer buying pattern will always increase your Sales and also help you drive Fulfillment much better. This requires lot of investments in your Customer Order Experience .
There are many other implementations of AI in Warehouse Management , Order Promising. AI can also be used for Supplier Relationship Management .
The Key Components of AI are as follows :
- Understand the various forms of data
- Make decisions and Predictions and autonomously
- Analyze inputs and create Knowledge Patterns
Around the world Supply Chain is adopting a lot of this new technology and expanding its reach to its customer and moving towards a robust Supply Chain System.
Our team has varied experience in helping clients in this Journey and also helping Customers understand how they can significantly bring improvements around this area .
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