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AI for Supply Chain & Logistic
Logistics is an important and integral component of any business. It is the process of planning, organising, and controlling the flow of goods from the origin to their destination.
The supply chain industry plays a crucial role in ensuring that goods reach consumers in a timely manner. Traditional supply chains are becoming obsolete because of advances in technology, which has led to new methods for automating logistics processes and improving operational efficiency.
A 2018 Gartner report forecasts that by 2020, 25% of global supply chain leaders will be using AI-driven analytics technologies to make decisions on operations or services and 30% will use them to automatically execute these decisions. AI and automation have proven effective at streamlining operations while meeting cost targets and customer expectations.
Artificial intelligence can be used to help logistics companies to save time and money. AI has the potential to generate more accurate forecasts, identify new opportunities, prioritize and manage inventories with less human involvement.
There are a lot of other possibilities that AI can provide for supply chain and logistics industry. AI could be used in forecasting and demand forecasting, which is crucial for any business. Forecasts are usually inaccurate due to human error and bias, but with AI this problem could be fixed. It's easy to see how these advances will cause significant improvements in efficiency. Another use case is in inventory management - where it may significantly reduce the need for human interaction if automated enough, which could have a dramatic cost-cutting effect that would free up time for workers elsewhere in the company or at another company completely.
To learn more about the misconceptions related to Artificial Intelligence visit bit.ly/3ur8hlp
#emergingindiaanalytics #analytics #AI #artificialintelligencetechnology #aiforbusiness #datasciencejobs #bestdatasciencecourse #DATASCIENCE #supplychainmanagement #logistics
AI for Supply Chain & Logistic
Logistics is an important and integral component of any business. It is the process of planning, organising, and controlling the flow of goods from the origin to their destination.
The supply chain industry plays a crucial role in ensuring that goods reach consumers in a timely manner. Traditional supply chains are becoming obsolete because of advances in technology, which has led to new methods for automating logistics processes and improving operational efficiency.
A 2018 Gartner report forecasts that by 2020, 25% of global supply chain leaders will be using AI-driven analytics technologies to make decisions on operations or services and 30% will use them to automatically execute these decisions. AI and automation have proven effective at streamlining operations while meeting cost targets and customer expectations.
Artificial intelligence can be used to help logistics companies to save time and money. AI has the potential to generate more accurate forecasts, identify new opportunities, prioritize and manage inventories with less human involvement.
There are a lot of other possibilities that AI can provide for supply chain and logistics industry. AI could be used in forecasting and demand forecasting, which is crucial for any business. Forecasts are usually inaccurate due to human error and bias, but with AI this problem could be fixed. It's easy to see how these advances will cause significant improvements in efficiency. Another use case is in inventory management - where it may significantly reduce the need for human interaction if automated enough, which could have a dramatic cost-cutting effect that would free up time for workers elsewhere in the company or at another company completely.
To learn more about the misconceptions related to Artificial Intelligence visit bit.ly/3ur8hlp
#emergingindiaanalytics #analytics #AI #artificialintelligencetechnology #aiforbusiness #datasciencejobs #bestdatasciencecourse #DATASCIENCE #supplychainmanagement #logistics