Inventory distortion isn't just a problem for supply chain teams; it results in missed sales, dissatisfied customers, excess wastage and capital tied up in stocks.
Technological advancements like RFID and GPS have revolutionized supply chain management, providing visibility and rapid response capabilities, but also increasing risks such as cyber threats. A combination of physical barriers, technological solutions, and procedural controls creates redundancies that enhance resilience against threats like theft and tampering.
Artificial intelligence can aid in the primary goal of warehouse management: to get the right inventory as close to the end-consumer as possible, says Corey Calla, president and CEO of SencorpWhite.
While supply chain automation often begins in the warehouse, it can extend beyond to transportation management, fulfillment and returns, and even customer-facing locations.
The actual experience of many logistics and other business executives suggests that artificial intelligence remains more a subject of hope and hype than a practical tool in everyday use.
Wanda Johnson, supply chain technology fellow with Deloitte Consulting LLP, reveals the findings of the firm's annual industry survey, in collaboration with MHI, on the adoption of technology in the supply chain.
The latest news, analysis, trends and solutions for artificial intelligence (AI) and its impact on supply chain management. New AI technologies are transforming the way companies do business — and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of AI and machine learning technologies for supply chain management.
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