Is artificial intelligence the future of Supply Chain Management?

website builder Artificial intelligence (AI) is a hot topic right now, and everyone has an opinion. There are two main schools of thought regarding the use of AI in supply chain management; it’s either an excellent tool for increasing efficiency, or it’s an interloper robbing human employees of their jobs. Both perspectives are flawed.

What is a smarter supply chain?

The SC, which can analyze the alternatives and redesign the flow when disruption occurs, can be described as a Smarter supply chain ( Butner, 2010 ). It is about the digitalization of SC which also incorporates the planning and production sequence to create a visible, responsive, and agile network with the help of digital technologies.

What do large organizations do in a complex supply chain?

Large organizations often form a central part of complex supply chains. They must work with many stakeholders, including suppliers, manufacturers, distributors and retailers. Together, these stakeholders must negotiate contracts, transportation, warehousing, communication and distribution.

What is artificial intelligence in logistics?

Gartner defines AI as technology that applies advanced analysis and logic-based techniques, including machine learning, to interpret events, support and automate decisions, and take actions.