Artificial intelligence and machine learnings are a major part of our lives today. These technologies pan across different industries including the supply chain. In the previous blog we mentioned how AI is reshaping procurement, another domain that AI is having major impact is Logistics. AI allows companies to make optimum use of their resources…
We have compiled a few ways in which artificial intelligence is reshaping procurement. To be relevant in today’s competitive environment, the company’s around the globe are integrating a host of technologies in their organizations. Although digital transformation is the need of the hour many companies are still at a very nascent stage not exploiting…
At the crux of efficient supply chain management lies the challenge of balancing the supply and demand for inventory. To manage inventory successfully it is crucial to accurately predict and forecast the demand for the product. It is done by combining historical purchasing data with the buying trends of the consumer to predict the…
Inventory Management Using Machine Learning For businesses that want to achieve growth, it is imperative to get a grip on the concerns causing hindrance to their inventory management. If a company wants to enjoy high profitability their inventory needs to turn faster. Customers expect speedy deliveries but to achieve customer expectations, businesses need to…