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Artificial intelligence transforming the way warehouses operate
Read on to know more about how AI is revamping the warehouse management domain and how it can be beneficial for your business as well. There is a lot of hype built around artificial intelligence and how organizations operate. We are in the year 2020 where the current pandemic has taken a toll on the…
Artificial intelligence in Demand Forecasting
Gartner survey has indicated that frequent fluctuation in demand is one of the critical problem areas for businesses and it encompasses every industry. Businesses face many inventory management challenges when they are managing supply chain and demand forecasting is an essential part of the growth strategies for companies. Demand forecasting allows companies to lower their…
Uses of Artificial Intelligence and Machine Learning in Logistics
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…
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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…
How can the Inventory be managed better?
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…