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…
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…
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…
What is the Problem with Logistics? Spatial Data – These are the data that contains longitude, latitude and time-stamp which makes it extremely difficult to mine without using a sophisticated programming language. No anomalies tracking system – Currently there is no way to detect if there are any anomalies in the performance of 3PL and…
There are a lot of Big Data trends to prep for in 2020. As time goes on, it is important to take note of the new trends, as these trends can be used to help either grow or get more business, in the new year. We all have accepted the fact that Big Data and…
Artificial Intelligence (AI) has become dramatically popular over the last few years with Google and Amazon investing large amounts of funds into research and development of new systems using AI. With large companies adapting to the new shift towards AI, does that mean you as a startup should as well? Questions like, “Can I build…
Artificial intelligence (AI) is a machine that is able to mimic human behavior. Associated behaviors include planning, learning, reasoning, and problem-solving just to name a few. As AI technology gets better and faster the future of AI is expected to help improve human communication and increase efficiency for many service-based industries. The future of AI…
The latest CBRE Research report comparing the quality of Information Technology (IT) services and the price has recently released, and the results were surprising in some areas while also matching our predictions. The most notable measure that we saw was Toronto, Canada. While cities like Seattle and the San Francisco Bay Area were predictably at…