SpendEdge, a leading provider of supply chain management solutions, has announced the completion of their latest article on the 5 interesting ways AI can enhance your supply chain.
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Today, artificial intelligence is becoming a mainstream technology in most industries. It is the intelligence displayed by machines, in which, learning and action-based capabilities mimic autonomy rather than process-oriented intelligence. AI can be classified into automation and augmentation. Understanding such categories of AI capacities is essential for businesses to implement artificial intelligence into business work tools.
Implementing AI into work tools can improve the efficiency of your supply chain. Request a free proposal to access our solution portfolio for free.
At SpendEdge, we understand that the applications of AI in supply chain possess the potential to boost top-line and bottom-line value. Therefore, we have listed a few ways through which AI can help you enhance your supply chain.
Ways in Which AI can Enhance your Supply Chain
Operational procurement
Companies need intelligent data sets to streamline the procurement process and automate functions in the supply chain. Chatbots are a form of artificial intelligence that can efficiently automate functions in the supply chain. They can handle functions such as placing purchasing requests, speaking to suppliers, and sending actions to suppliers regarding governance and compliance materials.
Want to streamline your procurement process? Contact our experts to obtain detailed insights regarding the role of AI in supply chain management.
Supply chain planning
Supply chain planning forms an integral part of the supply chain strategy. Machine learning coupled with supply chain planning can help companies perform machine-to-machine analysis of big data sets and deliver outcomes based on intelligent algorithms. This will help companies to improve inventory and demand and supply forecasting.
Poor supply chain planning can lead to inefficient supply chain strategies. Request a free demo from our experts to gain accurate insights to devise an effective supply chain strategy.
Warehouse management
Proper warehouse and inventory-based management is vital for companies to improve supply chain planning. However, understocking or overstocking can create challenges in improving warehouse management. Machine learning algorithms and data streams can help companies address such challenges by accurately forecasting supply and demand. This can avoid issues pertaining to shortage or excess stock.
To know more about the application of AI in improving the supply chain, request more information from our experts now!
About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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