Artificial intelligence (AI) and machine learning (ML) are quickly becoming key components in the advancement of how manufacturers are working within the supply chain. The technology being applied to supply chain management can streamline processes and improve the safety and efficiency of the companies that employ them.
AI has caught on in the supply chain, and with great reason. McKinsey reported that Sixty-threepercent of executives surveyed reported revenue increases with 61 percent reporting cost savings as a result of adopting AI into their supply chain management (SCM). Meanwhile, 61 percent reported revenue gains with 64 percent reporting cost savings from AI adoption in manufacturing.
AI brings efficiency through big data analytics and performance insights on an unprecedented scale. With this power, AI is advancing supply chains for a cleaner, more cost-effective future. Preparing for this future starts with understanding AI implementation in the present. It also comes with an understanding of how AI is currently being implemented to improve supply chain processes.