Artificial intelligence is transforming supply chain management by optimizing business processes and establishing agile supply chains. AI can help with inventory control and planning by accessing real-time information on customer demands and inventory levels. It can also help with transportation network design challenges like routing and scheduling through techniques like genetic algorithms and ant colony optimization. Expert systems allow purchasing managers to evaluate suppliers and make more informed make-or-buy decisions. Overall, integrating AI offers competitive advantages through predictive analytics and more efficient supply chain management.
5 Ways AI will Revolutionize Supply ChainsMoataz Rashad
This talk covers 5 use-cases in supply chain optimization where AI can have a revolutionary effect on maximizing margins. These include optimizing pricing, production efficiency, demand forecasting, and risk mitigation decisioning.
Just a few years back, artificial intelligence meant adaptions like Jarvis. Who would have thought that AI would soon become an application of our daily lives?
Artificial intelligence has the potential to streamline several business processes, analyze data for insights, and help in building fruitful business strategies. Hence, globally, it is being used to remediate old processes, invent new methods, and improve productivity.
Digital Supply Chain - Insights on Driving the Digital Supply Chain Transform...Lora Cecere
Executive Summary
It started with the internet, and the drum beat continues. Mobile. Social. Cloud. Digital Products. Telematics. The Internet of Things. The list of enablers is endless.
Over the last decade, digital marketing departments quickly took advantage of new technologies to power marketing capabilities. As a result, companies have new products and services; but, over the last decade there has been little change in supply chain processes.
There is a great divide in organizations today. There are digital teams in marketing while there are traditional supply chain processes in operations. Many supply chain leaders are asking how they digitize their supply chain practices. This report is designed to help. Here we share a five-step process to get started, and we provide insights from recent research on how to transform manufacturing processes.
What Is Digital Business?
Digitization transforms businesses. A digital business model uses new forms of technology to create new forms of revenue and business value. It is about the use of combinations of technologies to sense changes in real-time and shape a meaningful output.
Digital business is about much, much more than the redefinition of business processes for B2B and B2C. While e-business strategies are foundational, and necessary, it is about more than e-business. In today’s supply chain, while B2C models are well defined and new supply chain models have embraced and redefined e-commerce delivery, B2B processes lag B2C. Today, only 9% of B2B commerce business flows through business networks. There are no digital B2B officers. Companies have been slow to adopt new forms of B2B.
5 Ways AI will Revolutionize Supply ChainsMoataz Rashad
This talk covers 5 use-cases in supply chain optimization where AI can have a revolutionary effect on maximizing margins. These include optimizing pricing, production efficiency, demand forecasting, and risk mitigation decisioning.
Just a few years back, artificial intelligence meant adaptions like Jarvis. Who would have thought that AI would soon become an application of our daily lives?
Artificial intelligence has the potential to streamline several business processes, analyze data for insights, and help in building fruitful business strategies. Hence, globally, it is being used to remediate old processes, invent new methods, and improve productivity.
Digital Supply Chain - Insights on Driving the Digital Supply Chain Transform...Lora Cecere
Executive Summary
It started with the internet, and the drum beat continues. Mobile. Social. Cloud. Digital Products. Telematics. The Internet of Things. The list of enablers is endless.
Over the last decade, digital marketing departments quickly took advantage of new technologies to power marketing capabilities. As a result, companies have new products and services; but, over the last decade there has been little change in supply chain processes.
There is a great divide in organizations today. There are digital teams in marketing while there are traditional supply chain processes in operations. Many supply chain leaders are asking how they digitize their supply chain practices. This report is designed to help. Here we share a five-step process to get started, and we provide insights from recent research on how to transform manufacturing processes.
What Is Digital Business?
Digitization transforms businesses. A digital business model uses new forms of technology to create new forms of revenue and business value. It is about the use of combinations of technologies to sense changes in real-time and shape a meaningful output.
Digital business is about much, much more than the redefinition of business processes for B2B and B2C. While e-business strategies are foundational, and necessary, it is about more than e-business. In today’s supply chain, while B2C models are well defined and new supply chain models have embraced and redefined e-commerce delivery, B2B processes lag B2C. Today, only 9% of B2B commerce business flows through business networks. There are no digital B2B officers. Companies have been slow to adopt new forms of B2B.
AI continues to expand into different areas like healthcare, agriculture, scientific research and auditing.
AI is still only touching the surface when it comes to its application, especially if AI can work with time-series data.
The Impact of Artificial Intelligence and Digital Disruption on the Supply ChainJason Prescott
Global industry veteran Jeff Streader discusses a critical component for success in today’s digital world and how this effects the modern supply chain. He shares his view on successful strategies and tactics that brands and retailers along with their supplier/ partners, need to understand and collaborate together. Jeff emphasizes the magnitude of understanding today’s digital consumer and how the Design Chain and Supply Chain, will work on the near future in a data-driven end-to-end value chain.
Digital Supply Chain Management - Supply Chain 4.0 - Supply Chain Management ...Danar Mustafa
Digital Supply Chain Management - Supply Chain 4.0 - Supply Chain Management in Industry 4.0
How to increase operational efficiency leveraging digital technologies in Supply Chain Management
https://digitalstrategy-ai.com/
Digital Supply Chain: the start of a new eraBluecrux
95% of Supply Chain leaders struggle with how to drive improvement in their Supply Chain and only 5% are making progress.
In this presentation, you'll get a market overview of emerging technologies and approaches you can apply to drive value. Are you ready to become part of that 5%?
Presented by Lora Cecere, Founder Supply Chain Insights on Supply Chain 4.0 : ready to operate in the digital era? (29 Nov, 2018)
Almost everything in your warehouse will eventually be connected to the Internet of Things (IoT), the online network that connects and exchanges data between devices, vehicles, inventory and even buildings. The Internet of Things is already starting the digital transformation of supply chains by improving efficiency, accuracy, and reducing costs. It is anticipated that many more benefits and opportunities will emerge in the future. Every supply chain business, from manufacturing to logistics, should be taking a close look at the Internet of Things now. Early adopters of IoT technologies will be better able to take a giant leap forward in their business and gain a competitive edge from this technology.
Bigdata analysis in supply chain managmentKushal Shah
big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software just can’t manage them. But these massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.
supply chain industry need this type of data to survive in every situations.
Support for the presentation • “Does AI Improve Managerial Decision-Making?”at the International Conference Airport Operational Excellence, Jan. 28-30 2019
Blockchain in Supply Chain Management By Prashant Prashant Pandey
A blockchain is a distributed, digital ledger. The ledger records transactions in a series of blocks. It exists in multiple copies spread over multiple computers, which are also called nodes. The ledger is secure because each new block of transactions is linked back to previous blocks in a way that makes tampering practically impossible Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage
Digital Transformation is one of the most important business trends of our time. A lot of research has already been done on this topic. Most research has examined Digital Transformation within organisations, or between organisations
and their customers.
But in today’s globalised and outsourced world, an organisation’s success is no longer dependent on its own efforts alone. Today, the success of an organisation depends largely on how effectively it can orchestrate a vast, global network of supply chain partners to deliver goods and services that meet the needs of individual consumers.
This presentation [which was presented today to mark European Supply Chain Day in Ireland] highlights how the utilisation of digital technologies and processes enable supply chains to be more effectively and efficiently managed, creating business networks and increasing the overall supply chain visibility within the network.
Role of Artificial Intelligence in Supply Chain ManagementBIJIAM Journal
The term “supply chain” refers to a network of facilities that includes a variety of companies. To minimise the entire cost of the supply chain, these entities must collaborate. This research focuses on the use of Artificial Intelligence techniques in supply chain management. It includes supply chain management examples like as
demand forecasting, supply forecasting, text analytics, pricing panning, and more to help companies improve their processes, lower costs and risk, and boost revenue. It gives us a quick rundown of all the key principles of economics and how to comprehend and use them effectively.
Today’s retail industry is far more fragmented and competitive than ever. Multiple store formats and an arsenal of digital tools are making shoppers more educated about choices. Digital channels also continue growing. This is particularly true in grocery, where heavy hitters like Amazon and Walmart continue to eat into the market share of traditional chains.
Presentation at the October Scope Event on Internet of ThingsLora Cecere
How do we do we make decisions at the speed of business? Traditional supply chain processes are batch, and out of cadence with business. How do we rethink these processes to have the right data available when we need it. In this presentation, we discuss the inclusion of streaming data in supply chain visibility. It is not sufficient to ask the question of "Where is my stuff?" without the opportunity to use the data in better decision making.
AI continues to expand into different areas like healthcare, agriculture, scientific research and auditing.
AI is still only touching the surface when it comes to its application, especially if AI can work with time-series data.
The Impact of Artificial Intelligence and Digital Disruption on the Supply ChainJason Prescott
Global industry veteran Jeff Streader discusses a critical component for success in today’s digital world and how this effects the modern supply chain. He shares his view on successful strategies and tactics that brands and retailers along with their supplier/ partners, need to understand and collaborate together. Jeff emphasizes the magnitude of understanding today’s digital consumer and how the Design Chain and Supply Chain, will work on the near future in a data-driven end-to-end value chain.
Digital Supply Chain Management - Supply Chain 4.0 - Supply Chain Management ...Danar Mustafa
Digital Supply Chain Management - Supply Chain 4.0 - Supply Chain Management in Industry 4.0
How to increase operational efficiency leveraging digital technologies in Supply Chain Management
https://digitalstrategy-ai.com/
Digital Supply Chain: the start of a new eraBluecrux
95% of Supply Chain leaders struggle with how to drive improvement in their Supply Chain and only 5% are making progress.
In this presentation, you'll get a market overview of emerging technologies and approaches you can apply to drive value. Are you ready to become part of that 5%?
Presented by Lora Cecere, Founder Supply Chain Insights on Supply Chain 4.0 : ready to operate in the digital era? (29 Nov, 2018)
Almost everything in your warehouse will eventually be connected to the Internet of Things (IoT), the online network that connects and exchanges data between devices, vehicles, inventory and even buildings. The Internet of Things is already starting the digital transformation of supply chains by improving efficiency, accuracy, and reducing costs. It is anticipated that many more benefits and opportunities will emerge in the future. Every supply chain business, from manufacturing to logistics, should be taking a close look at the Internet of Things now. Early adopters of IoT technologies will be better able to take a giant leap forward in their business and gain a competitive edge from this technology.
Bigdata analysis in supply chain managmentKushal Shah
big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software just can’t manage them. But these massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.
supply chain industry need this type of data to survive in every situations.
Support for the presentation • “Does AI Improve Managerial Decision-Making?”at the International Conference Airport Operational Excellence, Jan. 28-30 2019
Blockchain in Supply Chain Management By Prashant Prashant Pandey
A blockchain is a distributed, digital ledger. The ledger records transactions in a series of blocks. It exists in multiple copies spread over multiple computers, which are also called nodes. The ledger is secure because each new block of transactions is linked back to previous blocks in a way that makes tampering practically impossible Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage
Digital Transformation is one of the most important business trends of our time. A lot of research has already been done on this topic. Most research has examined Digital Transformation within organisations, or between organisations
and their customers.
But in today’s globalised and outsourced world, an organisation’s success is no longer dependent on its own efforts alone. Today, the success of an organisation depends largely on how effectively it can orchestrate a vast, global network of supply chain partners to deliver goods and services that meet the needs of individual consumers.
This presentation [which was presented today to mark European Supply Chain Day in Ireland] highlights how the utilisation of digital technologies and processes enable supply chains to be more effectively and efficiently managed, creating business networks and increasing the overall supply chain visibility within the network.
Role of Artificial Intelligence in Supply Chain ManagementBIJIAM Journal
The term “supply chain” refers to a network of facilities that includes a variety of companies. To minimise the entire cost of the supply chain, these entities must collaborate. This research focuses on the use of Artificial Intelligence techniques in supply chain management. It includes supply chain management examples like as
demand forecasting, supply forecasting, text analytics, pricing panning, and more to help companies improve their processes, lower costs and risk, and boost revenue. It gives us a quick rundown of all the key principles of economics and how to comprehend and use them effectively.
Today’s retail industry is far more fragmented and competitive than ever. Multiple store formats and an arsenal of digital tools are making shoppers more educated about choices. Digital channels also continue growing. This is particularly true in grocery, where heavy hitters like Amazon and Walmart continue to eat into the market share of traditional chains.
Presentation at the October Scope Event on Internet of ThingsLora Cecere
How do we do we make decisions at the speed of business? Traditional supply chain processes are batch, and out of cadence with business. How do we rethink these processes to have the right data available when we need it. In this presentation, we discuss the inclusion of streaming data in supply chain visibility. It is not sufficient to ask the question of "Where is my stuff?" without the opportunity to use the data in better decision making.
“How P2P Fits Within an Enterprise Supply Chain” is the second topic of a supply chain learning series presented by ScottMadden and Shared Services & Outsourcing Network (SSON).
The Fresh Connection - Simulation based Supply Chain Learning PlatformFrinson Francis
The Fresh Connection is a Web based Business Simulation in the area of Supply Chain Management and Organisation Wide Collaboration used for Experiential Learning. Learn Supply Chain Management, Supply Chain Performance and Analysis, Sales and Operations Planning, Inventory Management, Supply Chain Strategy, Demand Planning, Collaboration, Risk Management in Supply Chains with in-house workshops at your company
Big Data & Analytics to Improve Supply Chain and Business PerformanceBristlecone SCC
Prof. David Simchi Levi, Engineering Systems Professor at MIT and Chairman of OPS Rules spoke at Bristlecone Pulse 2017 about delivering customer value through digitization, analytics and automation.
From Big Data to Big Value presented by Nicolas Kruchten, Head of Product Engineering at Datacratic. Presented at the Montreal kickoff of Big Data Week 2014 #bdw14.
The Machine Learning Value Chain is a simple framework that shows how to build products that make real-time automated decisions to take you from Big Data to Big Value.
A basic presentation of how we can use Machine learning to sort out different problems faced by supply chain management and How we can also use it to model Inventory management.
Over 40,000 clients around the globe use the Accenture Supply Chain Academy because they want to raise the performance of their supply chain through knowledge & skill development of their employees... Our online learning solution has allowed them to improve efficiency and reduce cost because we cover all the functional areas of the supply chain. I would love to discuss this with you further patricia.b.terra@accenture.com
Business Intelligence, Data Analytics, and AIJohnny Jepp
Data is the new currency. In this session, best practices on data collection, management dashboards, and used cases will be shared using Azure Data Services.
Video accessible at bit.ly/APACSummitOnDemand
Shwetank Sheel
Chief Executive Officer
Just Analytics
Poonam Sampat
Cloud Solution Architect - Data & AI
Microsoft Asia Pacific
Solutions which focus on easy collaboration, visibility and efficiency, across your entire supply chain.
Maximize your profit, reduce costs and increase competitiveness, definitely, with these solutions.
This booklet explores a few use cases of analytics for the supply chain and how it can be leveraged.
For more info visit: https://www.teamcomputers.com/businessanalytics/Supply%20Chain/Booklet-Supply-chain-Digital.pdf
ERP in logistics and supply chain management
Value chain analysis , understanding, ERP system in logistics, software as a service, supply chain solutions through erp
Restaurants in 2019 continue to face several challenges, including everything from attracting and retaining customers to hiring and training staff. These challenges, both customer-facing (“Front of House”) and operations-focused (“Back of House”), keep restaurant profit margins low at 6% and contribute to the industry’s high failure rate. Increasingly, restaurants are more attune to these pain points and seek out restaurant-focused software and tech-enabled outsourcing solutions to increase sales volumes and reduce costs. As a result, the restaurant tech stack continues to evolve, providing restaurants with more options than ever to help them improve and grow their businesses.
Catalyst has a wealth of experience backing vertical-specific businesses, including one currently in the Restaurant Tech space (ChowNow). We believe restaurants will continue to actively seek out best in-class restaurant-specific solutions, and are eager to partner with more of these businesses seeking growth equity capital.
At Catalyst, we employ a proactive, research-based approach to investing, targeting sectors experiencing outstanding growth. If you are an owner, operator or investor in a growth stage Restaurant Tech company, we would like to hear from you. Please send inquiries and business plans to kapil@catalyst.com.
Capgemini’s Smart Procurement Management enables
efficient use of procurement data of an organization and
drive resources towards outcome‑based management as
against traditional ways of management through process
efficiency to reduce / control costs
1. Growth of eCommerce in Retail Business.
2. Key Issues in eCommerce and Retail Business.
3. Why CRM is the right solution for eCommerce and Retail Business problems?
4. Some Case Studies: so you can hit the ground running!
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
2. SYNOPSIS
• Introduction
• Artificial Intelligence In Supply Chain
• The Fusion Of AI In SCM
• Inventory Control And Planning
• Transportation Network Design
• Purchasing And Supply Management
• Conclusion
3. INTRODUCTION
• Professionals associated with logistics and supply chain are always on their heels
to shape the operational chain innovatively that address the challenges more
efficiently and minimizes the risk that caused otherwise.
• When the professionals hunt for new possibilities, technology is always there for
help! Although the concept of Artificial Intelligence is six decades old, it is well on
its course to take over the lives of people slowly by making it easy and efficient.
• Most of the businesses take interest in integrating AI into various processes as it is
capable of performing various tasks efficiently within a short span. And use of the
AI is not just limited for corporate, but also seen in various industries.
4. Artificial Intelligence in Supply Chain
• According to the Accenture digital operations survey, organizations are rapidly
digitizing their supply chain to distinguish and drive revenue growth.
• The report also says that 85% of businesses integrate AI in their supply chain by
next year.
• The main objective behind integrating AI is that it plays a vital role in optimizing
business process and establishes agile supply chain.
• Assimilating Artificial Intelligence (AI) in Supply Chain eventually results in
redefining an ecosystem where supply-chain link themselves to generate
impeccable flow of products and information end-to-end.
5. The Fusion Of AI In SCM
• Artificial Intelligence is always used to solve complex problems.
• The sub-disciplines of artificial intelligence such as GA’s and expert systems are
employed to address the complex issues of Supply Chain Management.
• It involves inventory management, location planning, purchasing, freight
consolidation and routing or scheduling problems.
• Further, in this blog, let us outline the significant areas of supply chain
management that have been explored for AI, identify the specific sub-disciplines
and assess their involvement in supply chain decision-making process.
6. Inventory control and planning
• The inventory in supply chain represents the idle resources that are essential to
maintain excellent customer service.
• According to the survey conducted by the Timme and Williams-Timme,
maintaining a single unit of inventory may costs approximately 15% to 35% of the
product value. Thus, the organization’s success in the highly competitive market
often hinders its ability to control and plan its inventory efficiently.
• Aforesaid challenges can be successfully addressed by accessing the real-time
information about the customer demands, size and type of the inventory and the
estimated time to fulfil customer orders.
• The Expert System (ES) is capable of capturing the inventory patterns throughout
the whole supply chain at all layers, in detail.
7. Transportation network design
• Transportation offers it’s own set of challenges including TSP, vehicle routing and
scheduling problem, minimum spanning tree problem, fright consolidation
problem, and to name a few.
• In specific, due to the combinatorial nature of these challenges, the GA, a sub-
discipline of AI, turns out to be the most popular technique integrated to address
aforesaid challenges efficiently.
• Besides, another popular technique i.e. “ant colony optimization of algorithm” of
AI has emerged to address the transportation network design challenges such as
TSP, vehicle routing and the minimum spanning tree problem.
8. Purchasing and supply management
• Business organizations should analyse make-or-buy decision at each step.
• Although the make-or-buy decision is simple and straightforward, it is filled with
various “What-if” scenarios off screen. Some of the common scenarios are;
• What volume of goods should company produce?
• How much capital investment is required to produce the goods?
• How much risk is involved in producing new products or innovating technology to
stay competitive in the market?
• Has the product become successful in the market and drive-in more profits?
• Will customer feel satisfied?
• Does the company employees have the expertise to produce goods that the
customers desire?
9. • Expert System (ES), a sub-discipline of AI, which helps purchasing manager to
evaluate the performance of prospective suppliers, optimize the information
exchange amongst purchase personnel and reduces the time taken to make the
make-or-buy decision.
Conclusion
• Aforesaid examples clearly represent that in today’s dynamic world, embedding
artificial intelligence into supply chain offers a competitive advantage.
• The AI is completely armed with predictive analytics that can analyse cluster of
data collected through various sources.
• Analysing these data help companies to develop an efficient form of supply chain
management.
10.
11. CormSquare is cloud based procurement platform targeted
for small and medium enterprises (SMEs) and bulk purchases.
CormSquare is native end-to-end procurement software with
private market. CormSquare automates procurement
process, greatly reducing time. It also helps find right
suppliers at lower price. CormSquare saves procurement cost
and ease of procurement.
www.cormsqaure.com
Our Customer Relationship Officers (CROs) can assist you with
finding suppliers, supplier competency assessment and supplier
audit. Based on your requirement, our relationship officers can find
local, national or global suppliers.Our Customer Relationship
Officers (CROs) can assist in raising RFQs, RFIs, receiving quotes,
compare technical and commercial quotes, purchase order
management, delivery/document tracking and payable processing.
Our Customer Relationship Officers (CROs) can analyses your
procurement data and provide actionable intelligence.
12.
13. www.cormsquare.com
• Assisted Purchase – buyer receives customized
quote from cormsquare’s procurement professionals.
• End to End E-Procurement Suite on cloud, that
helps buyers in managing enterprise purchase.
• Seamless Responsive Interface which works across devices.
• Digital B2B Store front for supplier with digital catalogue, ePayment and
eProcurement Services
• Mini CRM Tools and Digital promotion assistance to our stakeholders.
• Collaboration with supplier to assist in Customer acquisition, engagement.
• Helping manufacturing and Buyers to master the transformation of their business.
