AI benefits for supply chains
AI benefits for supply chains
piece of equipment , which is feeding back data . If everything is running fine , it will always be roughly the same temperature . You don ’ t need to keep feeding back data about that piece of equipment . The only data you want to capture is if something changes - say if the thermostat fails .
“ With data , less is usually more . Systems can soon get inefficient if overloaded with data . And then you end up chucking more tech at the problem , where what you really need to do is cut back on the data .”
The next level Predictive maintenance might feel like a new concept to many , but , says Hancock , some companies are already taking things to the next level , using tech to help drive something called “ prescriptive maintenance ”.
AI is revolutionising the supply chain industry , and it ’ s hardly surprising as automation with AI can reduce the time and money spent on traditionally manual tasks , making the process faster and more efficient .
Common supply chain tasks that can be automated for businesses include warehouse robotics , predictive analytics , digital process automation ( DPA ), optical character recognition ( OCR ), and data entry automation .
AI also increases productivity by saving time on tasks that can be done through automation , providing constant visibility without any breaks or downtime , and increasing the capabilities of employees who are not experts in their business ' s technology tools . AI also streamlines the decision-making process , making it easier , faster , and smarter .
Implementing AI in supply chains can benefit the business by creating visibility , and optimization . Supply chain managers can try an AI simulation tool to optimise their operations using realworld scenarios .
AI data analysis algorithms can also identify where the materials are being used and what materials are being wasted .
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