AI IMPLEMENTATION
Companies big and small are constantly looking for new ways to improve efficiency , accuracy and all -round resilience when it comes to supply chain management .
AI , alongside the game-changing evolutions that are generative AI ( Gen AI ) and machine learning ( ML ), have unlocked a new level of potential for firms to take optimisation to the next level .
Proof of the extent to which organisations are treating AI investment as a strategic priority can be seen in the results of a recent study carried out by CGI , commissioned by Supply Chain Digital and sister title Manufacturing Digital , which revealed the technology is a key area of focus for leaders as they look to successfully navigate an ongoing period of uncertainty .
Asked which technologies will support their supply chain initiatives over the next couple of years , more than two -thirds ( 69 %) of executives opted for AI , advanced analytics and digital twins .
Meanwhile , according to Epicor and Nucleus Research , a significant proportion ( 63 %) of businesses identifying as ‘ high growth ’ – those that have achieved revenue growth of 20 % or more over the past three years – have already integrated Gen AI into their respective supply chain operations to manage cost and operational challenges .
“ Over the past few years , a spotlight has been put on the global supply chain as continued disruptions reveal an overreliance on out-of-date practices
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