AI Tools for Supply Chain Management
Introduction Describing What AI Is in a Nutshell Artificial intelligence (AI) is where machines especially computer systems try to copy human being’s way of thinking, learning, and correcting them. Machine learning, deep learning, and natural language processing are different manifestations of AI that process huge data volumes to identify patterns and make predictions. The Significance of Supply Chain Management in Firms Supply chain management (SCM) is an important part of any business because it involves the active streamlining of supply-side activities for increased customer value and competitive advantage. Effective supply chain management results in timely manufacturing and delivery of goods as well as optimal inventory and minimum costs. It directly affects operational efficiency, consumer satisfaction levels and overall profitability of an entity. Introduction on Utilization of AI in Supply Chain Management The application of artificial intelligence (AI) in the supply cha...