Gone are the lines of container ships at our ports. The supply chain crisis slipped from the headlines in 2023. It hasn’t gone away, with climate change affecting the Panama Canal passage.
AI is in the headlines. Did you know it can help with your supply chain issues? There are a few things it’s excellent at already.
Forecasting and logistics. The catch? Your business needs to feed the correct data into the process.
AI requires lots of accurate data to learn and generate good predictions. The good news is AI keeps on learning as you feed it data. But the projections are only as good as the data you provide.
Don’t have the resources to build a program using AI to optimize your supply chain? There’s software available, so you don’t have to create your own. ToolsGroup offers demand planning and forecasting as part of its supply chain management program for retailers, distributors, and manufacturers.
If you’ve invested in a supply chain management system, ask if your supplier offers an AI-powered version. An AI tool may work with your program to enhance its capabilities.
Developers are churning out new AI tools every day. Keeping on top of your supply chain requires gathering lots of accurate data, including historical context, and analyzing it constantly. AI doesn’t find interpreting a mountain of data overwhelming, and it’s quick.
It’s perfect for staying on top of your supply chain’s forecasting, inventory, and transportation problems. Identify your weakest points and find an AI tool to apply. It’s time to toss the spreadsheets.
Author: Kris Keppeler is a writer who finds technology fascinating and loves humor. She writes on Medium.com, and for Women of Wisdom. An award-winning podcast producer who enjoys telling funny stories. Follow her on X (formerly Twitter) @KrisNarrates or on LinkedIn.
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