Using AI to Solve Complex Global Supply Chain Management Challenges - Liwaiwai

Companies are starting to apply artificial intelligence across global supply chain management to improve efficiency, speed and decision-making in areas such as supply chain planning, warehouse automation, and logistics. The SCM World 2016 Future of Supply Chain Survey found that the importance of artificial intelligence has grown rapidly, with 47 percent of supply chain leaders believing the technology is disruptive to global supply chain management strategies. Market-research firm IDC predicts that by 2020, 50 percent of mature supply chains will use AI and advanced analytics for planning, and to eliminate sole reliance on short-term demand forecasts. Supply chain planning and optimization, including demand forecasting, are among the key areas where AI is already beginning to be deployed. Experts say that global supply chains have become so complex, and are affected by so many variables, that AI may be essential to help identify and predict problems and potential solutions.