Role and Importance of AI in Supply Chain Management

Supply chain management has become a vital strategic opportunity to keep organizations competitive and this statement has taken even more precedence due to the current pandemic situation that the world is facing. The Covid-19 pandemic has resulted in some sort of supply chain disruption related to transportation restrictions created by the lockdown and the economic impact caused by it will be felt for months to come. But at the same time, there has been a sudden increase in the adoption of digital technologies like algorithm development, data analytics, artificial intelligence, machine learning, the internet of things, and cloud computing to make supply chain management ever-evolving. Artificial Intelligence with the help of automated technology processes a large amount of data within few minutes to provide business-based insightful information. AI is already beginning to change the face of the supply chain industry.