Inventory Management with Machine Learning – 3 Use Cases in Industry

In a global market that makes room for more competitors by the day, some companies are turning to AI and machine learning to try to gain an edge. Supply chain and inventory management is a domain that has missed some of the media limelight, but one where industry leaders have been hard at work developing new AI and machine learning technologies over the past decade. Many well-known companies are now use machine learning to optimize business processes in ways that might have been deemed science fiction 30 years ago, from customer service inquiries to planning for next month's shelf supply based on satellite data. Supply chain and inventory management is primed to embody the concept of smart automation over the next five to 10 years. We've highlighted three applications of inventory management with machine learning technology, providing a tip-of-the-iceberg view of what's possible.