Utilizing Artificial Intelligence Within the Supply Chain

Artificial intelligence can streamline the manufacturing process in several ways. First, AI can be used to take over repetitive tasks that would cause injuries to human workers over time. Second, AI can forecast demand and correlate that with scheduling to optimize production timing, saving costs on overtime, electricity, excess inventory and more. Excess inventory costs companies $443 billion each year, and one AI solution applied to this problem reduced one company's inventory overages by 20 percent, double the predicted savings.