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If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …

Overstocking or Understocking leading you to losses?

#artificialintelligenceJun-21-2022, 10:35:14 GMT

Artificial Intelligence in Logistics involves using technology to automate complex tasks and unearthing previously unknown patterns in Supply chain processes or workflows, and the impact is game-changing and visible. AI systems also enable predictive analytics, which helps tackle operational challenges and disruptions to supply chains as well as the workforce. A constant challenge with manufacturing is the losses from overstocking or under-stocking inventories. Overstocking often leads to wastage and lower margins. Under-stocking can translate into losses in sales, revenue, and customers.

category, ineffective supplier risk management, understocking, (7 more...)

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Industry:

Transportation > Freight & Logistics Services (0.32)
Law > Statutes (0.32)

Technology: Information Technology > Artificial Intelligence > Machine Learning (1.00)

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