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AI/Machine Learning Use Cases for Supply Chain – Part Two: Demand Planning, Forecasting, Inventory Management

AI/ML has had a big impact on demand planning, improving forecast granularity and accuracy. It also has revolutionized inventory optimization, which has become ever more critical as companies increasingly push more inventory out to the edges of their distribution network and implemented hyper-local distribution strategies to meet ever more rapid delivery-time expectations.

AI and Machine Learning for Supply Chain – Into the Future

It’s 2021! and we want to contemplate the future of technology and how it will change our world.
Oh yes, there are those usual outsized proclamations that AI and machine learning will provide close to $3 trillion of savings in 2021 – that’s right now. Then there is a bleaker view depicting the lack of preparedness for the future. These are interesting points of view, yes, but they don’t provide the guidance we may need to make reality-based decisions to address our challenges and take advantage of practical and competitive gaining innovations.

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