Artificial Intelligence in Supply Chain Management

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Table of Contents

Introduction
Overview of Top-Tier Modern Technologies: AIs Kinds of Intelligence
Conclusion
References

Introduction

Artificial Intelligence is widely implemented in the supply chain to increase the efficiency of inventory and warehouse management. What is more, the technology allows for considerably lower operational costs, considering that AI reduces the number of errors and work incidents. Overall, the number of long-term benefits of incorporating AI into supply chain management is high and is worth tackling the primary issues that may occur with understanding the complexity of this technology.

Overview of Top-Tier Modern Technologies: AIs Kinds of Intelligence

To begin with, AI is an efficient technology that can be implemented in any industry to increase the productivity of operations. Machine learning is a branch of AI that focuses on imitating how humans learn through algorithms and the use of data (Kanade, 2022). Business intelligence is an efficient tool for the business plan since it offers options for beneficial strategic decisions (Fruhlinger & Pratt, 2021). Moreover, virtual reality is widely used for employee training to help them get used to their working environment and duties (Barto, 2022). Additionally, companies use robotic process automation (RPA) to create machines that imitate human actions and can replace them in work (UiPath Inc., 2022). Blockchain is probably one of the most critical technologies in any business as it stores information and data (Hayes, 2022). Overall, many technological advancements are designed to help companies to operate more productively and efficiently.

Conclusion

To summarize, AI is a beneficial tool in supply chain management as it provides companies with many advantages and less complicated operations. The technology can assist in storing information through blockchain, enhancing productivity by creating robots with their own duties to perform. Shockingly, AI can even create a strategy for a business and advise proper decisions and plans that should be considered to increase efficiency within a company.