What is AI?
AI is the science of computers mimicking human intelligence to solve problems. This science encompasses many disciplines to improve speed, precision and elegance in decision-making by finding patterns in enormous volumes of data. It can generate recommendations, predict and surface insights, provide speed and scale, and automate processes, all of which enhance productivity.
Artificial intelligence in supply chain management.
AI in supply chain management is the application of this science to the various processes involved in the supply chain.
By leveraging AI, companies can improve their operational efficiency, reduce costs, increase top-line revenue and enhance customer satisfaction. AI can be applied in different areas of the supply chain, such as demand forecasting, supply planning, inventory management, transportation optimization and order management, making an impact from plan to execution.
In demand forecasting, AI can enhance historical data with market trends and other external factors to predict future demand accurately. Increased forecast accuracy helps companies optimize their inventory levels and avoid stockouts or overstocking.
Keeping supply lead times up to date in a planning system is harder than ever, and the more complicated the bill of materials, the less likely a planner is able to do more than spread outdated assumptions across parts. Not every adjustment is worth a planner’s time to update, but AI can predict lead times, based on historical patterns, and update changes automatically, flagging for intervention only those changes outside parameters the planner sets herself.
AI you can understand. AI you can trust.
Explainability and democratization build trustworthiness that fosters adoption, when delivered on a foundation of responsible AI. Together these values act as a blueprint for creating AI-powered software that prioritizes people, delivers transparency, and safeguards your data and privacy.
A brief history of AI in supply chain.
While the concept of AI has been around for decades, its application in supply chain management is rapidly growing in importance.
Proven innovators, trailblazing the future of AI in supply chain.
We were the first to have AI-based solutions spanning both supply and demand. With over 60 patents granted and pending, we are actively advancing artificial intelligence in supply chain management. Our talent continues to lead the way in implementing AI into the world’s supply chains.