The modern supply chain is an intricate animal that incorporates
many different organizations, people, processes and technologies.
Add the word “global” to the equation, and those complexities become
even more difficult to manage. Moreover, with disruptions like the
global pandemic wreaking havoc on the world’s supply chains, the
need to balance resiliency with profitability has become mandatory
for most organizations.
Fortunately,
technology has advanced to the point where it can help
organizations more effectively manage their global supply chains
without the need for additional labor, physical space, or
expertise.
From predictive to prescriptive, from decision support to decision
automation, artificial intelligence is transforming supply-chain
activities in new ways.
Performing tasks in a manner similar to human brains, AI-enabled
technology can sense and respond to specific features within its
environment. It can learn to solve problems such as delivery delays
and weather-related disruptions in unexpected ways, recognizing the
nuances of speech and exhibiting some form of humanlike creativity.