The Impact of AI on Supply Chain Management
The Impact of AI on Supply Chain Management In today's rapidly evolving global economy, supply chain management (SCM) has become a critical differentiator for businesses of all sizes. From the bustling industrial hubs of Sonipat, Haryana, to international conglomerates, the efficient flow of goods, information, and finances is paramount for success. Artificial Intelligence (AI) is no longer a futuristic buzzword in this domain; it's a transformative force reshaping every facet of the supply chain, promising unprecedented levels of efficiency, resilience, and agility. Let's delve into how AI is impacting SCM, with a nod to the specific context of our region. The Multifaceted Impact of AI on the Supply Chain AI's influence on supply chain management is far-reaching, impacting various key areas: 1. Enhanced Demand Forecasting: Predicting the Unpredictable Accurate demand forecasting is the bedrock of efficient SCM. Traditional methods often struggle with volatility and unf...