Supply Chain Management Planning And Execution Needs Decision Making
For a human to be switched on 24/7 and make real time decisions as soon as the data becomes available would be very costly, if not impossible.
We deploy humans in shifts when this real time decision making capability is absolutely critical - e.g. plants that are running on continuous flow processes such as oil refinery, merchant ships, glass manufacturing and many others.
In most other situations we wait for humans to make these decisions in batches.
Now We Have An Alternative Supply Chain Management
As the use of AI expands many of these decisions can be made by the machines following the algorithms built into smart decisions.
Machines make these decisions in real time, cutting out the delays, thereby making the supply chain processes a lot more smooth, efficient and continuous flow.
Bottlenecks and wastes are cut. Bull whip effect is reduced as a result.
Supply chain planning and control becomes a lot easier. Cost of operations goes down, while the productivity goes up.
These advantages are in addition to the cost savings from having a machine replace a human to make the decision.
Learn More Supply Chain Management
Read the FAQs (Frequently Asked Questions) On Use Artificial Intelligence (AI) In Supply Chain Management for more information on the topic.