Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. It can be a complicated business. Global Trade magazine brought this interesting information to our attention in their article, “How Machine Learning Is Transforming Supply Chain Management.”
Because of this complexity, it takes very little to interrupt the entire chain and result in millions of dollars in losses.
In a market environment where businesses are continually striving to cut costs, increase profits, and enhance customer experience, technologies like machine learning can make the necessary difference. It improves decision making, process automation and optimization. It can create an entire machine intelligence-powered supply chain model.
Adopting machine learning in supply chains could be the critical step for companies to stay competitive in the long run.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.