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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? Watch the video below to learn more about our Purchase Order Delivery Delay Prediction Engine.

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Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

Furthermore, this allows management to identify areas of strength and areas that require improvement, enabling targeted training and development initiatives. Inventory management also includes forecasting demand, coordinating with suppliers, and optimizing storage space to minimize costs and prevent stockouts or overstocking.

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15 Types of Manufacturing Software (+ Who Benefits from Each)

Unleashed

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

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Supply Chain AI: Getting Started in 5 Steps

Logility

From Generative AI innovations like Chat GPT to industry events, analysts, and mass media stories, every business leader is being tested – from their vision and trust in the technology to internal preparations and integration of artificial intelligence into supply chain operations.

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10 Wholesale Distribution Industry Trends for 2022 and Beyond

Unleashed

Global supply chain disruption, rapid technological evolution, changing buying and selling habits – wholesale distributors have had to deal with some rapid and radical changes over the past couple of years. Some measures to think about are: Utilising technology to become more agile, more efficient and more accurate.

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Predictive AI vs. Generative AI in Supply Chain Management

Resilinc

In our Q&A, Shahzaib discussed predictive AI, which is used for supply chain disruption monitoring, hurricane simulators, commodity predictions, supplier screening, and predictive purchase orders. Shahzaib also touched on Generative AI, which is used in Resilinc’s supply chain disruption alert system, EventWatch AI.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

Customer service and satisfaction: 37% of consumers who encounter a stockout will choose to shop with another business, and nearly 10% will buy nothing at all. This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns.