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The Promise and Peril of Generative AI for Supply Chains

Logistics Viewpoints

The first use case is MIT professor Yossi Sheffi’s idea for using generative AI to monitor all possible sources of risk for a given supplier to mitigate any disruptions. As the economist trio of Agrawal, Gans, and Goldfarb explain , AI makes predictions, which are inputs into decisions.

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Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics.

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Who is the Supply Chain Planner in the Age of AI?

Logistics Viewpoints

AI and machine learning (the subset of techniques most in use in business today) figure prominently on the agenda, as companies want to improve forecast accuracy with demand sensing, predict yields and lead times, optimize inventory, get recommendations on how to respond to disruptions, and more.

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Supply Chain Matters This Week in Supply Chain Tech- October 10 2023

Supply Chain Matters

is being established cooperatively by OCEMA , Georgia Ports Authority, Jacksonville Port Authority, North Carolina State Ports Authority, SACP, and CCM. with more than 75 locations in Alabama, Florida, Georgia, North Carolina , and South Carolina. No financial details were disclosed regarding this acquisition.

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Getting Started with AI in Supply Chain

Logistics Viewpoints

What AI has been able to do for years is find patterns and make predictions at a scale far beyond our human cognitive capacity, such as forecasting for a retailer with billions of sales records and millions of items. AI can accomplish tasks humans couldn’t do before, and do them better and faster, saving time and money.

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Off to another exciting year of student-industry engagement at NC State on cutting-edge supply chain projects

NC State SCRC

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. Lenovo Excess and Obsolete Inventory. Yum Brands Beef Analytics. These projects all invovle cutting edge topics that are often discussed in blogs and websites.

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How to implement a supply chain management system

Unleashed

Industry leaders predict that in the coming years, more businesses will adopt fully integrated, digitized solutions in order to streamline their activity and secure a competitive advantage. . Cloud-based systems offer a cost-effective way to manage and monitor suppliers, inventory and more. This is why a good SCM tool is so important.