If we are going to invest in AI and Machine Learning technology with the goal to improve our Supply Chain performance, we must have a working knowledge of just what AI/ML is.
The media is filled with stories about AI. But there is scant information related to AI for the Supply Chain. Looking for some clarity? There are plenty of obtuse definitions on the web, but almost none of them tell you what AI does for Supply Chain. These definitions will.
The break-through business strategy for today is the networked enterprise. In this new paradigm, competitive advantage is equally dependent on the network of trading partners and the technology platform these run on. This is driving the intense interest and growing adoption of supply chain networks. Though supply chain networks have recently become a hot topic with the media and analysts, little is understood about them.