Leveraging Artificial Intelligence for predictive supply chain management, focus on how AI- driven tools are revolutionizing demand forecasting and inventory optimization
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Abstract
The dynamic landscape of global supply chains necessitates innovative solutions to tackle challenges in demand forecasting and inventory optimization. Traditional methods, often constrained by limited adaptability and scalability, struggle to manage the complexities of modern supply chains. Artificial Intelligence (AI) has emerged as a transformative force, enabling predictive supply chain management through advanced data analytics, machine learning algorithms, and real-time decision-making capabilities. By harnessing AI-driven tools, businesses can accurately forecast demand patterns, reduce stockouts, and minimize excess inventory, thereby improving operational efficiency and customer satisfaction.…
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2Topics & keywords
Topics
Keywords
- Supply chain
- Computer science
- Demand forecasting
- Analytics
- Supply chain management
- Predictive analytics
- Big data
- Fast fashion
UN Sustainable Development Goals
- Industry, innovation and infrastructure
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