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CIO Applications Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications

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  • Supply Chain
Editor's Pick (1 - 4 of 8)
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Transforming Supply Chain with SMAC and IoT

Transforming Supply Chain with SMAC and IoT
Nathan Johnson, SVP and CIO, Werner Enterprises [NASDAQ: WERN]

Simplify Supply Chain with Technology

Simplify Supply Chain with Technology
Stuart Scott, EVP and CIO, J.B. Hunt Transport Services, Inc. [NASDAQ: JBHT]

Smart Infrastructure for Supply Chain Management

Smart Infrastructure for Supply Chain Management
Daniel Cavallin, CIO, Celistics

3 Guidelines for the Logistics Industry in the Age of Business Transparency

3 Guidelines for the Logistics Industry in the Age of Business...
Eric Kierstead, CIO, Beavex Incorporated

Freight Audit and Recovery: The Secret to a Smart Supply Chain

Freight Audit and Recovery: The Secret to a Smart Supply Chain
Scott McDevitt, President & CEO, Translogistics

High Tech Approach to Solve Complex Projects in Supply Chain

High Tech Approach to Solve Complex Projects in Supply Chain
Maike Sievers, Director of Logistics Planning, Sales and Marketing, BLG Logistics

Is your Supply Chain Ready for a Transformation?

Is your Supply Chain Ready for a Transformation?
Darrell Edwards, SVP & Chief Supply Chain Officer, La-Z-Boy Incorporated [NYSE:LZB]

Supply Chain is in Throes of Transformation

Supply Chain is in Throes of Transformation
Richard Sherman, Senior Fellow, Supply Chain Centre of Excellence, TCS [NSE:TCS.NS]

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Artificial Intelligence is Accelerating Supply Chain Processes

By CIO Applications| Wednesday, February 20, 2019
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Supply chainSupply chain businesses are feeding their huge data sets to AI-based technology to find solutions regarding downtime optimization, improved customer satisfaction, and engagement, reduced transport, and maintenance costs and increase in productivity. AI has provided solutions to the supply chain businesses starting from warehouse inventory management to delivery of the product.

Inventory robots

Customers can use a mobile phone or a tablet to choose the required product, and robotic arm moves along shelves to get those products.

Delivery robots

Automated drones can be used to deliver products to customers. The AI-powered drone can make automatic adjustments of its flight path based on historical GPS data and climate conditions.

Inventory management

Substantial data volumes and complexity makes it impossible for a human employee to optimize inventory management. AI-powered cognitive inventory management can harness data from different systems like enterprise resource planning (ERP), warehouse management system (WMS), logistics, weather and excel sheets to track stock in, stock out and stock remaining.  

AI-Powered Visual Inspection

AI enabled drones, and other surveillance devices can speed up the warehouse inspection by taking photos of cargo to identify damage and suggest appropriate corrective action.

Predictive analysis

Machines learn a customer’s behavior over time. In case of a suspicious transaction made with a customer’s credit card, the credit company immediately takes necessary action. Predictive analysis can also assist in predicting demand for products and parts based on past events and prevailing trends. This will help in warehouse stock optimization to fulfill customer needs. This technology can be used for effective pricing of the product by considering different factors that can affect sales, including part location, seasonality, weather, and demand. Improper maintenance of machines can result in downtime; AI sensors will detect when a part is about to fail so the manufacturer can decide when and where parts are needed.

AI-Enhanced Customer Experience

AI is building a significant relationship between logistics providers and customers using a voice-based service to track parcels and get shipment information. A customer can query to find out the current location of their shipment by asking the voice-based device. If there was a problem with the delivery, customers could be redirected to the customer assistance department of the company.

Visibility

AI-based solutions are providing real-time tracking of all the fleet and workforce by using tracking and monitoring mechanisms to increase transparency and promote integrity throughout the supply chain. It gives managers a clear view to analyze the entire supply chain operations using maps and other techniques.

Check out: Top Artificial Intelligence Solution Companies
 

Check out: Top Supply Chain Companies.

                 

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