https://insideainews.com/tag/inventory/ Illuminating AI's Frontiers: Your Go-To News Destination. Mon, 18 Dec 2023 02:56:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://insideainews.com/wp-content/uploads/2024/06/iain-favicon.png https://insideainews.com/tag/inventory/ 32 32 136462205 https://insideainews.com/2023/08/08/revolutionizing-supply-chain-management-the-power-of-ai-in-strategic-sourcing-and-inventory-optimization/ https://insideainews.com/2023/08/08/revolutionizing-supply-chain-management-the-power-of-ai-in-strategic-sourcing-and-inventory-optimization/#respond Tue, 08 Aug 2023 10:01:00 +0000 https://insidebigdata.com/?p=33062 In this contributed article, Rudrendu Kumar Paul, AI Expert and Applied ML industry professional, explores the transformative role of AI in strategic sourcing, inventory management, and risk management within supply chain operations. The article highlights how AI can optimize these processes, leading to more efficient and effective operations. A focus is on AI's ability to analyze vast amounts of data and generate actionable insights; examples of its application in predicting supplier performance, optimizing inventory levels, and identifying and mitigating supply chain risks. Also included are the benefits of applications of AI in supply chain management, importance of businesses to explore and adopt AI tools to stay competitive in today's complex business environment.]]> https://insideainews.com/2023/08/08/revolutionizing-supply-chain-management-the-power-of-ai-in-strategic-sourcing-and-inventory-optimization/feed/ 0 33062