The supply chains of most of today’s enterprises are built on archaic technologies that are over 20 years old. They are beset with inefficiencies like lack of end-to-end visibility, real-time response, and efficient data sharing among participants.
Conventional supply chain organizations operate in silos and emphasize the optimization of a specific segment of the supply chain rather than the entire value chain. Thus, these organizations need to redefine their operations to break silos, achieve end-to-end visibility, and craft a better collaboration model.
Artificial Intelligence (AI) has great potential to help supply chain organizations overcome challenges with traditional processes and bring profound, positive changes across the supply chain. As enterprises are realizing the importance of AI, the demand for Artificial Intelligence consulting services is increasing.
How can AI drive supply chain transformation?
Supply chain organizations can put data at the core of their operations to chart a path for new processes and capabilities. Artificial Intelligence is poised to drive the revolutionary shift in the following ways:
- End-to-end visibility
Artificial Intelligence can help organizations manage supply chain complexity. The technology can empower businesses to capture, process, and use structured and unstructured data to gain real-time visibility. Supply chain organizations can harness the power of AI to centralize data and decision-making.
- New performance engine
Artificial Intelligence enables powerful resolution engines based on real-time analysis to automate supply chain functions and optimize transactions. AI can process data in large quantities to enable real-time supply chain management modeling. When a change occurs, the engine can determine the impact of the change on key performance indicators and make instant, well-informed decisions to achieve business outcomes.
- Agile decision-making
The current supply chain activities are carried out manually. The integration of AI into the existing supply chain process can create models that are data-driven, collaborative, and platform-based. Participants can share real-time data and qualitative information across the supply chain and review reports and discuss implications. Enterprises that wish to harness the potential of AI can leverage digital transformation consultancy service to identify the use-cases and implement the solution.
- Better performance management
Ingenious analytics redefines how the performance is gauged and managed. Apart from tracking conventional functional metrics, supply chain organizations can analyze the impact on their business outcomes. They can leverage predictive scenario modeling to assess the business impact of various options, such as missed supplier shipments, promotional campaigns, or corrective plans.
Take Away
Enterprises that integrate Artificial Intelligence into their operations and ride the transformational shift are sure to leverage benefits like complete visibility across the supply chain, better collaboration model, real-time resolution of issues, and ability to deliver on consumer requirements with speed, efficiency, and accuracy.
Millennial Partners offers mission-driven Artificial intelligence consulting services to help global businesses with AI integration. We follow a coherent roadmap to drive your AI development journey and fuel your business growth.
Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. Our digital transformation roadmaps include incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.
Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae