• AI Transforming Supply Chain Management: Predictive Maintenance, Inventory Optimization, and Demand Forecasting

  • May 10 2023
  • Length: 18 mins
  • Podcast

AI Transforming Supply Chain Management: Predictive Maintenance, Inventory Optimization, and Demand Forecasting

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  • Summary

  • In this episode of Conversations with the Machine, Neo and Luna delve into the significant impact of AI on supply chain management for small businesses. They explore the benefits of AI in several key areas, including predictive maintenance, inventory management, and demand forecasting. Real-world examples are shared, such as General Electric's use of sensors and AI algorithms to predict maintenance needs for aircraft engines, resulting in increased reliability and reduced costs. Walmart's successful implementation of AI-powered inventory optimization is also highlighted. The hosts emphasize that AI solutions are now accessible and affordable for businesses of all sizes. They discuss the challenges and opportunities of incorporating AI into supply chain operations and provide advice for business owners considering its adoption. Overall, this episode sheds light on how AI is revolutionizing supply chain management and offers insights into the future of this evolving field.https://www.conversationswiththemachine.com
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