One Way Artificial Intelligence (#AI) Is affecting #Logistics & Supply Chain Management.
Using #predictive #modeling can help with the demand for forecasting. When there is #inventory but less demand, any company suffers losses. Artificial Intelligence or #AI can ramp up efficiencies in the network planning and predictive demand, thereby, allow merchandisers to become more proactive. By knowing when and what to expect, these companies can adjust the number of delivery vehicles and direct them to locations where maximum demand is expected this action will lead to lower operational costs.