May 2024
Intermediate to advanced
384 pages
9h 24m
English
Content preview from Supply Chain Network Design
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05 Harnessing Emerging Technologies in Supply Chain Network Design
With all the rapid advancements in artificial intelligence (AI), can we not sit back and let it design supply chain networks? Good question. Organizations have begun to use AI typically in combination with other emerging technologies such as blockchain, the Internet of Things (IoT), cloud computing, and data analytics to optimize operational efficiency and costs of supply chain networks.1 A McKinsey report highlighting the uses of AI in supply chains found that early adopters of AI-enabled supply-chain management solutions saw improvements in logistics costs by 15% inventory levels by 35%, and service levels by 65%, compared with their slower-moving competitors. The report ...
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