- January 3, 2025
- Student Blog
The business operations and supply chain management are its foundation. From sourcing the raw materials to delivering the final product, it is the system that ensures everything operates effectively and efficiently. By carefully planning, coordinating, and controlling each step of the process, businesses can ensure they’re efficient, profitable, and customer-focused.
Ai for transforming Operations and supply chain management
Artificial intelligence is altering the landscape of OSCM. By using strong algorithms and machine learning techniques, Ai enables organizations to optimize processes, enhance decision making, and achieve levels of efficiency.
Implementing Ai can empower various processes in OSCM as:
Demand forecasting and inventory management: Businesses can create precise demand projections by using AI-Predictive Analytics to examine market trends, historical data, and other external factors. By anticipating changes in demand, businesses can manage their inventory levels, which can eventually reduce the risk of stockouts and help minimize holding cost.
Supply chain optimization and visibility: From procurement to delivery, real-time visibility into the supply chain process is made possible by the integration of artificial intelligence (AI) into supply chain management. Tracking shipments, identifying potential disruptions and optimizing routes, Ai helps by streamlining logistics and lower transportation cost.
Predicting maintenance: Ai- algorithms can analyse equipment based on output they produce to pre-analyse failures, enabling proactive maintenance and minimizing downtime.
Warehouse management: By utilizing Ai, warehouse management can be more efficient and can eventually help to reduce labour cost.
Artificial intelligence is transforming how businesses function and effectively manage their supply networks. A company may gain a competitive edge, increase efficiency, and offer great customer service by implementing AI. The incorporation of AI tools into the curriculum of operations and supply chain management at Universal AI University has markedly improved both theoretical understanding and practical skill development.
Prassana Kulkarni
Chhatrapati Sambhajinagar, Maharashtra
MBA 1st Year Student
Universal Ai University
