Using Artificial Intelligence And Robotics To Automate The Supply Chain.

Republished By Plato

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Utilizing artificial intelligence and robotics is transforming the supply chain. SCM is evolving faster than ever. Automation is a given to stay in business. This video helps people understand what is available and a great starting point to increase knowledge with automation in distribution and fulfillment.

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There are a number of ways in which companies are using artificial intelligence (AI) and robotics to automate various aspects of their supply chains. Some examples include:

Demand forecasting: AI can be used to analyze data on past sales and market trends to predict future demand for goods and services, allowing companies to optimize their inventory management and production plans.
Inventory management: AI can be used to optimize inventory levels, helping companies to reduce the risk of overstocking or running out of stock.
Transportation planning: AI can be used to optimize transportation routes and schedules, helping companies to reduce costs and improve efficiency in their supply chain.
Quality control: Robotics and AI can be used to inspect and test products at various stages of the production process, helping companies to identify and eliminate defects and improve quality.
Fulfillment: Robotics can be used to handle and transport goods within warehouses and fulfillment centers, allowing companies to automate many of the tasks involved in order fulfillment.

Overall, AI and robotics have the potential to significantly improve the efficiency and effectiveness of supply chain operations, helping companies to reduce costs and improve customer satisfaction.

How can artificial intelligence proactively mitigate supply chain disruptions?

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Retail Research

Automation and Supply Chain Quotes

“If you look at the robotic devices that are coming into the restaurant industry — it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries — it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe.” ~Ed Rensi
“All we are doing is looking at the time line, from the moment the customer gives us an order to the point when we collect the cash. And we are reducing the time line by reducing the non-value adding wastes.” ~Taiichi Ohno, father of the Toyota Production System
“You’re either the one that creates the automation or you’re getting automated.” ~Tom Preston-Werner.
“The pandemic of 2020 will accelerate how quickly jobs are replaced by robots.” ~Dave Waters
“Our research says that 50% of the activities that we pay people to do can be automated by adapting currently demonstrated technologies. We think it’ll take decades, but it will happen. So there is a role for business leaders to try to understand how to redeploy talent. It’s important to think about mass redeployment instead of mass unemployment. That’s the right problem to solve.” ~Michael Chiu
“There are an endless number of things to discover about robotics. A lot of it is just too fantastic for people to believe.” ~Daniel H. Wilson.
“Products can be easily copied. But a supply chain can provide a true competitive advantage.” ~Yossi Sheffi
“By the time we get to the 2040s, we’ll be able to multiply human intelligence a billionfold. That will be a profound change that’s singular in nature. Computers are going to keep getting smaller and smaller. Ultimately, they will go inside our bodies and brains and make us healthier, make us smarter.” ~Ray Kurzweil.
The future of the predictive supply chain: Artificial Intelligence; Machine Learning; Deep Learning.