Without taking advantage of the latest technology, supply chains become inefficient and unable to compete, and with higher consumer expectations and demands throughout the supply chain for faster turnarounds, industry requires the improvements that Artificial Intelligence can provide.
Supply Chain & Artificial intelligence
Artificial intelligence (AI) will change the way you think about your supply chain and supply chain efficiency.
Today’s supply chain complexities demand additional support.
You cannot afford to pass up on automating at least some of the processes.
And no, you don’t have to have robots replacing all your human workers at your facility.
AI goes beyond just robots to include automated processes in computers and more.
Implementing AI in your supply chain will make your life easier and your business more streamlined.
Increased Supply Chain Efficiency Means Maintenance Made Easy
Maintaining your equipment requires regular repairs and upkeep. But what if there was a way to know exactly when to conduct those tasks? You’d save money while cutting downtime.
The secret behind this lies in automating data collection through Industry 4.0 to automate the process.
Artificial intelligence collects information from sensors on equipment, which combines with maintenance records.
The system analyzes the information to predict the best time to repair your equipment, which is called predictive maintenance. And it could boost your productivity by 20 percent and cut maintenance costs by 10 percent.
Manage Your Warehouse Painlessly
The most familiar AI examples in industrial settings are warehouse robots that automatically pull products from shelves for shipping. This use of AI helps protect human workers from the dangerous tasks around a warehouse.
It also improves accuracy and safety in the warehouse. Smart robots can avoid obstacles like people and shelving for easier maneuvering when retrieving or storing products.
With AI, you can control multiple pieces of equipment in your facility from a single panel, which lessens the need for numerous low-skilled laborers. Though AI can replace some low-skill tasks, it cannot replace all jobs, such as supply chain managers.
Predictions claim job openings for supply chain managers could outnumber prospective employees by a ratio of six to one.
The good news is that your job as a supply chain manager is safe, but your task will change to integrate controlling AI and analyzing data from a smart warehouse. Read more here
Original Source: Click here
Author: Megan Ray Nichols
Website from source: www.supplychain247.com