Innovative companies are cutting supply chain complexity and accelerating responsiveness using artificial intelligence. By applying AI and machine learning against vast sets of supply chain data to unearth insights into problems and performance, enterprises are augmenting knowledge-intensive areas such as supply chain planning to be more dynamic, flexible, and efficient.
Computerization, the Internet and automation ushered in Industry 3.0, revolutionizing the way we work. Now there’s IoT, cloud computing, 3D printing, autonomous vehicles, mobile, social and Big Data. Welcome, Industry 4.0. In the not-to-distant future supply chain planners will sit in control rooms with a real-time view of inventory at all nodes of the supply chain.