Applications of GenAI in supply chains
PRODUCTION GenAI can rapidly produce and evaluate hundreds of alternative product designs based on predefined criteria to significantly speed up the innovation process . Learning from machine data on the factory floor , generative AI can create new predictive maintenance plans to correlate with when the equipment is likely to fail . Craig Summers
TECH & AI
Applications of GenAI in supply chains
SOME OF THE WAYS THAT GENERATIVE AI IS CURRENTLY BEING USED IN SUPPLY CHAINS
LOGISTICS GenAI can help in a number of ways here , including optimising global trade , logistics network design , and last-mile dynamic routes .
PLANNING When it comes to supply chain planning , many organisations are using AI to analyse large historical data sets , market trends , and other variables to create real-time demand models . Taking demand forecasting a step further , generative
AI can optimise inventory levels , production schedules , and distribution plans to be more efficient when meeting customer demands .
SOURCING For those that operate in the sourcing function , leveraging natural language processing can provide greater insights from supplier communications and data points for supplier management . It can also support , monitor , and analyse supplier interactions ; identify potential issues ; and improve supplier relationships .
PRODUCTION GenAI can rapidly produce and evaluate hundreds of alternative product designs based on predefined criteria to significantly speed up the innovation process . Learning from machine data on the factory floor , generative AI can create new predictive maintenance plans to correlate with when the equipment is likely to fail . Craig Summers
TITLE : MD , UKI , MEA & NORDICS COMPANY : MANHATTAN ASSOCIATES INDUSTRY : PROFESSIONAL SERVICES
Summers says : I firmly believe leadership is about creating an environment where people feel empowered and motivated to exceed their potential . I focus very much on ‘ authentic leadership ’.” are one of the most confidential and valuable assets in an enterprise .”
Returning to ChatGPT . What of this breakthrough technology ? How might supply chain professionals use it to its advantage ?
Craig Summers is MD , UKI , MEA & Nordics , with Manhattan Associates . Summers says he asked that very question of ChatGPT : ‘ Why is ChatGPT so important to consider for supply chains ?’
“ It responded by telling me that ChatGPT is a useful tool in supply chain because it helps automate processes , provides insight , and facilitates communication and collaboration between different stakeholders ,” reveals Summers . “ And in essence , it ’ s not wrong .”
ChatGPT is trained with approximately 570GB of data scraped from all corners