Volume 17 No 5 (2019)
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The Impact of Artificial Intelligence on Supply Chain Management: An Analytical of Retail Industry
Supply chain management is essential for preserving efficiency and profitability in the retail sector, one of the most competitive and dynamic industries. The practices used by the retail industry's supply chain management have been greatly impacted by the recent rise of artificial intelligence (AI). AI can completely transform the way that supply chains are currently managed and expedite every step of the process, from production to distribution. Advanced supply chain management systems are now possible thanks to AI innovations like machine learning, natural language processing, and predictive analytics. These systems can analyze large amounts of data in real-time, offer predictions and recommendations, and optimize supply chain operations for maximum efficiency. To improve operational efficiency, cut costs, and increase customer happiness, retailers in India have already begun implementing supply chain management systems powered by AI. benefits of AI-powered supply chain management solutions and how merchants are implementing them to gain a competitive edge in the market
Supply Chain Management, Artificial Intelligence, Efficiency, Retail Industry, Predictive Analytics.
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