10 Ways Machine Learning Is Revolutionizing Supply Chain Management

 By Forbes - 2020-10-14

Description

Machine learning makes it possible to discover patterns in supply chain data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly ...

Summary

  • Bottom line: Machine learning algorithms are finding these new patterns in supply chain data daily, without needing manual intervention or the definition of taxonomy to guide the analysis.
  • From the pragmatic approaches of asking channel partners, indirect and direct sales teams how many of a new product they will sell to using advanced statistical models, there is a wide variation in how companies forecast demand for a next-generation product.
  • On average, a typical company relies on external suppliers for over 80% of the components that are assembled into a given product.

 

Topics

  1. Machine_Learning (0.49)
  2. Backend (0.33)
  3. NLP (0.16)

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