THE ROLE OF ARTIFICIAL INTELLIGENCE INENHANCING SUPPLY CHAIN RESILIENCE

Authors

  • Madhusudan Sharma Vadigicherla Institute of Public Enterprise, India Author

Keywords:

Artificial Intelligence, Supply Chain Resilience, Predictive Analytics, Digital Transformation, Data Management

Abstract

This article explores the transformative role of Artificial Intelligence (AI) in revolutionizing supply chain management amid unprecedented challenges in the global economy. It discusses how AI technologies, including machine learning, predictive analytics, and automation, address critical issues such as data overload, system complexity, and global disruptions. The article examines the key benefits of AI implementation, including enhanced agility, improved demand forecasting, cost prediction, compliance management, fraud detection, and supplier network optimization. Furthermore, it delves into the broader impact of AI on various aspects of enterprise operations, from inventory planning to threat detection. With the global AI in supply chain market projected to reach $14.3 billion by 2028, this rapid adoption underscores AI's potential in creating more resilient, efficient, and adaptive supply chain systems capable of withstanding future shocks and capitalizing on emerging opportunities in the global marketplaceArtificial Intelligence

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Published

2024-09-06