-
AI Applications in Supply Chain Management: Present Scenario and Future Prospects
Dr Shekhar Srivastava Mohammed Sadaf Ahmed
Abstract:
A well-functioning supply chain is a key to success for every business organization. In recent years Artificial Intelligence (AI) has been proved to become an extension of our mind, expanding our cognitive abilities to levels that we never thought would be possible. Though many believe AI will replace humans, it is not true. AI has been integrated into many sectors of business and been proved to reduce costs, increase revenue, and enhance asset utilization. The study focuses on recent trends, major gaps and opportunities with reference to Artificial Intelligence (AI) applications in Supply chain Management (SCM). This research offers a comprehensive overview of how AI is influencing the present and future state of SCM. It provides vital insights for researchers, practitioners and decision-making who are involved in this dynamic and everchanging field. This paper critically evaluates the role of AI in supply chain management. It also discusses AI applications on sub fields of Supply chain management and the challenges related to implementation of AI in SCM.
