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    ARTIFICIAL INTELLIGENCE (AI) IN SUPPLY CHAIN PLANNING THE Future is Here & Now

    Dec 03, 2019 7 minutes
    BY MARK BALTE

    According to a recent International Data Corporation (IDC) Digital Economy Model, by 2023 over 50% of all worldwide nominal gross domestic product will be driven by digitally transformed enterprises. And, by 2025, at least 90% of new enterprise apps will have embedded AI capabilities.1 Gartner estimates that by 2021, AI augmentation will generate $US2.9 trillion in business value and recover 6.2 billion hours of worker productivity.2 In study after study, there is evidence of the growing use of AI across all business functions, including the supply chain. Yet, with all of the fervor and excitement around AI, many don’t fully understand what it is and how it can help improve operations including margin growth, service levels and risk mitigation.

    This article discusses the importance of embracing Artificial Intelligence (AI) in supply chain planning operations and why the best time to embrace AI capabilities is right now. We will explore the capabilities available today to help you improve productivity, accuracy and speed as well as explore some of the technologies companies are working on today that will power the supply chain of tomorrow.

    The Future is Now

    The phrase digital transformation is all around us and many companies have embarked on their journeys to digitise their business. However, it is

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