Role of artificial intelligence in supply chain management

Abstract

The term “supply chain” refers to a network of facilities that includes a variety of companies. To minimize the entirecost of the supply chain, these entities must collaborate. This research focuses on the use of artificial intelligencetechniques in supply chain management. It includes supply chain management examples like demand forecastingand supply forecasting, text analytics, pricing planning, and more to help companies improve their processes,lower costs and risk, and boost revenue. It gives us a quick rundown of all the key principles of economics andhow to comprehend and use them effectively.