SUPPLY CHAIN SUSTAINABILITY
What does the future hold for supply chain visibility Jon says : “ Emerging technologies will undoubtedly be implemented in this space in the future to help drive further visibility and efficiencies .
“ AI-powered analytics are capable of processing large amounts of supply chain data and identifying patterns , predicting demand , optimising inventory levels , and detecting anomalies or potential disruptions . Meanwhile , machine learning algorithms can continuously learn from data to improve forecasting accuracy and enhance supply chain performance .
“ Integrating the supply chain with blockchain technology offers secure , real-time tracking of goods from origin to destination , reducing fraud and errors .”
Adam adds : “ AI is definitely a key trend that we ’ ve already seen starting to come into effect .
“ Through automated data capture and classification , AI can turn supply chains from reactive to proactive and predictive models , improving forecasting , optimisation and decision making .
“ Specifically , AI systems can suggest solutions to address disruptions and improve workflows , such as alternate suppliers , production schedule changes , and delivery route optimisation , which are continuously refined .
“ As AI develops , the automation and new processes will get smoother , so we ’ ve got a lot to look forward to in this space .” procurementmag . com 109