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AI and Automation reshaping Supply Chain Management

In the fast-paced world of supply chain management, speed is the mantra that drives success. From swift decision-making to reducing cycle times, every aspect of operations demands agility and efficiency. However, a groundbreaking force is emerging that promises to take supply chain management to new heights: Artificial Intelligence (AI). This transformative technology is not just a passing trend, it is poised to make waves in the industry for years to come.

According to Gartner, supply chain organizations are expecting a significant increase in the use of machine automation in their processes over the next five years. At the same time, global spending on Industrial Internet of Things (IIoT) platforms is projected to reach $12.44 billion this year.

AI in supply chains provides powerful optimization capabilities that are essential for accurate capacity planning, improved demand forecasting, increased productivity, and beyond. It’s all about shaping the future of supply chain management.

Automation in Supply Chain Management

Automation is revolutionizing supply chain management by streamlining processes, reducing costs, and improving efficiency. From inventory management to order processing and logistics, automation is reshaping how businesses operate. According to a report by Infosys BPM, this shift towards automation is driven by the pursuit of operational excellence and the need to stay competitive in a fast-paced market. AI and machine learning are at the forefront of this automation revolution. These technologies empower decision-makers to optimize procurement, inventory management, and distribution. According to Gartner, by 2026, 75% of large enterprises will be using intralogistics smart robots in their warehouses. This rapid adoption of automation indicates a fundamental change in how supply chains are managed and operated. However, the rise of automation also presents challenges for industry leaders. While automation promises efficiency gains and cost savings, it requires significant investments in technology and upskilling the workforce. Decision-makers must carefully consider the implications of automation on their supply chain strategies and adapt accordingly to stay ahead in the market.

However, with the promise of efficiency gains and cost savings, the rise of automation also presents challenges for industry leaders. It demands significant investments in technology and workforce upskilling. Decision-makers must carefully consider the implications of automation on their supply chain strategies and adapt accordingly to maintain a competitive edge.

Join us in the Journey

Thought leaders are the vanguards of change, spearheading the adoption of automation in supply chain management. Their insights and best practices serve as guiding beacons, illuminating the path forward for organizations navigating the complexities of automation. The Supply Chain Management and Logistics Summit is a melting pot of ideas, where thought leaders converge to shape the future of the industry. As we gaze into the future of supply chain management, one thing is certain: automation will be at the forefront. Organizations that embrace automation technologies stand to gain a competitive edge, streamlining operations and enhancing agility. The 11th edition of the Supply Chain Management and Logistics Summit is a gateway to the future, offering a glimpse into how automation is revolutionizing the supply chain landscape.

Join us at the biggest Supply Chain Conference organized by ET Now, on 28th June 2024 in New Delhi. Explore how automation is reshaping the supply chain ecosystem and learn from industry leaders and thought leaders about the transformative power of automation in supply chain management.