{"id":2229,"date":"2019-06-19T15:55:27","date_gmt":"2019-06-19T20:55:27","guid":{"rendered":"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/?p=2229"},"modified":"2020-02-28T09:31:45","modified_gmt":"2020-02-28T15:31:45","slug":"competing-in-the-age-of-ai-centric-supply-chains","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2019\/06\/19\/competing-in-the-age-of-ai-centric-supply-chains\/","title":{"rendered":"Competing in the Age of AI-centric Supply Chains"},"content":{"rendered":"<p><strong><a href=\"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/wp-content\/uploads\/2019\/06\/Competing_450x250p.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2186\" src=\"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/wp-content\/uploads\/2019\/06\/Competing_450x250p-300x167.jpg\" alt=\"\" width=\"300\" height=\"167\" srcset=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2019\/06\/Competing_450x250p-300x167.jpg 300w, https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2019\/06\/Competing_450x250p.jpg 450w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Competing in the Age of AI-centric Supply Chains<\/strong><\/p>\n<p>Artificial intelligence (AI) is the ultimate evolution of business intelligence and analytics as it uses data to generate smart insights. At the same time, it gets smarter by learning from patterns, behaviors and feedback from various digital and human interfaces.<\/p>\n<p><em>* By Mary Lou Jay *<\/em><\/p>\n<p>Artificial intelligence (AI) is the ultimate evolution of business intelligence and analytics, according to the 2019 <em>MHI Annual Industry Report, <\/em>\u201cElevating Supply Chain Digital Consciousness.\u201d<\/p>\n<p>AI gathers digital information from a variety of sources, including the IoT, data from the cloud, automated equipment (robots, autonomous vehicles and wearable technology) and advanced analytics. It uses all of this data to generate smart insights. At the same time, it gets smarter itself by learning from patterns, behaviors and feedback from various digital and human interfaces.<\/p>\n<p>Supply chain executives are aware of AI\u2019s potential: 88% of those surveyed for the report believe that AI will allow an organization to manage risk and improve predictability, while 79% said that AI will become a core competency within three years.<\/p>\n<p>Increased efficiency<\/p>\n<p>Today\u2019s supply chain has to satisfy consumers who want lower costs for goods, faster response times and free delivery.<\/p>\n<p>\u201cOne of the greatest challenges that we saw in this report is trying to grapple with the changing expectations of consumers,\u201d said Randy Bradley, assistant professor of supply chain management, University of Tennessee. \u201cWe\u2019re trying to figure out how to adapt and to adjust. Things have changed more quickly than we have been able to change our organizational processes and activities.\u201d<\/p>\n<p>Through AI and machine learning, an organization can look for patterns that predict consumer behavior so they can improve their processes for faster response times.<\/p>\n<p>In the non-physical world, AI will help companies do better forecasting, figuring out how much product to get, where to put that product and how to allocate it so it\u2019s closer to the customer. \u201cAI algorithms add layers of real-time modeling that can look at data such as history and geographies in a way that it\u2019s never been done before, \u201csaid Jim Liefer, CEO of MHI member Kindred AI.<\/p>\n<p>\u201cIn the physical world, I believe that where you\u2019ll see the greatest impact from the use of AI is in the control of robots by using inputs from the sensors like cameras and barcode scanners,\u201d he said. A robotic arm that incorporates AI can take that sensor information to learn to navigate in an unstructured environment, just as humans do.<\/p>\n<p>\u201cI want the robotic arm to get from point A to point B, but I\u2019m not going to tell it anything about how to get there,\u201d said Liefer. The arm would start off by \u201cbabbling\u201d\u2014moving around randomly\u2014but with every movement it makes it understands when it gets closer to the destination point. \u201cWithin a few hours it has tried every possible permutation and then it can easily navigate directly to that end point.\u201d<\/p>\n<p>If the endpoint changes, the robot knows how to get to that new endpoint faster because it already learned how to get to the initial endpoint.<\/p>\n<p><a href=\"https:\/\/www.mhisolutions-digital.com\/mhiq\/0319_volume_7__issue_3\/MobilePagedReplica.action?pm=2&amp;folio=20#pg20\"><strong><em>Read More\u2026<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competing in the Age of AI-centric Supply Chains Artificial intelligence (AI) is the ultimate evolution of business intelligence and analytics as it uses data to generate smart insights. At the same time, it gets smarter by learning from patterns, behaviors and feedback from various digital and human interfaces. * By Mary Lou Jay * Artificial &#8230;<\/p>\n","protected":false},"author":46,"featured_media":2157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,10,13],"tags":[428,183,433,432,429,430,434,125,431,133],"class_list":["post-2229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-industry-trends","category-technology","tag-artificial-intelligence","tag-elevating-supply-chain-digital-consciousness","tag-george-prest","tag-iam-robotics","tag-jim-liefer","tag-kindred-ai","tag-mhi-annual-industry-report","tag-randy-bradley","tag-tom-galluzzo","tag-university-of-tennessee"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Competing in the Age of AI-centric Supply Chains - MHI Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mhisolutionsmag.com\/index.php\/2019\/06\/19\/competing-in-the-age-of-ai-centric-supply-chains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Competing in the Age of AI-centric Supply Chains - MHI Solutions\" \/>\n<meta property=\"og:description\" content=\"Competing in the Age of AI-centric Supply Chains Artificial intelligence (AI) is the ultimate evolution of business intelligence and analytics as it uses data to generate smart insights. 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