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 entire cost of the supply chain, these entities must collaborate. This research focuses on the use of artificial intelligence techniques in supply chain management. It includes supply chain management examples like demand forecasting and 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 and how to comprehend and use them effectively.