Setting up a supply chain allows you to keep better track of your inventory, track the location of deliveries and increase your efficiency. With supply chain intelligence, you will be able to do all of these things in less time and with a greater level of efficacy. The intelligence part of supply chain management refers to the use of artificial intelligence. This is derived from computer algorithms that take into account your past data and sales transactions. With the information fed into the system about your business, the algorithm can make educated predictions about what to do next.
An intelligent supply chain management tool allows you to automate more of the work that is related to your supply chain. Robots can pick orders. You can have an algorithm set to order more supplies when you inventory reaches the minimum that you want to have available. An intelligent supply chain could also involve adjusting safety stock. You could have robots rotating items so that things with an earlier expiration date are sent out before those with a later expiration date.
Intelligence in supply chains also involves logistics. Your system could routinely analyze whether the current shipping routes and modes of delivery are the most efficient options. For example, road construction between a warehouse or port of arrival and your location could cause package to be delayed. Your intelligent management system could determine a better route that avoids the construction until the project is complete. This would decrease the amount of time that it takes to get your shipments in and out.
When your company wants a more efficient and effective supply chain, contact us at Demand Solutions. Information about our supply chain intelligence services is also available online on our website at Website URL.