The global AI in Supply Chain market is anticipated to grow at a CAGR of 38.8% during the forecast period. AI plays a crucial role in assisting businesses in various aspects of supply chain management, such as inventory planning, transportation route optimization, and overall efficiency enhancement. By analyzing historical data and market trends, AI algorithms provide accurate demand forecasts, aiding businesses in reducing excess stock and minimizing carrying costs. These algorithms also continuously monitor inventory levels and automate the reordering process, ensuring consistent product availability.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/ai-in-supply-chain-market
Additionally, AI algorithms can optimize transportation routes, considering factors such as traffic, weather, and delivery schedules. This optimization results in reduced transportation costs and improved delivery times. The growing adoption of AI in the supply chain is driven by its ability to automate tasks and decision-making processes, allowing supply chain professionals to focus on more strategic activities. This leads to increased overall efficiency and productivity in the supply chain.
As a response to the rising demand for supply chain management software, market players are introducing innovative products. For instance, in April 2023, Inspectorio launched the first generative AI-driven supply chain management software in the globe. The globe's generative AI tool powered by ChatGPT, Inspectorio CAPA recommender, enables brands, retailers, suppliers, factories, and other parties manage their supply chains.
Global Artificial Intelligence (AI) in Supply Chain Market Report Segment
By Technology
- Machine Learning (ML)
- Natural Language Processing (NLP)
- Context-Aware Computing
- Computer Vision
By Application
- Fleet Management
- Supply Chain Planning
- Warehouse Management
- Virtual Assistant
- Risk Management
- Freight Brokerage
- Others (Supplier Relationship Management)
By End-User
- Automotive
- Aerospace
- Manufacturing
- Retail
- Healthcare
- Consumer-Packaged Goods
- Food and Beverages
- Others (Chemicals, Hospitality, and Tourism)
A full report of AI in Supply Chain Market available @ https://www.omrglobal.com/industry-reports/ai-in-supply-chain-market
AI in Supply Chain Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Amazon Web Services, Inc.
· FedEx Corp.
· General Electric Co.
· IBM Corp.
· Intel Corp.
· Micron Technology, Inc.
· Microsoft
· NVIDIA Corp.
· Oracle Corp.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/