Site Loader

Machine Learning for Augmented Supply Chain Networks

We are being dependent on AI or Artificial Intelligence in many ways, it has taken over almost every sector we work in. Even our homes are becoming smart with the implementation of AI and reducing the human effort to a great extent by making the machines able to work like humans but in a better way. There isn’t a single industry left in the world that hasn’t adopted AI technology in its processes. Like that, the logistics are also not far from utilizing AI in their process. Human errors that cannot be controlled by any kind of poka-yoke or kaizen can be completely replaced by machine learning algorithms. Optimized processes can also be well achieved by analyzing the huge data that is impossible to compute at a manual level thus eliminating human error and saving time.

Inventory Control to Start A New Business: Dropshipping

Inventory or warehouse maintenance and its cleaning is a major cost addition to your company’s revenues every year. For new businesses involving a huge chunk of their investment in inventory rental and management is at alarmingly high risk. Considering the skyrocketing prices of real estate, renting a warehouse for inventory is an absolute predicament. Most new startups tend to have limited human resources and money. These resources need to be carefully allocated and judiciously used. Meticulous strategies have to be implemented to achieve profits in the early stage of a business. This is where dropshipping offers a better deal to these startups.