Why will Supply Chain automation help your business grow?
Supply Chain refers to procuring raw materials from natural or artificial sources to deliver them to the customer’s house safely. This entire process is managed by a team known as Supply Chain Management. For a long time, the whole process has been handled manually. With the advancement of time, as there is an increase in demand due to the rise in population, automated machines, and Artificial intelligence are coming into use. The computer-based service will reduce the overall expenditure as much labor is unnecessary. Also, the entire procedure will be completed quickly and will be hassle-free. There will be fewer human errors, are miscommunication will be reduced. Therefore, there is a necessity for supply chain automation.
Need for supply chain automation.
Supply chain automation refers to using technology where work will be handled by machines instead of human intervention. The use of Artificial Intelligence can solve warehouse issues more quickly and accurately than humans. AI-driven automated technology will reduce the need and cost of warehouse staff.
Supply chain automation is necessary for a business to work at a large scale: Automated services will help manufacture goods faster, and products will move more quickly without goods getting damaged. Retailers often face the pressure of fast delivery due to the “Amazon Effect” as customers demand it. AI will help retailers to speed up the delivery process so that other retailers can compete. “Amazon Effect” refers to the change in shopping patterns, customers’ demand, and industry competition. As e-commerce has grown its popularity and there is a shift from the local market to the online market, the traditional market is facing tough competition with the online marketplace.
Can forecast customer demand: Companies are setting up automated alerts to monitor customer demand signals. It helps in reducing shortage. AI detects that the particular object has been viewed by how many people. If the good has been viewed or purchased by many people, the specific product is in demand. It also generates data that analyses people’s enthusiasm towards the particular product before a few months and now. This procedure will help the procurers to procure the good as soon as possible and keep the goods ready so that when the customer orders the product, it can reach him soon.
AI helps track inventory supply and demand: Inventory Management Software constantly checks the inventory level. When a particular item is likely to get out of stock, it notifies the customer and sends an alert to the company regarding it. It also shows some alternative or similar kinds of products.
Complete detail about the product location: The manufacturer gets full details of the goods, whether the product has been shipped or is it been loaded and unloaded from the ship, when it will be delivered, who is the delivery partner, when it will reach the location, or is the product in good condition, etc. using automated sensors.
Conclusion:
Undoubtedly, humans cannot be replaced by machines. But, keeping in mind the current scenario, the use of technology will help us to get advanced in the field of business. It will also ensure transparency, creating a healthy environment between the seller and buyer. The customer will be given in-depth details of the product. Using modern technology and machine learning tools, there will be fast delivery of goods and smooth functioning of the management system of the supply chain.
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Author: –
Anis Kazi
Chief Business Officer (CBO) – Logistics & Ecommerce Business
MERAQUI Ventures Pvt Ltd
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