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Little has the potential to power cost-cutting innovations quite like artificial intelligence technology. These tools applied to supply chain management can streamline processes and improve the safety and efficiency of the companies that employ them.
McKinsey reported that the majority of surveyed businesses experienced higher revenues through AI adoption, with 44% claiming cost reductions. For supply chains, the rate of cost reduction is even greater.
AI brings efficiency through big data analytics and performance insights on an unprecedented scale. With this power, AI is advancing supply chains for a cleaner, more cost-effective future. Preparing for this future starts with understanding AI implementation in the present.