Logistics sector and AI

Three years ago, our inventory management processes were manual. We

were using spreadsheets, but it worked. Then Covid-19 hit and the wheels
fell off. We are still experiencing the supply chain disruptions caused by it.
We now realize we need to move to a more robust solution.”

Before the pandemic, supply chain managers were accustomed to using

reliable historical sales data. It was the same data showing similar patterns
and seasonal trends year after year. Besides, the supply chain itself was
rather predictable. Suppliers’ lead time was more or less stable. All of this
made inventory management much easier than it is now.

Today, supply chain managers have to deal with a new set of

challenges such as supplier unpredictability, missing historical data and
various supply chain disruptions. Moreover, they still need to do their
everyday job, namely, balancing inventory levels, meeting their customers’
expectations and preferably outperforming competitors.

Adding to these challenges is that they are required to react to changes

almost immediately. In fact, according to Gartner, “60% of [chief supply
chain officers] are expected to make faster, more accurate and consistent
decisions,” often in re