Professional Documents
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MACHINE LEARNING:
• Scientific and technical field aimed at giving machines the ability to learn how to
perform a complex task
• Today, can complete complex although specialized tasks:
• Image interpretation, Speech recognition
• Predict consumer purchase (recommender systems)
• Forecast sales and demand (supply chain systems)
SUPPLY CHAIN MANAGEMENT
• A supply chain consists of all parties involved, directly or indirectly, in fulfilling a
customer request.
• The supply chain not only includes the manufacturers and suppliers, but also
transporters, warehouse, retailers and customers.
• Within each organisation, such as a manufacturer, the supply chain includes all
functions involved in receiving and filling a customer request.
• These functions include, but are not limited to, new product development,
marketing, operations, distribution, finance and customer services.
AI, ML AND SUPPLY
CHAIN
• Demand Forecasting and Inventory Planning
• Materials Sourcing
• Manufacturing Decisions
• Quality Assurance
• Delivery and Logistics
BIG DATA 7
V’S:
• Volume
• Velocity
• Variety
• Variability
• Veracity
• Visualization
• Value
DEMAND FORECASTING : LEARNING THE MODEL
Future context
data
Clustering Learning
NEW PRODUCT FORECASTING : EXPLOITING THE MODEL
Sales forecast
New product features
• Colour = XXX
• XXXXX = XXX
• XXXXX = XXX
• XXXXX = XXX
ARTIFICIAL INTELLIGENCE IN
PROCUREMENT
• AI is helping drive cost reduction and compliance agenda through
procurement by generating real time visibility of the spend data