Retail Merchandiser Volume 64, Issue 4 | Page 20

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All this is just the beginning . As AI evolves , it ’ s poised to take on even more complex roles . Future applications are on track to extend into autonomous decision-making where AI systems will not only predict but also make real-time adjustments to supply chains without human intervention . Advanced AI is likely to manage most end-to-end supply chain processes , from raw material acquisition through to customer delivery . This deeper integration promises to transform traditional supply chain models into dynamic , predictive networks that can more adeptly respond to global challenges and market fluctuations .
Building the data foundation for AI It ’ s not surprising , then , that retail businesses have such high hopes for AI . This summer , TradeBeyond conducted a survey of retail executives that found AI is the top technology that supply chain leaders plan to integrate into their operations over the next three years . Despite their eagerness to integrate AI , however , many companies have not yet created the digital infrastructure to realize its complete potential . Brands and retailers are understandably eager to leverage AI in their supply chain operations , but in truth many have not yet created the digital infrastructure to do so . One major obstacle preventing businesses from realizing AI ’ s potential is the lack of organized , centralized , real-time data . To overcome this , companies need to start creating a central repository of supply chain data at the PO , SKU , and factory levels .
One major obstacle preventing businesses from realizing AI ’ s potential is the lack of organized , centralized , real-time data
The foundation for optimizing the benefits of AI for any organization lies in the ability to interconnect thousands of proprietary data points from multiple data sets across your enterprise . That requires aggregating all data from early-stage planning through the creation of product specifications , onto sourcing , costing , and logistics , and including detailed information on all suppliers along the supply chain up to the Nth tier . It ’ s only once businesses have established effective data management that they can begin unlocking AI ’ s full potential .
Digitalizing with a multi-enterprise platform ensures that data is current , accurate , and accessible , setting the foundation for leveraging AI . These platforms provide real-time supply chain visibility , allowing businesses to monitor their supply chains continuously , identify potential issues before they escalate , and make informed decisions based on accurate , up-to-date information . Establishing this robust digital infrastructure is the key to equipping AI with the data it needs for predictive analytics and automated decision-making .
These platforms are already deploying AI in innovative ways , and their capabilities are continually expanding . AI-powered chain of custody tools can significantly enhance traceability by automating documentary verification and documenting the chain of custody of all materials . This AI proactively assesses compliance risks and ensures that every link in the supply chain meets your company ’ s standards of sustainability and prepare all chain of custody documents necessary to comply with global ESG regulations . By automatically scanning and vetting all documents against multiple databases of blacklisted entities and identifying gaps or missing documentation before shipping , this AI dramatically simplifies compliance with global ESG laws like the Uyghur Forced Labor Prevention Act .
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