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The Financial Dynamics of AI-Enhanced Supply Chain Management

Advances in logistics, operations, and management science book series

This chapter explores the evolving landscape of AI-enhanced supply chain management, emphasizing the pivotal role of artificial intelligence (AI) in optimizing supply chain operations. It commences with an introduction that defines AI-enhanced supply chain management and underscores the importance of AI in this context. Subsequently, the chapter delves into the multifaceted role of AI in supply chain management, elucidating its diverse benefits. These advantages encompass enhanced supply chain efficiency, streamlined inventory and transportation management, and improved revenue generation through superior customer service and data-driven demand forecasting.

Authors: T. J. Nagalakshmi, A.L.M.A. Shameem, A. Somaiah, Sorabh Lakhanpal, Mohit Tiwari, Joshuva Arockia Dhanraj

DOI: https://doi.org/10.4018/979-8-3693-3593-2.ch014

Publish Year: 2024