AI Use Case

Optimise supply chain including logistics, procurement timing and inventory distribution across warehouses and stores

Optimise supply chain including logistics, procurement timing and inventory distribution across warehouses and stores

Function

Operations

Network Operations

Benefits

Cost - Reduced inventory costs,Operational - Network optimisation,Cost - Improved cash flow management

Case Studies

Lineage Logistics ~Lineage is boosting warehouse efficiency by 20% with AI powered smart placement,Hitachi ~Hitachi conducted an on-site demonstration of a warehouse management system equipped with its AI technology where results showed efficiency improvement in logistics tasks,UPS~UPS saves 10 million gallons of fuel and $100 million per year by optimising driver delivery routes that consider real-time traffic and weather information obtained from social media and machine learning,Otto~Otto reduces the rate of product returns by predicting sales for the next three months with 90% accuracy using machine learning to understand consumer preferences,Shell~Shell saves over a million dollars annually by doing inventory analysis 32 times faster using machine learning,Stitch Fix~StitchFix keeps track of customer behavioural and purchase patterns to predict demand and manage inventory using state transition matrices and Markov chain models,UPS~UPS aims to avoid trouble spots in its global network by rerouting packages away from snow with machine learning ,Instacart~Instacart predicts availability of 200 million grocery items every 30 minutes using machine learning,Orient Overseas Container Line Limited (OOCL)~Orient Overseas Container Line Limited (OOCL) looking to optimise shipping operations with deep and reinforcement learning,Eco Marine Power~Eco Marine Power unveils automated control and monitoring systems for ships

Industry

Data Sets

Structured / Semi-structured,Time series

AI Technologies

Traditional AI,Machine Learning (ML),ML Task - Action Selection - Reinforcement Learning

Potential Vendors

Blue Yonder,Databricks,Microsoft