8 Ways AI Is Shaping Inventory Management
1. Demand Forecasting: AI predicts demand patterns accurately, optimizing stock levels.
2. Inventory Optimization: AI adjusts inventory in real-time based on sales trends and data.
3. Predictive Maintenance: AI anticipates equipment failures, reducing downtime.
4. Supply Chain
Visibility: AI enhances transparency across the supply chain, improving efficiency.
5. Automated Replenishment: AI automates reorder processes, ensuring optimal stock levels.
6. SKU Segmentation: AI categorizes products for better inventory management strategies.
7. Risk Management: AI identifies and mitigates risks like stockouts or overstocks.