AI is transforming manufacturing—but how can it be used wisely? In this Supply Chain Byte, Lisa Anderson breaks down the real value of AI and shares practical examples of how manufacturers can leverage it for efficiency, value and growth. Don’t just follow the buzz—learn how to make AI work for your business.
Artificial intelligence (AI) will make a huge impact on future opportunities. Thus, investments into AI are significant. To read more about these investments and opportunities, read our recent article, CES and Starlight Highlight as Critical in Manufacturing and Supply Chain Success. In addition, Amazon has announced it will invest $100 Billion on AI opportunities this year. If you are not pursuing AI, you will be left in the dust. On the other hand, you should not blindly follow fads; think about what will provide meaningful value and invest there.
Generative AI can provide significant value to the bottom line. According to a Harvard study, generative AI boosts productivity by 40%. This is what we see with clients as well. A client rolled out robotics with AI type capabilities that doubled output. Another client upgraded their use of their MRP system and advanced planning capabilities (APS) and dramatically reduced the low-skilled labor required in planning and scheduling (a minimum of a 40% improvement). Lastly, a client used digital twin-and AI-like capabilities to dramatically improve forecasts and reduce the time required to make directionally correct decisions. Listen to our Supply Chain Byte for additional ideas on this hot topic.
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