Other facets of supply chain being transformed by AI and ML include supply chain planning, supplier selection, risk management, warehouse automation, last-mile optimisation and predictive maintenance. The following are 10 companies whose AI platforms and solutions are changing the way that supply chains are managed., Recently, this technology gained popularity as further advancements such as generative AI and tools such as chatbots have taken off and shown how beneficial the systems can be for supply chain management. Meanwhile, the COVID-19 pandemic illustrated just how fragile the global supply chain can be and why better management tools are necessary., When selecting technology vendors for AI-powered tools, it is crucial to assess supply chain solutions for features that align with business goals, such as demand forecasting, inventory management, and logistics optimization. “When managed properly, artificial intelligence can improve supplier relationships through real-time data visibility , Supply chain AI solutions enable real-time visibility into inventory levels by using connected sensors, AI algorithms, and demand forecasting. AI technology helps predict return volumes and sort returned goods for reuse, recycling, or resale. These processes are optimized using machine learning models that evaluate relevant data from , ROI and Cost Savings: Early adopters of AI in the supply chain industry improve logistics costs by 15%, inventory levels by 35%, and service levels by 65%.; Operational Outcome Metrics: AI enables preventive maintenance that reduces the time to predict mechanical failures by 75% at OYAK Cement.; 10 Key Areas Where AI is Transforming Supply Chains 1. Demand Forecasting & Pl, Founded: 2014 Location: Chicago, Illinois FOURKITES is a logistics company that uses AI to provide real-time tracking of fleet vehicles on roads, over seas and in the air. Its visibility technology serves shippers, carriers and logistics service providers. The company’s Fin AI, a natural language interface that automates tedious tasks like projecting the downstream consequences of supply .