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The larger and more complex supply chains become, the more vulnerable they are to disruptions. Pressures such as market volatility, tightening labor, inflation, weather events, and supply shortages have a cascading effect on the global movement of goods.
The good news is that, thanks to the proliferation of sensors, cameras, and digital tools, many of these conditions can be captured in data—a lot of data. Artificial intelligence (AI) gives us a means of understanding that data. This technology can be used to dynamically analyze complex data sets, helping companies predict demand, identify trade-offs, and optimize delivery routes. Together with subsets like machine learning (ML), which utilizes training data and feedback to progressively improve accuracy, AI allows firms to illuminate and even predict supply chain disruptions before they occur. More than anything, AI can help supply chain managers make better, more informed decisions. While many supply chain managers are aware of the potential of AI, a common stereotype is that AI will replace humans by fully automating data analysis and decision-making. That is not the case. While AI does rely on data analysis to deliver recommendations, often the full story of what is happening in the supply chain cannot be completely captured by the available data. Instead, recognition of many issues and their causes can come only from a human’s prior experience and intuition. At the Institute for Experiential AI (EAI) at Northeastern University, we have found that human involvement is an important part of getting the most out of artificial intelligence. With a human involved at all stages of the AI “training” and ongoing feedback process, the technology does a better job of increasing efficiency, yielding more ethical outcomes, and providing insights that improve bottom-line performance—better than it would without human involvement. We call this human-centric approach to AI “experiential AI.” Visit https://www.supplychainquarterly.com/articles/7243-why-experiential-ai-is-a-smart-choice-for-supply-chain-leaders to view the full article online.
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Season three's episodes are resonating with our supply chain audience. So far in the series, Responding to the Labor Crisis, we've learned valuable insights from Mark Baxa, CSCMP president and CEO; Claudia Knowlton-Chike, a retired global supply chain executive with companies that included IBM, GE, Motorola, Facebook, and Google; Mike Regan, chief relationship officer at logistics services provider TranzAct; Charlie Saffro, president and founder of CS Recruiting; and Shekar Natarajan, chief supply chain officer at retailer American Eagle.
Our series-based podcast shares more content, SCM exposure, and pinpointed, deep industry discussions with top thought innovators from the end-to-end supply chain. Supply Chain in the Fast Lane, developed and hosted by the Council of Supply Chain Management Professionals (CSCMP) and Supply Chain Quarterly (SCQ), fast tracks topics you need to know from leaders you want to know. Catch up on the series and tune in for new episodes each Tuesday as we continue the discussion on Labor Recruitment and Retention, sponsored by SCOPE Recruiting and Vanderlande. Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=755474&issueID=93696 to view the full article online.
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When it comes to helping ALAN there’s no such thing as “just a small” donation. Each tax-deductible dollar you give allows ALAN to help provide more than $70 worth of relief to individuals and communities at a time when they need it most─and to deliver dignity, comfort and hope. Help ALAN continue the good work they do by becoming an ALAN corporate donor or member – or by making a one-time gift today. Click here to learn more about becoming an ALAN corporate donor.Or contact comms@alanaid.org for donation inquiries. ALAN also just kicked off it's fall fundraiser. This year ALAN is offering a logoed jacket for every donation of $200 or more. Give a gift today at: https://www.alanaid.org/alan-rain-jackets/ with the password alanaid.
P.S. Did you know you can also give to ALAN through Amazon Smile? When you shop on Amazon Smile this season use this link to select American Logistics Aid Network as the charity you’d like to give to. Visit https://www.alanaid.org/donate/ to view the full article online.
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