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AI and automation as key factors
Unstable supply chains lead to irregularities in product availability, impairing the customer experience and ultimately reducing profits. This is where AI and digital tools come into play: they identify patterns early on that indicate impending bottlenecks and automatically suggest alternative products before production is affected.
Where AI and automation are used effectively, people are instead able to focus on problem-solving, innovation and planning. This can also pay dividends for minimizing waste and maximizing resources where pattern recognition is utilized to understand recurring roadblocks and high-demand periods.
With AI-based automation, procurement teams can even help to identify potential disruptions in the supply chain early and save valuable time. Once risks are identified, essential materials can continue to be procured, ensuring smooth project execution. The end result is an agile, transparent, and strategically optimized procurement and manufacturing process.
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