Which AI application is being used to optimize supply chain management?
Practice Questions
Q1
Which AI application is being used to optimize supply chain management?
Chatbots
Predictive analytics
Facial recognition
Voice assistants
Questions & Step-by-Step Solutions
Which AI application is being used to optimize supply chain management?
Step 1: Understand what supply chain management is. It involves managing the flow of goods and services from suppliers to customers.
Step 2: Learn about AI applications. AI can help businesses make better decisions using data.
Step 3: Identify predictive analytics. This is a type of AI that uses historical data to predict future events.
Step 4: See how predictive analytics applies to supply chain management. It helps businesses forecast demand for products.
Step 5: Understand the benefits. By predicting demand, companies can optimize their inventory, ensuring they have the right amount of products at the right time.
