STRIVE Vol 7 Issue 1 | Page 6

Student Ar cles AI the next big thing in SCM Organizations are progressively digitizing their supply chains to differentiate and drive revenue growth. The key implication of this transformation is that the supply chains are generating huge amounts of information. Artificial intelligence helps organizations analyse this information, gain a stronger understanding of the variables within the supply chain and allows them to anticipate future scenarios. Artificial intelligence capabilities allow us to process even unstructured data, determine influencing factors for relevant decisions and anticipate future scenarios with the help of pattern recognition. Artificial intelligence creates new prospects for entirely new approaches and business models. It's clear already how these prospects can quickly modify the design and management of the flow of products in supply chains: full automation, optimum use of resources, intelligent and predictive management of uncertainties and exceptional circumstances. Connectivity, data, and algorithms constitute the framework for fully new str