AI

CIOP training and certification program is delivered over 90 hours of classroom/online training in corporate and retail batches. The uniqueness of this program is that it addresses the modern supply chain trends without loosing the traditional aspects. This program prepares the participants for supply chain management in 2025 and beyond by infusing the learnings need in the areas of industry 4.0 such as Internet of Things (IoT), Blockchain, Artificial Intelligence (AI), Machine Learning (M/L) and Robotic Process Automation (RPA). It also deals with process improvement philosophies, methods, and tools such as Microsoft Visio. The program deals with almost 50+ supply chain analysis techniques.

In the retail industry, the buzzwords of the last decade have been Artificial Intelligence, or AI for short. This buzz is understandable when you consider how much progress has been made in computer science and artificial intelligence. However, many in the retail industry may not be aware of the full potential of AI, or the need for better warehouse inventory control, for instance. This, unfortunately, poses a risk to both the retailer and his customers.

Warehouse inventory control is a complex process. With the complexity of the modern supply chain management software, making the correct inventory decisions can take days if not weeks, and even then we are talking about hours upon hours of data flowing through various computer systems. When the trouble occurs, it can take days or even weeks to identify the root cause which one weak link that disrupting a perfectly balanced system. Hitting the right balance of correct selection, correct delivery, and correct timing can, however, be something of a gamble more than anything else.

Inventory optimization through AI is not unlike supply chain management in that the objective is to make sure that goods are available for the customer who is going to purchase them. There are differences, however. Distribution centers and manufacturers will often have warehouses within their own country. They can use AI to optimize inventory within these warehouses, but the manufacturing company is out of country, and therefore outside the purview of most AI systems. Hence, the question remains as to whether the manufacturer should use AI in the first place-or if it should not?

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