Machine Learning for Supply Chain Planning

Supply chain planning is an essential component of SCM. Machine learning (ML) applied within supply chain planning enables businesses to forecast inventory, demand, and supply. ML can revolutionize the agility and optimization of supply chain decision making.

By utilizing ML technology, supply chain professionals can provide the best possible scenarios with machine-to-machine analysis and intelligent algorithms of big data sets. ML in the supply chain enables retailers to optimize the delivery of goods while balancing supply and demand.

Chatbots in Operational Procurement

Chatbots can provide several benefits to businesses including reduced costs of transactions and sales cycle time. Chatbots can streamline procurement related tasks through the automation and augmentation process.

How chatbots can be utilized in the supply chain:

* Chat with suppliers about most common queries

* Research and answer internal questions regarding procurement functionalities

* Send actions to suppliers regarding governance and compliance materials

* Documentation of invoices and payment requests

At BeyondERP, we have experience in providing end-to-end customized supply chain development services to businesses.