DUBLIN, April 7, 2023 /PRNewswire/ — The “Global Artificial Intelligence in Supply Chain Management Market by Technology, Processes, Solutions, Management Function (Automation, Planning & Logistics, Inventory, Risk), Deployment Model, Business Type, and Industry Verticals 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
AI in SCM solutions as a whole will reach $17.5B globally by 2028
This is the broadest and most detailed report of its type, providing analysis across a wide range of go-to-operational process considerations, such as the need for identity management and real-time location tracking, and market deployment considerations, such as AI type, technologies, platforms, connectivity, IoT integration, and deployment model including AI-as-a-Service (AIaaS).
Each aspect evaluated includes forecasts from 2023 to 2028 such as AIaaS by revenue in China. It provides an analysis of AI in SCM globally, regionally, and by country including the top ten countries per region by market share. The report also provides an analysis of leading companies and solutions that are leveraging AI in their supply chains and those they manage on behalf of others, with an evaluation of key strengths and weaknesses of these solutions.
It assesses AI in SCM by industry vertical and application such as material movement tracking and drug supply management in manufacturing and healthcare respectively. The report also provides a view into the future of AI in SCM including analysis of performance improvements such as optimization of revenues, supply chain satisfaction, and cost reduction.
Modern supply chains represent complex systems of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply Chain Management (SCM) solutions are typically manifest in software architecture and systems that facilitate the flow of information among different functions within and between enterprise organizations.
Leading SCM solutions catalyze information sharing across organizational units and geographical locations, enabling decision-makers to have an enterprise-wide view of the information needed in a timely, reliable, and consistent fashion. Various forms of Artificial Intelligence (AI) are being integrated into SCM solutions to improve everything from process automation to overall decision-making. This includes greater data visibility (static and real-time data) as well as related management information system effectiveness.
In addition to fully automated decision-making, AI systems are also leveraging various forms of cognitive computing to optimize the combined efforts of artificial and human intelligence. For example, AI in SCM is enabling improved supply chain automation through the use of virtual assistants, which are used both internally (within a given enterprise) as well as between supply chain members (e.g. customer-supplier chains). It is anticipated that virtual assistants in SCM will leverage an industry-specific knowledge database as well as company, department, and production-specific learning.
AI-enabled improvements in supply chain member satisfaction causes a positive feedback loop, leading to better overall SCM performance. One of the primary goals is to leverage AI to make supply chain improvements from production to consumption within product-related industries as well as create opportunities for supporting “servitization” of products in a cloud-based “as a service” model. AI will identify opportunities for supply chain members to have greater ownership of “outcomes as a service” and control of overall product/service experience and profitability.
With Internet of Things (IoT) technologies and solutions taking an ever-increasing role in SCM, the inclusion of AI algorithms and software-driven processes with IoT represents a very important opportunity to leverage the Artificial Intelligence of Things (AIoT) in supply chains. More specifically, AIoT solutions leverage the connectivity and communications power of IoT, along with the machine learning and decision-making capabilities of AI, as a means of optimizing SCM by way of data-driven managed services.
Select Report Findings:
- The Asia Pac region is the largest and fastest-growing for AI in SCM
- Cloud-based AI-as-a-Service for SCM will exceed $3.7B globally by 2028
- AI SCM in edge computing for IoT enabled solutions will reach $6.12B by 2028
- Artificial Intelligence of Things is emerging as a major enabler of SCM optimization
- Material movement and tracking is the largest sub-segment within AI SCM in manufacturing
- AI-enabled supply chains are over 67% more effective with reduced risk and lower overall costs
Market Dynamics
- Companies with Complex Supply Chains
- Logistics Management Companies
- SCM Software Solution Companies
Technology and Solution Opportunities
- Leverage Artificial Intelligence
- Integrate AI with Existing Processes
- Integrate AI with Existing Systems
- Integrate AI with Internet of Things
- Leverage AIoT Platforms, Software, and Services
- Leverage Data as a Service Providers
Implementation Challenges
- Management Friction
- Legacy Processes and Procedures
- Outsource AI SCM Solution vs. Legacy Integration
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Supply Chain Management
2.2 AI in SCM
3. AI in SCM Challenges and Opportunities
3.1 Market Dynamics
3.2 Technology and Solution Opportunities
3.3 Implementation Challenges
4. Supply Chain Ecosystem Company Analysis
4.1 Vendor Market Share
4.2 Top Vendor Recent Developments
4.3 3M
4.4 Adidas
4.5 Amazon
4.6 Arvato SCM Solutions
4.7 BASF
4.8 Basware
4.9 BMW
4.10 C. H.Robinson
4.11 Cainiao Network (Alibaba)
4.12 Cisco Systems
4.13 ClearMetal
4.14 Coca-Cola Co.
4.15 Colgate-Palmolive
4.16 Coupa Software
4.17 Descartes Systems Group
4.18 Diageo
4.19 E2open
4.20 Epicor Software Corporation
4.21 FedEx
4.22 Fraight AI
4.23 H&M
4.24 HighJump
4.25 Home Depot
4.26 HP Inc.
4.27 IBM
4.28 Inditex
4.29 Infor Global Solutions
4.30 Intel
4.31 JDA
4.32 Johnson & Johnson
4.33 Kimberly-Clark
4.34 L’Oreal
4.35 LLamasoft Inc.
4.36 Logility
4.37 Manhattan Associates
4.38 Micron Technology
4.39 Microsoft
4.40 Nestle
4.41 Nike
4.42 Novo Nordisk
4.43 NVidia
4.44 Oracle
4.45 PepsiCo
4.46 Presenso
4.47 Relex Solution
4.48 Sage
4.49 Samsung Electronics
4.50 SAP
4.51 Schneider Electric
4.52 SCM Solutions Corp.
4.53 Splice Machine
4.54 Starbucks
4.55 Teknowlogi
4.56 Unilever
4.57 Walmart
4.58 Xilinx
5. AI in SCM Market Case Studies
5.1 IBM Case Study with the Master Lock Company
5.2 BASF: Supporting Smart Supply Chain Operations with Cognitive Cloud
5.3 Amazon Customer Retention Case Study
5.4 BMW Employs AI for Logistics Processes
5.5 Intelligent Revenue and Supply Chain Management
5.6 AI-Powered Customer Experience
5.7 Rolls Royce uses AI to Safely Transport Cargo
5.8 Robots Deliver Medicine, Groceries and Packages with AI
5.9 Lineage Logistics Company Case Study
6. AI in SCM Market Analysis and Forecasts 2023-2028
6.1 AI in SCM Market 2023-2028
6.2 AI in SCM by Solution 2023-2028
6.3 AI in SCM by Solution Components 2023-2028
6.4 AI in SCM by Management Function 2023-2028
6.5 AI in SCM by Technology 2023-2028
6.6 AI in SCM by Industry Vertical 2023-2028
6.7 AI in SCM by Deployment 2023-2028
6.8 AI in SCM by AI System 2023-2028
6.9 AI in SCM by AI Type 2023-2028
6.10 AI in SCM by Connectivity
6.11 AI in SCM Market by IoT Edge Network 2023-2028
6.12 AI in SCM Analytics Market 2023-2028
6.13 AI in SCM Market by Intent Based Networking 2023-2028
6.14 AI in SCM Market by Virtualization 2023-2028
6.15 AI in SCM Market by 5G Network 2023-2028
6.16 AI in SCM Market by Blockchain Network 2023-2028
6.17 AI in SCM by Region 2023-2028
7. Summary and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/xxuleq
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