Inventory management is going through a revolution owing to the huge amount of data being generated on the internet. The data generated by orders, examinations or reviews created by current and potential customers online can help redesign entire supply chain processes. Algorithms that study and test observed patterns, correlations & relationships are answering the most important questions of the supply chain. When to order, how much to order, where to store are decisions being taken using the algorithms in order to improve customer experience. Read full article here.
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