AI Impacts on Manufacturing: Innovations for Inventory Management

Enterprise Resource Planning (ERP) systems for manufacturing, which began in the 1960s to help with basic inventory management, are on the brink of transformative changes due to the integration of artificial intelligence (AI). Over the next decade, AI is expected to revolutionize ERP systems by enhancing inventory management through more accurate data analysis, real-time predictions, and automation of processes. AI will improve various aspects of manufacturing, including stock optimization, quality control, purchasing efficiency, restocking, supplier selection, demand forecasting, and supply chain management, leading to reduced costs, increased efficiency, and greater adaptability in the industry. Check out this article on AdvancedManufacturing.org to learn more.