The use of AI (artificial intelligence) solutions is gaining in popularity, and the benefits they bring prove that artificial intelligence sets the direction for production and supply chain development.
According to the report of McKinsey and Company, the use of AI technology is steadily increasing, and the increase in the use of artificial intelligence in standard business processes increased by 25% in 2019. Most executives surveyed for the purpose of the analysis admitted that the implementation of solutions based on AI brought savings. The largest ones were recorded in production and the supply chain.
According to the survey, as many as 64% of respondents in the manufacturing industry saw cost reductions through improvements in “efficiency, energy and capacity”. In turn, 61% of respondents observed a reduction in supply chain planning costs. The report suggests that savings in the supply chain are the result of better spending analysis and better network optimisation.
As many as 14% of those surveyed say that savings in the supply chain exceed 20% of costs. 16% say that AI can save between 10% and 19%, and 31% indicate savings of up to 10%.