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6 Ways AI Is Going to Reshape the Greater Manufacturing Industry In the Next Decade
6 Ways AI Is Going to Reshape the Greater Manufacturing Industry In the Next Decade
6 Ways AI Is Going to Reshape the Greater Manufacturing Industry In the Next Decade
One of the biggest challenges faced by e-commerce brands, manufacturers and others is forecasting demand and stock levels with complete accuracy. All too often, sellers experience scenarios where a high-demand item goes out of stock, resulting in lost sales revenue and higher supply chain costs from pushing through rush orders.Alternatively, they experience the opposite problem, where overstocking results in excess inventory taking up shelf space and driving down profit margins. Together, these issues cause $818 billion in losses per year. AI and machine learning tools are perfectly designed to leverage historical and real-time data as well as current trends and events to create more precise forecasting models.Click here to learn more!
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