Smart supply chain logistics: Integrating AI, IoT, and Big Data for optimized inventory management and demand forecasting
Sunny Kumar
MBA Student, School of Business, Galgotias University, Greater Noida
Dr. Ashish Kumar Singh
Assistant Professor, School of Business,
Galgotias University, Greater Noida
Abstract: Due to the rise of artificial intelligence, the Internet of Things and big data, supply chain logistics are currently experiencing a major shift. Commonly used supply chain strategies depend on reacting to problems which can lead to inefficiencies, delays and inadequate inventory. This research seeks to understand how combining AI, IoT and Big Data can transform the way supply chain logistics are handled by allowing current visibility, precise forecasts and flexible inventory handling.
The researchers analyze secondary sources, including industry reports, scholarly articles and case studies of main companies that have put these technologies to work in their logistics systems. According to the findings, artificial intelligence helps companies use predictive analytics to more reliably rely on sales predictions and arrange inventory restocking more efficiently. Assets, the environment and communication across supply chain nodes can be easily monitored in real time because of IoT. With Big Data analytics, companies can process and study a lot of information to find useful information, catch unusual changes and guide their choices.
Because these technologies work together, there is a major boost in the agility, resilience and efficiency of supply chains. Benefits noted are fewer stockouts and overloads, saving on business operations, faster handling of market changes and better satisfaction among clients. Still, the study discusses issues such as high budget requirements, problems in bringing together information, potential security threats and the shortage of qualified staff.
The result of this paper suggests that adopting smart supply chain technologies works best when there is a clear plan in place that includes preparing the infrastructure, setting up policies for using data and working together. Those organizations that meet this change achieve better competitiveness and secure stronger, flexible supply chains able to succeed in today’s market.
Index Terms - Smart Supply Chain, Artificial Intelligence (AI), Internet of Things (IoT), Big Data Analytics
