Supply Chain Transformation Through Generative AI and Machine Learning (Advances in Business Strategy and Competitive Advantage)

The transformative role of Generative Artificial Intelligence (AI) and Machine Learning (ML) in supply chain management is increasingly being recognized as a game-changer in the industry. Recent statistics underscore this trend, highlighting the rapid adoption and significant impact of these technologies. However, the path to digital transformation is not without its challenges. Despite improved success rates, about 60% of digital transformation initiatives in supply chains still struggle to fully meet their objectives. This shortfall is often attributed to several key factors: the complexity and scale of integrating new technologies into existing systems; organizational resistance to change and inadequate stakeholder buy-in; lack of skilled professionals adept in these new technologies; insufficient data governance and quality; and underestimation of the need for a robust change management strategy. These challenges highlight the critical need for a comprehensive approach that addresses both the technical and human aspects of digital transformation. Supply Chain Transformation Through Generative AI and Machine Learning is a comprehensive resource to the best practices in digital enablement, change management, and process optimization, with a specific focus on Generative AI and ML. It equips readers with the knowledge and strategies necessary for successful integration of these technologies, drawing on the latest industry insights and expert recommendations, to enhance supply chain efficiency and effectiveness, reduce costs, and drive revenue growth. Covering topics such as AI-powered visual models, demand planning, and product clustering, this book is an excellent resource for executives, business leaders, program managers, data scientists, AI and ML developers, industry analysts, consultants, professionals, scholars, researchers, academicians, and more.