Artificial Intelligence in SCM

S01 E02 : AI’s role in the success of Walmart

Know the success story of Walmart and how AI in Supply Chain Management gave their business the value they hold today!

Artificial Intelligence in SCM

S01 E02 : AI’s role in the success of Walmart

Know the success story of Walmart and how AI in Supply Chain Management gave their business the value they hold today!

In this episode, you will learn about how the leaders in management are sharpening their competitive edge with AI. Also, how Artificial Intelligence and the emerging technologies of Supply Chain are driving performance gains in their business.

 

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1 Comment

PB

Palash Biswas

21-May-2021

Really helpful for management students. In depth analysis in a simple way.

About the Mentor

James Seubert

About the Mentor

Balpreet Singh

IT Leader & Assistant Vice President, Reliance Industries Ltd

He is a Supply Chain IT Expert and has delivered many Digital Business Transformations successfully.

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Browse through the most frequent questions

How is Walmart using artificial intelligence?

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Walmart's supply chain is using AI to simplify its business goals, by mainly predicting sales demand and by automating various tasks in the stores as, stocking shelves, inventories and monitoring customers behavior to create more personalized shopping experiences.

Does Walmart have artificial intelligence?

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Yes, Walmart has artificial intelligence. Walmart has developed a new artificial intelligence system that can automatically identify items in store shelves and pricing errors. It is designed to increase safety, efficiency, and speed of operations.

What is Walmart's new AI system?

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Walmart has made the decision to bring Symbotic’s next-generation robotics and AI technology to all of its regional distribution centers over the next eight years. While it is already used in some, as the retailer works to modernize its supply chain network. The technology should help Walmart increase its inventory by automating tasks that are currently done manually, such as picking and packing merchandise for delivery.

Is Walmart replacing employees with robots?

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Not exactly, but Walmart is using high-speed robotics and intelligent software to organize and optimize its inventory management system. Even though this system is also coming up with few limits, in the sense that it could only help them replenish stock faster and keep up with demand to save the human employees time when products run out.

What Is The Role Of AI In Business?

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By adding artificial intelligence (AI) technology to your existing business, you may gain the ability to:
- Save money & time by automating\optimizing business processes & tasks
- Boost productivity and operational efficiency
- Make decisions quickly based on insights from cognitive systems
- Prevent human errors & mistakes, provided they are set up correctly
- Predict customer needs and serve them better, using insights

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