IoT Inventory Management Uses AI for Supply Chains – Nanalyze
Famous American philosopher George Carlin did a brilliant riff on stuff. He rightly contended that we just spend our lives moving and acquiring our stuff, and a house is just a pile of your stuff with a cover on it. Companies that are in the business of making and selling stuff have to be able to track what could amount to millions of widgets until they can unload their stuff onto someone else. There are plenty of inventory management software systems out there using artificial intelligence to help retailers be more efficient peddling stuff. For example, a company called Blue Yonder uses machine learning algorithms to crunch data, including sales and local weather forecasts, to help stores reduce out-of-stock rates of stuff while boosting profits so they can sell more stuff.