Tools like ChatGPT and Google Gemini harness the power of large language models to revolutionize supply chain management through automation, data analysis, and predictive insights.
These AI-driven tools analyze historical data, account for external factors, and make real-time adjustments, enhancing the accuracy and responsiveness of supply chain forecasts.
LLMs not only optimize stock levels and demand prediction but also track inventories in real-time, ensuring proactive adjustments to minimize shortages and overages.
In contract negotiations, AI can evaluate supplier performance, identify potential risks, and help negotiate better terms, ultimately leading to improved supply chain efficiency.
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