Supply Chain Optimization
The unpredictability and complications of the supply chain arena make things suitable for data scientists.
The accurate data science model makes it easy to anticipate market changes, prevent unnecessary expenses, and decrease risk.
The value chain is a clockwork mechanism with several materials and parts to deliver essential elements to assembly plants.
Every production stage requires different elements related to each other. The production process, place, material, and manufacturer play an essential role in designing a final product. Some contingencies may increase the chances of expensive mistakes in a production procedure, such as late deliveries and material scarcity. Data scientists can predict and evaluate output and input patterns to decrease risks and ensure the best system.
Benefits for the company
As a result, manufacturers can save money.
Type of expertise/ AI domain
Linear Programming, Prediction
External data possible
pricing differences, shipping, fuel expenses, tariffs, market scarcity, and regional weather