This video presentation shows an example of how artificial intelligence (AI) is used to model an inventory requirement for maintenance parts. Note that the modeling is designed to satisfy the delicate balance between storage costs of the marketer and the required service rate that the customer requires.

Data management and tracking of goods is now used commonly in domestic and international cargo movements. Perpetual inventories and order entry systems combined with GPS tracking allow marketers to know where their goods are and provide reliable information to their customers.

Source: Charlotte Ledoux,


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