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DUBLIN, April 7, 2023 /PRNewswire/ -- The "Global Artificial Intelligence in Supply Chain Management Market by Technology, Processes, Solutions, Management Function (Automation, Planning & Logistics, Inventory, Risk), Deployment Model, Business Type, and Industry Verticals 2023-2028" report has been added to ResearchAndMarkets.com's offering.

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AI in SCM solutions as a whole will reach $17.5B globally by 2028

This is the broadest and most detailed report of its type, providing analysis across a wide range of go-to-operational process considerations, such as the need for identity management and real-time location tracking, and market deployment considerations, such as AI type, technologies, platforms, connectivity, IoT integration, and deployment model including AI-as-a-Service (AIaaS).

Each aspect evaluated includes forecasts from 2023 to 2028 such as AIaaS by revenue in China. It provides an analysis of AI in SCM globally, regionally, and by country including the top ten countries per region by market share. The report also provides an analysis of leading companies and solutions that are leveraging AI in their supply chains and those they manage on behalf of others, with an evaluation of key strengths and weaknesses of these solutions.

It assesses AI in SCM by industry vertical and application such as material movement tracking and drug supply management in manufacturing and healthcare respectively. The report also provides a view into the future of AI in SCM including analysis of performance improvements such as optimization of revenues, supply chain satisfaction, and cost reduction.

Modern supply chains represent complex systems of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply Chain Management (SCM) solutions are typically manifest in software architecture and systems that facilitate the flow of information among different functions within and between enterprise organizations.

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Leading SCM solutions catalyze information sharing across organizational units and geographical locations, enabling decision-makers to have an enterprise-wide view of the information needed in a timely, reliable, and consistent fashion. Various forms of Artificial Intelligence (AI) are being integrated into SCM solutions to improve everything from process automation to overall decision-making. This includes greater data visibility (static and real-time data) as well as related management information system effectiveness.

In addition to fully automated decision-making, AI systems are also leveraging various forms of cognitive computing to optimize the combined efforts of artificial and human intelligence. For example, AI in SCM is enabling improved supply chain automation through the use of virtual assistants, which are used both internally (within a given enterprise) as well as between supply chain members (e.g. customer-supplier chains). It is anticipated that virtual assistants in SCM will leverage an industry-specific knowledge database as well as company, department, and production-specific learning.

AI-enabled improvements in supply chain member satisfaction causes a positive feedback loop, leading to better overall SCM performance. One of the primary goals is to leverage AI to make supply chain improvements from production to consumption within product-related industries as well as create opportunities for supporting "servitization" of products in a cloud-based "as a service" model. AI will identify opportunities for supply chain members to have greater ownership of "outcomes as a service" and control of overall product/service experience and profitability.

With Internet of Things (IoT) technologies and solutions taking an ever-increasing role in SCM, the inclusion of AI algorithms and software-driven processes with IoT represents a very important opportunity to leverage the Artificial Intelligence of Things (AIoT) in supply chains. More specifically, AIoT solutions leverage the connectivity and communications power of IoT, along with the machine learning and decision-making capabilities of AI, as a means of optimizing SCM by way of data-driven managed services.

Select Report Findings:

The Asia Pac region is the largest and fastest-growing for AI in SCM

Cloud-based AI-as-a-Service for SCM will exceed $3.7B globally by 2028

AI SCM in edge computing for IoT enabled solutions will reach $6.12B by 2028

Artificial Intelligence of Things is emerging as a major enabler of SCM optimization

Material movement and tracking is the largest sub-segment within AI SCM in manufacturing

AI-enabled supply chains are over 67% more effective with reduced risk and lower overall costs

Market Dynamics

Companies with Complex Supply Chains

Logistics Management Companies

SCM Software Solution Companies

Technology and Solution Opportunities

Leverage Artificial Intelligence

Integrate AI with Existing Processes

Integrate AI with Existing Systems

Integrate AI with Internet of Things

Leverage AIoT Platforms, Software, and Services

Leverage Data as a Service Providers

Implementation Challenges

Key Topics Covered:

1. Executive Summary

2. Introduction2.1 Supply Chain Management2.2 AI in SCM

3. AI in SCM Challenges and Opportunities3.1 Market Dynamics3.2 Technology and Solution Opportunities3.3 Implementation Challenges

4. Supply Chain Ecosystem Company Analysis4.1 Vendor Market Share4.2 Top Vendor Recent Developments4.3 3M4.4 Adidas4.5 Amazon4.6 Arvato SCM Solutions4.7 BASF4.8 Basware4.9 BMW4.10 C. H.Robinson4.11 Cainiao Network (Alibaba)4.12 Cisco Systems4.13 ClearMetal4.14 Coca-Cola Co.4.15 Colgate-Palmolive4.16 Coupa Software4.17 Descartes Systems Group4.18 Diageo4.19 E2open4.20 Epicor Software Corporation4.21 FedEx4.22 Fraight AI4.23 H&M4.24 HighJump4.25 Home Depot4.26 HP Inc.4.27 IBM4.28 Inditex4.29 Infor Global Solutions4.30 Intel4.31 JDA4.32 Johnson & Johnson4.33 Kimberly-Clark4.34 L'Oreal4.35 LLamasoft Inc.4.36 Logility4.37 Manhattan Associates4.38 Micron Technology4.39 Microsoft4.40 Nestle4.41 Nike4.42 Novo Nordisk4.43 NVidia4.44 Oracle4.45 PepsiCo4.46 Presenso4.47 Relex Solution4.48 Sage4.49 Samsung Electronics4.50 SAP4.51 Schneider Electric4.52 SCM Solutions Corp.4.53 Splice Machine4.54 Starbucks4.55 Teknowlogi4.56 Unilever4.57 Walmart4.58 Xilinx

5. AI in SCM Market Case Studies5.1 IBM Case Study with the Master Lock Company5.2 BASF: Supporting Smart Supply Chain Operations with Cognitive Cloud5.3 Amazon Customer Retention Case Study5.4 BMW Employs AI for Logistics Processes5.5 Intelligent Revenue and Supply Chain Management5.6 AI-Powered Customer Experience5.7 Rolls Royce uses AI to Safely Transport Cargo5.8 Robots Deliver Medicine, Groceries and Packages with AI5.9 Lineage Logistics Company Case Study

6. AI in SCM Market Analysis and Forecasts 2023-20286.1 AI in SCM Market 2023-20286.2 AI in SCM by Solution 2023-20286.3 AI in SCM by Solution Components 2023-20286.4 AI in SCM by Management Function 2023-20286.5 AI in SCM by Technology 2023-20286.6 AI in SCM by Industry Vertical 2023-20286.7 AI in SCM by Deployment 2023-20286.8 AI in SCM by AI System 2023-20286.9 AI in SCM by AI Type 2023-20286.10 AI in SCM by Connectivity6.11 AI in SCM Market by IoT Edge Network 2023-20286.12 AI in SCM Analytics Market 2023-20286.13 AI in SCM Market by Intent Based Networking 2023-20286.14 AI in SCM Market by Virtualization 2023-20286.15 AI in SCM Market by 5G Network 2023-20286.16 AI in SCM Market by Blockchain Network 2023-20286.17 AI in SCM by Region 2023-2028

7. Summary and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/xxuleq

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Global Artificial Intelligence in Supply Chain Management Market Report 2023-2028: Opportunities in Integrating AI with Existing Processes, Systems...