Machine learning adoption into supply chain management on the horizon
· Source: pharmaceutical-technology.com
In short
Widespread integration of machine learning (ML) into supply chain management by major pharma suppliers is anticipated within a few years, offering early adopters a competitive edge. ML tools like Genlots can optimize biopharma supply chains for cost, emissions, and efficiency, with benefits including quantity discounts and minimal reserve stocks. The technology also aids in meeting emissions targets by optimizing purchasing and reducing CO₂ emissions from frequent transports.
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Tags: machine learning, supply chain, biopharma, optimization, emissions, forecasting