AI-based Simulator to Optimise Inventory
· Source: logisticsbusiness.com
In short
MIT Center for Transportation & Logistics and Mecalux have developed GENESIS, an AI-based simulator that optimizes inventory distribution across warehouse networks. The platform uses genetic algorithms to analyze thousands of scenarios, considering variables like forecast demand, transport costs, and warehouse capacity to determine optimal stock levels and replenishment strategies. The system can rebalance inventory between warehouses before placing new orders and provides transport optimization recommendations.
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Tags: inventory, simulation, warehouse, optimization, logistics, AI