Using AI to Improve Supply Chain Efficiency

AI is transforming supply chain risk management. What used to take weeks: - Identifying risks - Analyzing data - Making decisions Can now happen in real time. Here’s how AI is reshaping the game: - Predictive Analytics AI models analyze vast amounts of data to forecast potential disruptions before they happen. - Real-Time Monitoring Sensors and AI tools provide 24/7 visibility, flagging risks as they emerge. - Scenario Planning Simulations powered by AI allow companies to test “what if” scenarios and prepare for the unexpected. - Dynamic Risk Scoring AI continuously evaluates risks based on changing conditions, helping prioritize where to focus resources. - Automation Routine tasks like supplier audits or compliance checks can now run autonomously, freeing up teams for strategic decisions. But here’s the challenge: AI isn’t a magic bullet. It’s only as good as the data and processes behind it. The companies that succeed will: - Invest in high-quality, integrated data systems. - Build teams that understand both supply chain risks and AI tools. - Blend human expertise with AI-driven insights for better decisions. The future of supply chain risk management isn’t just smarter. It’s faster and more proactive. Are you ready for what’s next?

Here's how we are able to solve a supply chain problem that was untouchable until earlier this year. We’ve been building around generative AI for a year and a half now. We started with low-hanging fruit use-cases like questions and answers with data, then using it as a copilot to help us code faster. Most recently, LLMs became a core-feature of our product. In our previous fintech venture, we faced significant challenges in scaling data extraction. Scraping, reverse engineering, and standard API connections weren't enough. We found ourselves ramping up our engineering team to manage and maintain integrations. Recent advancements in generative AI, combined with our own learnings, have opened up new possibilities. We can now handle dynamic schemas and extract data from complex sources like ERPs, email threads, and PDFs with surprising accuracy. Instead of using AI to generate content, we're leveraging it to unlock and organize existing data—a subtle but powerful shift. Supply chains are rich with data, yet much of it remains siloed and inaccessible, hindering efficiency and visibility. By applying these AI advancements, we're able to unlock this data, providing supply chain teams with the insights and automations they need. At Mentum, we're excited to be at the forefront of these developments. We're working alongside supply chain teams to help them turn unstructured data into actionable intelligence, and then automate processes that help them manage risks more appropriately.

Sourcing and procurement teams need to plan ahead of the potential supply chain impact coming soon! The upcoming aggressive tariffs on Canada, Mexico, and China could disrupt global supply chains, increase costs, and force businesses to rethink sourcing strategies. Here's how AI can help navigate this uncertainty: 1️⃣ Predicting Financial Impact: AI-powered models can analyze tariffs' impact on costs, pricing, and profitability. Businesses can simulate different scenarios to prepare for the worst while minimizing surprises. 2️⃣ Optimizing Supplier Networks: AI tools can assess supplier data, recommend alternative suppliers, and identify regions with lower risks or costs. This ensures flexibility when tariffs disrupt trade routes. 3️⃣ Real-Time Market Insights: AI-driven systems continuously monitor global trade policies, tariffs, and economic indicators. Companies stay informed and can react quickly as policies change. 4️⃣ Automating Logistics Decisions: AI can streamline logistics planning by identifying the most cost-effective routes, transport options, and inventory adjustments to counter rising costs. 5️⃣ Improving Forecasting and Planning: AI enhances demand forecasting and supply planning, helping companies prepare inventory levels and reduce unexpected expenses caused by tariffs. Trade disruptions feel overwhelming. But with AI, businesses can stay resilient and proactive in an unpredictable market. Is your organization ready to leverage AI for supply chain decision making? Let’s talk. #SupplyChain #AI #GlobalTrade #Tariffs #BusinessResilience