We see how much the world has evolved during this pandemic. There has been an acceleration in the usage of technology that was always there but just underutilised.

Logistic companies are known for mundane tasks and an accumulation of paperwork. Whilst the demand in e-commerce increased which put immense pressures on the Logistic and Supply Chain Industry.

It is evident that along with technological advancements finding quality skills is crucial to ensure operations are run smoothly.

According to McKinsey, the successful implementation of AI has helped businesses improve logistics costs by 15%, Inventory levels by 35%, and service levels by 65%.

What is AI technology?

The definition of artificial intelligence is the theory and development of computer programs that are able to do tasks and solve problems that usually require human intelligence. Things like visual perception, speech recognition, decision-making, and word translation are all things that would normally need human intelligence, but now computer programs are able use their intelligence and capability to solve these tasks.

There are many ways to implement AI into the supply chain and into the logistics sector. It improves logistics processes and reduces costs. It also plays a major role in automating routine tasks to improve the speed and accuracy in numerous back-office applications.

Continue reading How are Logistic Companies Using AI Technology at Soft Freight Logic.

AI has taken a major role in digitally transforming the logistics and supply chain industry for the past few years. Here’s how AI Automation in warehousing provide greater visibility.

Artificial Intelligence has taken a major role in digitally transforming the logistics and supply chain industry for the past few years. With the increase in demand for the industry and the processes becoming more and more complex, businesses have developed AI applications to analyse data and streamline operations. 

Use of AI for warehousing

Optimizing workflows using AI at warehouses is one-way freight forwarders can stay ahead of the current disruptions affecting the industry while also reducing their operating costs.

Most companies use Warehouse Management Systems to seamlessly manage operations. However accurate data entry into these systems is important to ensure correct decisions are made. AI is one way to ensure your data extraction into these systems is done accurately.  AI can understand different data from various formats and extracting unstructured data into structured data ensuring accuracy.

Visibility

Using AI, it will be possible to analyse data gathered in the warehouse to make accurate forecasts about inventory. This information can be used for inventory processing allowing to improve efficiency and increase profit.

Continue reading AI Automation in Warehousing for Greater Visibility in 2022 at Soft Freight Logic.