BIO Web of Conferences (Jan 2024)

Supply Chain Optimization in Industry 5.0: An Experimental Investigation Using Al

  • Ivanovich Vatin Nikolai,
  • John Vivek,
  • Nangia Richa,
  • kumar Manish,
  • Prasanna Y. Lakshmi

DOI
https://doi.org/10.1051/bioconf/20248601093
Journal volume & issue
Vol. 86
p. 01093

Abstract

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This experimental study examines the use of AI-driven supply chain management solutions in the framework of Industry 5.0. An analysis of fictitious data that represented product inventory, supplier details, customer orders, and transportation details showed significant cost savings in transportation logistics (10%), improvements in supplier cost efficiency (20%), and significant reductions in excess inventory (10%). In Industry 5.0, artificial intelligence (AI) emerges as a key technology that can promote effective, customer-focused, and sustainable supply chains.

Keywords