AI is typically defined as the ability of a machine to perform cognitive functions associated with human minds, such as perceiving, reasoning, learning, and problem solving. Application of artificial intelligence technologies to supply chains includes data science, machine learning and operations research techniques, which are powerful and complementary tools to conduct descriptive, predictive, and prescriptive analytics.

Machine learning algorithms detect patterns and learn how to make predictions and recommendations by processing data and experiences, rather than by receiving explicit programming instruction (rules). The algorithms adapt in response to new data and experiences to improve efficacy over time. Machine learning uncovers hidden patterns in very large data sets which enables powerful predictive problem solving in supply chains applications.

The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without the need for a central certifying authority. Potential applications include fund transfers, settling trades, voting, and many other uses. Blockchain is a unique tool to ensure the security of data records notably in supply chains applications, including warranty management, authenticity, tracking of goods and services.

A supply chain is a network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. From operational planning, through sourcing, manufacturing, and distribution to the delivery of products and services, supply chains are critical value-creators for all sectors. Supply chains are the backbone of Canada’s economy, directly providing almost a million jobs and over 10% of our GDP.

Supply chain management is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. The three main flows of the supply chain are the product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both within and among companies.

The Ontario-Quebec continental gateway and trade corridor encompasses a system of land, air and marine transportation assets, including the Saint Lawrence River and Great Lakes, that offers a competitive and attractive gateway for international trade. The provinces of Quebec and Ontario represent half the population of Canada and approximately 60 per cent of Canada’s exports and gross domestic product.

If you’re interested in learning more about SCALE AI, write to us at info@aisupplychain.ca.

SCALE AI is headquartered in Montreal, Canada.