AI driven supply chain optimization for sustainable food distribution
Material type:
- SP2023/3729 SP003729
Item type | Current library | Collection | Shelving location | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|
Student Project | Vikram Sarabhai Library | Reference | Students Project | SP2023/3729 (Browse shelf(Opens below)) | e-Book - Digital Access | SP003729 |
Submitted to : Prof. Neha Tripathi
Submitted by: Fathima S, Abhijith A K, Samiksha Belchandan
Supply chain optimisation is a vital success component in every sector, but it is especially important in the food industry. Farmers, food processors, distributors, retailers, and logistics providers are among the many players in the food sector. As a result, any inefficiencies in the supply chain can result in considerable losses, ranging from wasted food to delayed product delivery and, eventually, unsatisfied customers. The food business can benefit from supply chain optimisation in a variety of ways. One of the key benefits is the potential for cost savings because of enhanced efficiency, better inventory management, and reduced waste. Furthermore, supply chain optimization improves risk management by ensuring a continuous and dependable supply of high-quality ingredients from authorised vendors. Another advantage of supply chain optimisation is improved quality control. Supply chains that are optimised and efficient prevent disturbance in the manufacturing process and the likelihood of difficulties such as spoilage, recalls, and noncompliance with food safety requirements. Supply chain optimisation can also increase transparency by allowing businesses to track the source of components, the manufacturing process, and the product's path from farm to store. This increases accountability, enables more immediate response, and aids in the prevention of fraudulent activities. In recent years, the adoption of modern technology such as Artificial Intelligence (AI) has allowed food firms to better optimise their supply chains. AI delivers essential insights into consumer demand, assists in inventory management, and predicts future supply chain disruptions using advanced techniques such as predictive analytics and machine learning. This can result in significant cost savings as well as a faster product release to market. Finally, supply chain optimisation is an important aspect in the food sector, providing benefits such as improved quality control, cost savings, improved risk management, and transparency. Companies can achieve greater supply chain optimisation with tools like AI to meet their customers' requests, improve their financial performance, and promote competitive advantage.
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