Supply chain management is defined as a group of activities that streamline the flow of all goods and raw materials that are required for the production of a finished good. It involves the storage and movement of raw materials, monitoring inventory, and the delivery of finished goods to the point of consumption. All these processes need to be digitally monitored and communicate any disruptions in real time. Hence, there is a need for intelligent supply chain management software that is flexible and accurate. The market size of supply chain management software is expected to reach a figure of around USD 25 billion by the year 2025.
There are multiple approaches and solution architectures available for building intelligent Supply Chain Management (SCM) software. I have mentioned some of this supply chain management software in Chapter 3, Domain-Specific Application of AI and Blockchain. Hence, we will cover one simple problem faced...