In today’s technology-driven world, companies across the globe are experimenting and adding into process the latest advancements in order to create greater efficiencies and smarter matching of stakeholders.
It is no surprise that AI will play a huge role in supply chain management, allowing your B2B chain to become high value efficient trade flows. It should be designed to empower you with information to help you make quick and accurate business decisions. How Distichain does this is to use an ERP system that works as an agnostic tool pulling info from the chain and recommending actions to avoid losses on inventory, increasing inventory turns and optimizes inventory holding through just in time purchases and order forecasting.
As you can imagine, this helps to reduce the number of touchpoints and hence drastically decreases the complexity of processes. Pain points of trading businesses, such as navigating networks and relationship-building which we’ve raised previously, thus gets eliminated in through the introduction of AI.
Traceability and transparency are of paramount importance in any B2B supply chain. As Distichain leverages on both blockchain and AI technology, the benefits of blockchain in providing a marketplace of real time information and consensus allows for AI to be more accurate in analysing predictive behaviour.
Business intelligence also becomes accessible via the metadata of the platform using the AI engine. In Distichain, our AI provides you trends and recommendation of the products and pricing based on the history of data and predictive analytics for identifying buyer behaviour.
This means you wield power in your hands to make more informed and wise business decisions than before. So why hold on to the current way of doing B2B trading?
This is Industry 4.0. This is the future.