Factors Influencing Digital Warehousing and AI Utilization in Modern Supply Chains: Implications for Warehouse Maintenance Costs and Product Pricing

Abu Sied

doi:10.36948/ijfmr.2024.v06i02.15837

Factors Influencing Digital Warehousing and AI Utilization in Modern Supply Chains: Implications for Warehouse Maintenance Costs and Product Pricing

Author(s)	Abu Sied
Country	Bangladesh
Abstract	In order to improve operational efficiency and competitiveness, supply chains currently we have to combine digital technology and artificial intelligence (AI). The adoption of digital warehousing and the application of artificial intelligence (AI) in supply chain management are examined in this study, with particular attention to how these developments may affect product pricing and warehouse maintenance expenses. Utilizing a comprehensive literature review and empirical analysis, this study identifies the primary factors driving the integration of artificial intelligence (AI) and digital warehousing into supply chain processes. The results illustrate the tactical implications for supply chain professionals in terms of refining maintenance procedures, streamlining warehouse management procedures, and product pricing strategies. For any given business, a smoothly running supply chain is essential to success. Possessing a highly accurate inventory estimate gives you a significant competitive edge. The operation of the entire supply chain is affected by an extensive variety of external as well as internal variables, including the environment, excessive volatility, shifts in customer perception, and media coverage. Examples of internal elements that impact supply chain performance are product releases and distribution network expansion. Artificial Intelligence (AI) has demonstrated in recent years to be a brain extension, allowing us to operate at levels above our wildest expectations. Contrary to common perception, artificial intelligence (AI) will not replace individuals; rather, it will enable us to achieve our full innovative and tactical potential. [Yang, M., Fu, M., & Zhang, Z. et al 2021]
Keywords	Modern Supply Chains, Warehouse Maintenance Costs, Product Pricing, SCM, Digital Warehousing, Customer Satisfaction, AI SCM
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-03-31
Cite This	Factors Influencing Digital Warehousing and AI Utilization in Modern Supply Chains: Implications for Warehouse Maintenance Costs and Product Pricing - Abu Sied - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.15837
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.15837
Short DOI	https://doi.org/gtppdf

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Factors Influencing Digital Warehousing and AI Utilization in Modern Supply Chains: Implications for Warehouse Maintenance Costs and Product Pricing

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