The Use of Artificial Intelligence in Addressing Inventory Management Challenges in Manufacturing Industry

Abstract

This study investigated the use of artificial intelligence (AI) for inventory management. A questionnaire was used to collect data from 70 respondents. The results showed that AI is perceived as a promising tool to enhance inventory management practices. Respondents recognized AI's potential in addressing challenges related to inventory replenishment, optimizing safety stock levels, and providing accurate time-to-arrival predictions. The findings collectively underscore the importance of incorporating AI-driven insights and technologies to effectively manage inventory, minimize stockouts, reduce storage costs, and optimize safety stock levels. This study contributes valuable insights to the field of manufacturing and inventory management, guiding organizations seeking to harness the power of Artificial Intelligence for improved inventory control and operational efficiency.