The Revolution of Warehouse Inventory Management by Using Artificial Intelligence : Case Warehouse of Company X
Dinh, Hieu (2020)
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020100921207
https://urn.fi/URN:NBN:fi:amk-2020100921207
Tiivistelmä
In the fourth industrial revolution (4.0), Artificial Intelligence (AI) is widely applied in various industries in Finland including supply chains. A large part of logistic companies around the globe are progressively embracing automation and data exchange, machine learning, deep learning in their operations. These innovations are essentially changing the operation of the supply chain.
Particularly, in Finland, AI has strongly expanded in inventory management which is one of the principle stages in supply chain management. The pairing of Artificial Intelligence (AI) with inventory management has promoted remarkable improvements in warehouse management. The benefit of AI and its impact on this field have also attracted plenty of researchers and businesses around the world.
This thesis emphasizes on the transformation of inventory management in warehouse operation based on the innovation of AI. First, the author decides to illustrate the current impact of AI on inventory management. Then the author continues to evaluate the challenges, the opportunities as well as the expectations of AI development in controlling inventory in the next few years. Following the structure of the thesis, audiences will have a comprehensible view for the revolutionizing of inventory management from the present to the future when implementing AI.
The case company is one of leading Finnish logistic companies. They are one of the few companies that pioneered the utilizing of AI technology in their warehouse operations especially in inventory management. The quantitative method is selected to collect the data from employees in warehouse of company X. The result will demonstrate the level influence of AI applications on inventory controlling and the awareness of employees in the transforming pace of managing inventory when applying AI. Furthermore, the result from people who have experienced in the warehouse of company X will be considerable and assessed.
Particularly, in Finland, AI has strongly expanded in inventory management which is one of the principle stages in supply chain management. The pairing of Artificial Intelligence (AI) with inventory management has promoted remarkable improvements in warehouse management. The benefit of AI and its impact on this field have also attracted plenty of researchers and businesses around the world.
This thesis emphasizes on the transformation of inventory management in warehouse operation based on the innovation of AI. First, the author decides to illustrate the current impact of AI on inventory management. Then the author continues to evaluate the challenges, the opportunities as well as the expectations of AI development in controlling inventory in the next few years. Following the structure of the thesis, audiences will have a comprehensible view for the revolutionizing of inventory management from the present to the future when implementing AI.
The case company is one of leading Finnish logistic companies. They are one of the few companies that pioneered the utilizing of AI technology in their warehouse operations especially in inventory management. The quantitative method is selected to collect the data from employees in warehouse of company X. The result will demonstrate the level influence of AI applications on inventory controlling and the awareness of employees in the transforming pace of managing inventory when applying AI. Furthermore, the result from people who have experienced in the warehouse of company X will be considerable and assessed.