Revolutionizing Supply Chain with Autonomous AI Technology

Table of Contents

1. Introduction
2. The Challenges Faced By Schneider Electric
3. Automation and Digitization of the Supply Chain
4. Creation of a Global Business Driven Analytics Lab
5. Breakthrough Results Achieved Through AI and Machine Learning
6. Improving Forecast Accuracy and Inventory Limit
7. Leveraging Machine Learning and Analytics to Build Operational Capabilities
8. Revolutionizing Supply Chain and Operations
9. Pursuit of Excellence While Taking Care of Customers and Planet

Automation and Digitization of the Supply Chain

Schneider Electric is a global energy management and automation specialist that is focused on innovation and customer satisfaction. However, like many other large organizations, it also faces several challenges brought about by its complex supply chain. To stay ahead of the game, Schneider Electric embarked on a remarkable automation Journey as part of its transformation and launched the tailored supply chain for Grinnell program with the focus on digitization.

The company's vision is to Create an AR driven assisted, autonomous supply chain that is enabled and accelerated by digital platforms and data analytics. With the use of analytics, its goal is to capture and explain data, compute outcomes, execute and monitor solutions and suggest actions.

The company's solution will be able to understand trends and outliers, predict possible scenarios, and suggest the best course of action Based on learning algorithms and AI capabilities. Finally, it will execute the best recommended action.

Creation of a Global Business Driven Analytics Lab

To achieve this vision, Schneider Electric created a global in-business driven analytics lab capitalizing on cutting-edge technologies and cloud computing. After a year of inception, breakthrough automated solutions were achieved, leading to numerous outstanding results.

For years, the performance of manufacturing has been highly people and competency dependent. However, with AI, the dependency has drastically reduced, and the company has recently deployed a global selection analytics solution that has improved the first bastion of its production line by five to eight percent.

The system notifies the most influential parameters and assesses operators in the setting of processes. This trick system solution is now centralized intelligence available on service to all the company's factories.

Breakthrough Results Achieved Through AI and Machine Learning

If one seeks globally across industry in the last 20 years, there has been very minimal progress which has been made in forecast accuracy improvement or inventory limit. But in the last 10 years, there has been such a rapid evolution and progress on cloud computing, the cost of computing, and the ease of computing. All of which was the return spoken all of that could be done today.

Schneider Electric dipped its tail all this unstructured data with its structured data on sales, order history, and invoicing and replaced the classical regression model with the deep learning models of the neural network. The company is seeing a very, very significant improvement in forecast accuracy.

It's not only about the accuracy, the company has been able to leverage a huge computer cluster on the cloud and can do this massive amount of computing very, very quickly. It's not only the efficiency, which the company is looking into now. It is also trying to build a critical capability, a kind of segmentation.

Improving Forecast Accuracy and Inventory Limit

The company works with all supplier symmetry, and it collected the data there; they are today collecting but not using. Access to this data enables analytic solutions mep solutions to in send alert and notification to the person in charge so that they stop, and there is informed of any brief.

Leveraging Machine Learning and Analytics to Build Operational Capabilities

Schneider Electric has a vision to revolutionize the supply chain and operations. It is leading its people and partners who have averse to a digital mindset to make that vision come true all journey of the teeth of a she is female all pursuit of excellence while taking care of its customers and the planet.

Revolutionizing Supply Chain and Operations

The company's digitization and automation of the supply chain, coupled with AI and machine learning, have brought about breakthrough results. Schneider Electric has been able to leverage data analytics to improve forecast accuracy and inventory limit while segmenting its operations to build capabilities.

Pursuit of Excellence While Taking Care of Customers and Planet

Schneider Electric is committed to pursuing excellence while taking care of its customers and the planet. With its focus on digitization and automation, the company aims to revolutionize the supply chain and operations and create an AR driven assisted, autonomous supply chain, which is enabled and accelerated by digital platforms and data analytics.

Highlights

• Schneider Electric embarked on a remarkable automation journey as part of its transformation and launched the tailored supply chain for Grinnell program with the focus on digitization.

• Schneider Electric aims to create an AR driven assisted, autonomous supply chain, which is enabled and accelerated by digital platforms and data analytics.

• Through its global business-driven analytics lab, the company has achieved breakthrough results through AI and machine learning.

• Schneider Electric significantly improved forecast accuracy and inventory limit while segmenting its operations to build capabilities.

FAQ

Q: What is Schneider Electric's vision for the supply chain?

A: Schneider Electric aims to create an AR driven assisted, autonomous supply chain, which is enabled and accelerated by digital platforms and data analytics.

Q: How has Schneider Electric leveraged AI and machine learning to improve its operations?

A: Schneider Electric has created a global business-driven analytics lab capitalizing on cutting-edge technologies and cloud computing. Through AI and machine learning, the company has achieved breakthrough results, including significant improvements in forecast accuracy and inventory limit.

Q: How is Schneider Electric pursuing excellence while taking care of its customers and the planet?

A: Schneider Electric is committed to pursuing excellence while taking care of its customers and the planet. Its focus on digitization and automation aims to revolutionize the supply chain and operations, creating an AR driven assisted, autonomous supply chain enabled and accelerated by digital platforms and data analytics.