Abstract: |
This paper aims at studying how much AI, IoT, and automation play a crucial role in improving the calibration and effectiveness of physical inventory count exercises. As supply chain networks become enhanced, companies are using these technologies to counter issues that come with the use of enhanced inventory control including but not limited to errors, slowness among others. About this, the present paper examines two different case studies one, based on a well-known logistics company in Finland, and the other, Amazon’s fulfillment centers exploring how the application of AI, IoT and automation enhance real-time inventory management. The study informs that the adoption of these technologies greatly improves both the integrity and efficiency of inventory data, accurate real-time monitoring, and less reliance on manual adjustments, and streamlines warehouse logistics. This paper fills the existing literature gap in understanding technological advancements in inventory management and provides valuable recommendations to companies that wish to transform in the context of the Fourth Industrial Revolution. |