학술논문

Application of Artificial Intelligence in the Supply Chain Finance
Document Type
Conference
Source
2023 Eighth International Conference on Science Technology Engineering and Mathematics (ICONSTEM) Science Technology Engineering and Mathematics (ICONSTEM), 2023 Eighth International Conference on. :1-6 Apr, 2023
Subject
Aerospace
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Computing and Processing
Engineered Materials, Dielectrics and Plasmas
Fields, Waves and Electromagnetics
Nuclear Engineering
Photonics and Electrooptics
Power, Energy and Industry Applications
Robotics and Control Systems
Signal Processing and Analysis
Transportation
Industries
Costs
Supply chains
Finance
Transportation
Companies
Fraud
Supply Chain Management
Artificial Intelligence
Cost efficient
etc
Language
Abstract
Artificial intelligence (AI) has numerous applications in supply chain finance, including the ability to streamline processes, improve decision-making, and reduce costs. This abstract will discuss some of the key ways in which AI is being used in supply chain finance. One major Using AI in the Supply Chain finance is in risk management. By analyzing data from a variety of sources, including historical transaction data and external market data, AI can identify potential risks and suggest strategies for managing them. For example, AI can be used to predict which suppliers are at the greatest risk of financial distress, allowing companies to take proactive measures to minimize the impact of any disruptions. Another key Using AI in the Supply Chain finance is in fraud detection. By analyzing large volumes of data in real-time, AI can spot deviations from the norm that may point to fraud. This can help companies to prevent fraud and minimize losses. AI can also be used to optimize working capital management. By analyzing data on inventory levels, order volumes, and payment terms, AI can help companies to optimize their cash flow and improve their working capital position. For example, AI can help companies to identify opportunities to negotiate more favorable payment terms with suppliers or to optimize their inventory levels to minimize the amount of cash tied up in inventory. Finally, AI can be used to improve supply chain efficiency and reduce costs. By analyzing data on order volumes, shipping times, and other factors, A.I. may aid businesses in identify opportunities to their supply network needs improvement processes and reduce costs. For example, AI can aid businesses in determining opportunities to consolidate shipments or to optimize their routes to reduce transportation costs. Now a days AI has numerous applications in supply chain finance, including risk management, fraud detection, working capital management, and supply chain optimization. By leveraging the power of AI, companies can improve their financial performance, reduce costs, and enhance their overall competitiveness.