Application of Machine Learning in Supply chains #254005

Upon successful completion of this course, participants will be able to:

• Identify high-impact opportunities for ML application across the end-to-end supply chain (plan, source, make, deliver, return).

• Understand the fundamental principles of key ML algorithms (e.g., forecasting, classification, optimization) relevant to supply chain management.

• Evaluate the business case and ROI for implementing ML solutions in specific supply chain functions.

• Design a data strategy for ML, including data collection, feature engineering, and integration with existing ERP and SCM systems.

• Manage the implementation of ML projects, addressing challenges related to change management, model governance, and ethics.

• Interpret ML model outputs to make smarter, more informed operational and strategic decisions.

This course is designed for professionals and managers who are involved in optimizing supply chain, logistics, and operations.

• Supply Chain Directors & VPs

• Logistics & Operations Managers

• Demand & Supply Planners

• Procurement Specialists

• Data Scientists & Analysts working in operations

• IT Managers supporting SCM systems

• Consultants in logistics and supply chain management

Prerequisites: A basic understanding of supply chain principles and familiarity with data-driven decision-making is recommended. No advanced programming or math skills are required.

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

Day 1: Foundations of ML for Supply Chain Intelligence

• Module 1: The Why and What: ML as a SCM Game-Changer

  • The limitations of traditional methods; Introduction to predictive vs. prescriptive analytics.

  • Overview of ML types (supervised, unsupervised, reinforcement) and their supply chain relevance.

• Module 2: The Fuel: Data Strategy for Supply Chain ML

  • Identifying critical data sources: ERP, IoT, RFID, external market data.

  • Concepts of data cleansing, feature engineering, and creating a “single source of truth.”

• Workshop: Mapping your supply chain data assets and identifying key data gaps.

Day 2: ML in Demand and Inventory Planning

• Module 3: Advanced Demand Forecasting

  • Going beyond moving averages: ML models for time series forecasting (e.g., ARIMA, Prophet, LSTMs).

  • Incorporating external factors: promotions, weather, social media sentiment, economic indicators.

• Module 4: Intelligent Inventory Optimization

  • ML for dynamic safety stock setting and multi-echelon inventory optimization.

  • Predicting stock-outs and overstock situations before they happen.

• Case Study: How a major retailer reduced forecast error by 35% using ML.

Day 3: ML in Logistics, Procurement, and Manufacturing

• Module 5: Smart Logistics and Warehousing

  • Predictive transportation management: estimating freight times, predicting delays.

  • Warehouse optimization: using ML for predictive picking, packing, and slotting.

• Module 6: Predictive Procurement and Maintenance

  • ML for supplier risk scoring and predictive procurement.

  • Predictive maintenance: forecasting machine failures in manufacturing and logistics assets.

• Hands-On Session: Interpreting the output of a predictive maintenance model.

Day 4: Building Resilience and Managing Risk

• Module 7: Supply Chain Risk and Disruption Management

  • Using ML for real-time risk monitoring and disruption prediction (e.g., port congestion, geopolitical events).

  • Building digital twins and simulation models for scenario planning.

• Module 8: Sustainability and Ethical AI

  • Optimizing for carbon footprint: ML for green logistics and circular supply chains.

  • Ensuring ethical AI: addressing bias in algorithms and maintaining model transparency.

• Workshop: Conducting a vulnerability assessment of a supply chain using ML-driven insights.

Day 5: Implementation and the Future

• Module 9: From Pilot to Production: Implementing ML Solutions

  • Building the business case and calculating ROI for an ML project.

  • Change management: integrating ML insights into human decision-making processes.

• Module 10: The Future of Autonomous Supply Chains

  • Trends in AI: generative AI for supply chain design, autonomous vehicles, and self-correcting networks.

  • Building a roadmap for your organization’s AI-powered supply chain journey.

• Capstone Project: Participants work in groups to design an ML solution for a real-world supply chain problem and present their strategy.