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Visual inspection is one of the most commonly used approaches in the production process. It entails visually inspecting the components of an assembly line to detect problems.
The goal of inventory management is to ensure that an organization has the right products in the right quantities at the right time to meet customer demand while avoiding overstocking, stock-outs, and other supply chain inefficiencies.
Dynamic pricing is made possible by the use of sophisticated algorithms that analyze large amounts of data in real time to determine the optimal price for a product or service. These algorithms take into account a wide range of factors, including customer behavior, economic conditions, and supply chain factors, to determine the right price at the right time. AI can make dynamic pricing easier and better, as it facilitates continuous prediction, allowing for pivots for events in real-time.
AI-based predictive maintenance uses a variety of data from IoT sensors embedded in equipment, data from manufacturing operations, environmental data, and more to determine which components should be replaced before they break down.