Transforming Supply Chains with AI: Insights from Schneider Electric's Madhu Hosadurga

Can AI revolutionize the way we manage complex supply chains? Discover how Schneider Electric is leading the charge in transforming inventory management, production scheduling, and customer experience through artificial intelligence in our latest episode of the Chain Reaction Podcast. We sit down with Madhu Hosadurga, VP for Artificial Intelligence Internal Office at Schneider Electric, as he shares his journey from General Electric and Wipro Technologies to founding Oxalytics and eventually joining Schneider Electric. With a diverse and extensive background, Madhu offers invaluable insights into the interplay between AI and supply chain optimization in a global leader with 220 factories worldwide.Madhu breaks down the intricacies of optimizing inventory management using AI, explaining techniques like single echelon and multi-echelon inventory optimization that help maintain optimal safety stock levels while minimizing waste. Learn how just-in-time inventory practices, bolstered by AI-driven recommendations and ERP systems, streamline operations for greater efficiency. We also explore the role of digital twins in providing real-time visibility and control, predicting maintenance issues, and addressing quality concerns—ultimately contributing to Schneider Electric's mission of sustainability.Finally, we tackle the critical and complex subject of AI governance. Madhu discusses the importance of ethical AI deployment and the governance frameworks necessary to mitigate risks and biases. Hear how traditional forecasting models are adapted for non-CPG industries at Schneider Electric and how AI is enhancing customer experience by predicting potential issues through "weak signals." This episode not only elevates your understanding of AI in supply chain management but also underscores its pivotal role in enhancing both operational efficiency and customer satisfaction. Don't miss this fascinating conversation that promises to shed light on the future of industry automation and energy management.Send us Fan MailSupport the show THANKS FOR LISTENING PLEASE SUPPORT THE SHOW You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn.News about forthcoming programmes click hereSHAREPlease share the link with others so they can listen too https://chainreaction.buzzsprout.com/shareLET US KNOWIf you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter)REVIEW AND RATE If you like the show please rate and review it. Every vote helps.About Tony Hines and the Chain Reaction Podcast – All About Supply Chain AdvantageI have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon. ...