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What Is an Algorithm?

Understand how Algorithms fit into the supply chain

An algorithm is a mathematical process and set of rules for calculations performed to solve problems, often by a computer. With technology currently transforming supply chains, businesses have leaned-in to using algorithms to avoid potential risk, anticipate demand shifts, make efficiency improvements, and proactively manage resources. Rapid shifts within the supply chain industry, as well as the potential for life-altering events, have led data scientists and business analysts to look toward these new logistics technologies to mitigate future risk, optimize visibility and gain new insights into what customers want and need.