AI-Driven Inventory Management with Cryptocurrency Transactions

Authors

  • Sridhar Reddy Yerram Technology Engineer, PNC Financial Services, 620, Liberty Ave, Pittsburg, PA-15222, USA

Keywords:

Inventory Management, Cryptocurrency, Artificial Intelligence, Blockchain, Supply Chain, Digital Transactions, Automation, Inventory Optimization, Machine Learning

Abstract

The combination of cryptocurrency transactions and AI-driven inventory management represents a paradigm shift in supply chain management. This study investigates the viability, consequences, and difficulties of applying integrated solutions in modern supply chain settings. The study uses a secondary data-based methodology to explore the fundamentals of AI in inventory management, blockchain integration for transaction transparency, and the function of cryptocurrency transactions in supply chains. Significant results show improved inventory management processes' security, transparency, and efficiency. Meanwhile, adoption needs to be enhanced due to socioeconomic effects, regulatory uncertainties, and technological constraints. The policy implications include clear regulatory frameworks, technical infrastructure investments, and the advancement of socioeconomic inclusion. In summary, this research highlights the revolutionary possibilities of artificial intelligence (AI) in inventory management through cryptocurrency transactions. It also highlights the necessity of tackling obstacles and policy issues to promote conscientious implementation and fully achieve the advantages of integrated supply chain management solutions.

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Published

2020-12-31

How to Cite

Yerram, S. R. (2020). AI-Driven Inventory Management with Cryptocurrency Transactions. Asian Accounting and Auditing Advancement, 11(1), 71–86. Retrieved from https://4ajournal.com/article/view/86

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