How Non-Tech Companies Are Thinking About AI : The Good Investors %

Core Insights - The article discusses the integration of artificial intelligence (AI) in various companies, highlighting its impact on operations and business growth Group 1: Costco - Costco has integrated AI into its pharmacy inventory system, achieving over 98% in-stock levels, leading to mid-teen growth in pharmacy scripts filled and improved margins while lowering prices for members [3][4] - The company is also deploying AI in its gas business to enhance inventory management and drive sales, focusing on both member-facing improvements and business basics [4] - Management sees significant opportunities for AI across various business areas, including procurement and supply chain, aiming to deliver goods at the lowest possible price [4] Group 2: Tractor Supply - Tractor Supply is implementing AI in three areas: off-the-shelf software, custom-built software, and AI agents [5][9] - The company is leveraging AI capabilities from software vendors in enterprise-level applications, enhancing operational efficiency [6][7] - Custom-built applications like Hey GURA, Tractor Vision, and Quorso are being scaled to improve daily operations, while integration with OpenAI allows for automation and faster task completion [8][9]