Artificial Intelligence or AI is no longer a futuristic dream. It has become a reality and is being implemented in many businesses across the globe. An ERP software equipped with this feature becomes a powerful tool. It can help streamline your business, provide insights, forecast your sales and also reduce losses.
Why do you need it?
Presently, COVID19 has jolted businesses across the world with unprecedented lo om home. Companies not only need to maintain business communication but also manage business operations in lock down.
In the Future, business after lock down will be met with the herculean task of reviving the economy and also prepare for probable COVID20 lurking in the shadows.
How can AI help your Business?
An ERP propelled by an AI can provide multiple feedback and insights. We will discuss some of them below:-
1) Business Analytics – Using features like Business Intelligence (BI) and Key Performance Indicators (KPI), an AI can track in detail all the operations. It helps in identifying under performing variables.
2) Demand Forecasting – Analysing historical data of demand and supply along with identifying demand rise, an AI can provide results for expected demands in that period. This helps remove shortages and cut down yield losses.
3) Financial Management – AI can compare, monitor and track monetary entries between different departments. It can provide with tallied reports on closings and also highlight discrepancies.
4) Stock Management – All types of allotted, un-allocated, in transition, under production, made to order, continuous, discrete etc stocks can be tracked at one place and assigned to customers. They can also provide ageing analysis to prevent stock expiry.
5) Production Management – AI can keep records of all the items under production, with marking its order and completion time. Comparing with demand forecast it helps maintain the right number of items under production, thus prevent under and overproduction.
6) Human Resource Analysis – AI can be driven to provide analysis of HR factors like salary, leaves, staff ratio, recruitment, performance reports etc. It can be extremely helpful organisations having a good number of employees.
7) Client Relation Management – AI can power a CRM with alerts & scheduler to maintain activities for every prospect. It can guide the sales team with activities that can be viable for a prospect.
Our AI-powered ERP covers all these insights and much more. You can always reach us for a free consultancy. Call us on +971 52 640 3948 or email at info@brainsphereit.com.
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