1 / 8

Impact of AI-based Re-Engineering on Manufacturing ERP Paradigm

AI is strengthening the foundation of manufacturing ERP by leveraging machine learning and intelligent algorithms so that business processes are re-engineered on a highly efficient scale.

BrianBurell
Download Presentation

Impact of AI-based Re-Engineering on Manufacturing ERP Paradigm

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How AI-based Re-Engineering Impacts Manufacturing ERP Paradigm www.katalysttech.com

  2. “Artificial Intelligence is driving manufacturing resurgence in the market.” According to a forecast by PwC, AI will bring 14% hike in GDP by 2030, as the impact of enabling technology increases on the manufacturing output. And ERP, being one of the significant drivers of business optimization, has an instrumental role to play in transforming the shape of the manufacturing function. According to a report by Microsoft on „The Future Computed AI and Manufacturing,‟ the association between AI and manufacturing is visible through automation and the application of AI-powered data analytics.AI is strengthening the foundation of manufacturing ERP by leveraging machine learning and intelligent algorithms so that business processes are re-engineered on a highly efficient scale. Taking concrete inputs on the performance metrics by breaking data silos, ERP in manufacturing is driven by cognitive supply chain characterized by AI- based decision-making. Reference Link - https://katalysttech.com/blog/how-ai-based-re-engineering-impacts-manufacturing-erp-paradigm/

  3. How AI’s Augmented Intelligence helps in process re-engineering Artificial Intelligence is enabling machines with human-like intelligence, thus allowing them to respond and interact with the world swiftly and smartly. So, instead of considering AI as human substitution, it is now viewed as augmented intelligence that supports human capabilities. At the core, AI is using deep learning to revamp the manufacturing processes by: • Eliminating unsafe conditions • Removing redundant tasks • Breaking down processes into simpler components • Applying real-time data and machine learning algorithms to improve efficiency • Reducing lead time • Ensuring predictive maintenance • Enabling supply chains with intelligent information • Improving demand forecast • Reducing costs related to transport and warehousing and • Giving ideas for new and improvised products.

  4. Augmented intelligence doesn‟t fine-tune processes; instead, it introduces dramatic changes to achieve a significant impact on the functionality of manufacturing ERP. It makes intelligent decisions at a remarkably faster speed based on behavioral trends, thus making ERP more responsive and flexible to market changes. This overhaul of business processes using AI fuses agility in the manufacturing ERP, thus making businesses more sustainable, competitive, and capable of introducing disruptive innovations at the industry level. Augmented intelligence doesn‟t fine-tune processes; instead, it introduces dramatic changes to achieve a significant impact on the functionality of manufacturing ERP. It makes intelligent decisions at a remarkably faster speed based on behavioral trends, thus making ERP more responsive and flexible to market changes. This overhaul of business processes using AI fuses agility in the manufacturing ERP, thus making businesses more sustainable, competitive, and capable of introducing disruptive innovations at the industry level.

  5. How ERP uses AI capabilities for actionable intelligence Actionable intelligence refers to meaningful visions that can catalyze the business performance across all business units in an enterprise. AI-backed processes enable manufacturing ERP to provide valuable information and actionable insights that are critical for the success of a manufacturing enterprise as a whole. ERP systems that derive fact-based inputs from AI integrated business processes deliver true business value. While managing and tracking several functional domains like logistics, supply chain, shipping, quality, receivable, and others, ERP offers concurrent information that equips strategists to make decisions for a greater good. Primarily, AI empowers ERP to work on operational intelligence that is crucial for a streamlined manufacturing process. The key performance metrics related to manufacturing processes proves to be the ideal automation environment for AI. For example, the application of AI and machine learning helps in accurate asset management and make supply chain transparent and visible as it was never before. AI-based algorithms are helpful in strategic sourcing and controlling the negative price variances. Also, AI modeling is aiding inventory optimization at all the warehouses while considering the ad hoc external variables that may impact on-time delivery.

  6. AI-Enabled ERP tracks production schedule performance in real-time. The machine learning algorithms detect the load level of every machine, thus enabling operation decision-makers to make accurate decisions during each production run. AI studies several asset parameters and analyzes the revenue yielding capability of every asset. AI solutions are also capable of revolutionizing customer service models. By getting visibility into customer behavior and their history, AI-enabled ERP gets the holistic view of the customer and cost-effectively expedites the customer service. According to Forbes, machine learning has contributed a 50% reduction in the supply chain forecasting errors. Besides, automation has increased the defect detection rate to 90%. For sustainable business growth, it is imperative on the part of strategists to monitor performance metrics and make intelligent decisions to accomplish business goals. The situation sounds feasible yet can only be achieved when AI is backing the manufacturing business processes. Unless businesses make future-oriented decisions, achieving sustainability is a challenging task.

  7. How AI optimizes the manufacturing ERP If businesses envision for alignment at all the levels of manufacturing, AI-backed process re-engineering is essential for them. It would allow them to leverage AI technology to earn better positioning in the market. They can test and implement new business models and optimize the availability of resources. AI-enabled ERP is known for improving time- to-market performance of the system. AI is exposing the business blind spots while relying on real-time data, thus transforming the ERP system. By incorporating AI as the driver of their manufacturing ERP, organizations can become future-forward. They can explore the limitless potential in the market and reach an unprecedented level of efficiency. Investing in smart technologies is not an alternative for business today. If you see the value in investments like these, Katalyst Technologies can help you define the strategy for the future. Connect with our specialists in SAP, Oracle, NetSuite, Celero, and Macola ERP systems.

  8. Katalyst Technologies is a leading IT services and solutions company servicing clients in the manufacturing, wholesale distribution, life sciences, e-commerce, logistics, and retail sectors. We provide industry – specific IT products, strategies and solutions for companies implementing large-scale and transformational projects. Our business and technology experts are highly-skilled and work seamlessly across multiple geographies, with a global footprint in the U.S, U.K, India, and Germany. We specialize in the areas of Digital & e – Commerce, Enterprise Resource Planning, Supply Chain Management, Engineering and Manufacturing, Professional Services and e – Publishing. USA Evanston +1 847 425 4321 Atlanta +1 678 684 5300 UK INDIA Hadapsar, Pune +91 20 6709 3939 Valasaravakkam, Chennai +91 44 4294 3400 Basavanagudi, Bengaluru +91 80 2677 0101 Teddington +44 208 943 5589 sales@katalysttech.com

More Related