Win Big with ERP: Artificial Intelligence Solutions to influence Your Bottom Line  

One of the hottest topics in IT today is Artificial Intelligence (AI).  By continuing to automate certain functions using sophisticated AI algorithms, one can free up employee resources for more creative activities that will add further value for your business. Although some believe that AI may replace more mundane jobs, our belief is exactly the opposite. AI will help create an increased number of less-repetitive jobs in your organization making it more innovative, more responsive to your customer’s needs, and more successful. AI will also bring operational benefits with an ability to reduce errors and improve processing times for various transactions that will decrease costs and improve customer satisfaction.

AI incorporates the ability to find trends in a large collection of data and provide insights that may not be obvious to a person looking at gigabytes of data.  Many AI programs incorporate the ability to learn from previous activities and allow one to develop more accurate forecasts and predictions.

AI technology can make a positive impact in multiple areas of your business.  These can include:

• Inventory Management – By helping to provide more accurate forecasts — optimizing supply chains — figuring out the most efficient way to store the inventory — and tracking product lifecycles, various AI techniques can improve costs, decrease waste, and improve cycle times.
• Production Management – Figuring out the most optimal way to process your backlog in your manufacturing plant can become a horribly complex problem. Utilization of AI techniques can figure out the best ways to select what order to process the jobs in your backlog, which machines to use, maintenance scheduling, and overall logistics as the work-in-process moves through the manufacturing cycle.  These optimizations can help decrease the amount of capital equipment needed, improve cycle times, and lower costs.
• Sales – One of the most profitable ways of improving your sales is to implement sophisticated upsells and cross-selling approaches. A sophisticated AI algorithm can help by analyzing, in real-time, what additional products to recommend based on previous customer history and other information.
• Financial Management – Besides automating various financial functions, an AI program can help a financial manager make various key decisions, such as how much cash to keep on hand, whether a capital investment will pay off, and double-check financial statements for accuracy.
• Marketing – A key marketing function is to develop the best and most effective message for your marketing campaign based upon a variety of factors. These include customer demographics, competitive challenges, historical performance, product attributes and many others. Analyzing these factors can involve looking at a great deal of data. By utilizing advanced analytics, a good AI program can help a marketing manager sift through all these factors and create the most effective marketing campaign.

As part of our mission to be a business process improvement company, My Office Apps, Inc. is committed to providing continued improvements and incorporate various advanced AI techniques in our Kechie™ ERP software. Our goal is to provide the best solutions for small and medium sized businesses with the latest techniques to contribute to the success of our customers.  In the coming weeks, we will post additional articles that describe some of the specific AI features we have already incorporated into our Kechie software and also provide a roadmap for other features we expect to implement in the near future. Our focus is not to provide AI for AI’s sake, but rather to implement practical AI functions that can make a real difference to your bottom line.  For more information, visit www.myofficeapps.com, or better yet, call us at (949) 486-1947 and we will schedule a demo so you can view these features for yourself.