Posts

Showing posts from June, 2022

ERP with AI: Transforming the Future!

Image
Businesses are aggressively investing in artificial intelligence (AI) technology , integrating it with machine learning and advanced analytics to improve the actionability of business data. By 2025, the global AI sector will be valued at $38.46 billion. You may get more value for your dollars by implementing AI technology into your ERP Software Services . Today, we'll talk about the relevance of AI in ERP and how it's changing business. The Benefits of Integrating AI & ERP ➤ Data Pattern Identification​ One feature distinguishing AI from mechanistic or rules-based predictive analytics is its ability to adapt and learn. AI in ERP may help your business with planning, problem-solving, and strategy with minimum human intervention. It is fluid and adaptable, frequently analyzing new information and making decisions based on those insights. It may be used to drive more resilient, efficient processes.  ➤ Modelling advanced forecasts Accurate forecasts help services like warehou

ERP Implementation Failure In Nike SCM: Lessons Learned!

Image
  Damages Estimated - $400 Million A supply chain management system is intended to assist a corporation in streamlining and centrally managing the movement of products and services. It is not intended to result in excess inventory or lengthy order delays. However, it is precisely what occurred when Nike introduced an SCM system in 2001. The SCM project , carried out in collaboration with i2 Technologies, began promisingly but rapidly deviated. As a result, the mega-supply brand's chain failed at multiple vital points, resulting in a considerable decrease in income. Here, we're taking a thorough look at the Nike SCM failure . We'll talk about what occurred, what we learned, and how you may prevent a similar fate in your implementation. Learnings from the Nike SCM Failure! Here are a few crucial takeaways from the Nike SCM failure : 1 - Comprehend the complexity of your industry Nike SCM was intended to be a multi-year system update that would eventually lead to worldwide d