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Author: Elena Del Valle, Manufacturing CIO
Sales & Operations Planning (S&OP) meetings are an essential part of business operations in which sales and operational plans are aligned with overall business goals. However, these meetings are time-consuming, mind-numbing, and prone to human error. Enterprise Resource Planning (ERP) systems fall short in supporting decision-making proactively. Modeling this amount of data in spreadsheets is over.
Business today is not like yesterday. Challenges are different and faster-paced. The world and our supply chain change daily. You can’t do the same thing and expect better results. In an increasingly competitive landscape, adapting to new technologies is crucial for staying ahead.
Incorporate Artificial Intelligence (AI) into the S&OP process to make more informed decisions based on real-time, data-driven insights and recommendations. To compete and win, you need a solid AI tool to support you in S&OP.
AI can analyze enormous amounts of data to provide more accurate sales and operational forecasts, enabling companies to better plan production and inventory levels.
Machine learning can be leveraged to learn from historical data and adapt to predict future demand requirements to meet profit goals accurately.
AI processes real-time data from various sources, including forecasts, sales transactions, market trends, supplier delivery performance, and inventory levels, to provide up-to-date insights in S&OP meetings.
AI forecasts and calculates potential risks and opportunities, allowing companies to proactively suggest and address issues before they arise.
AI provides you and your management team with the proactive insight needed for doing business in today’s world. AI can consider and resolve potential issues before they arise, and enable you to hit your business goals faster and smarter than ever before.
In today's fast-paced and ever-changing world, incorporating AI into S&OP is essential for staying ahead of the competition and driving success. Get a demo with Taltrics to learn more about how to supercharge your S&OP process with their state-of-the-art AI.
