Artificial intelligence (AI) has changed the business landscape and how people work. This cutting-edge technology is responsible for transforming company operations, improving decision-making, and creating more personalized customer service. Specifically, AI positively impacts the CFO’s work in several ways and can potentially boost the company’s return on investment (ROI). Continue reading to discover how CFOs can use AI to make a difference in their organizations.
For some people, the idea of artificial intelligence (AI) in the workplace immediately brings to mind negative thoughts. They picture a scenario where "the machines have taken over," similar to the plot of the Terminator films. The truth is much more favorable for humans: we are collaborating with AI to perform several jobs, but there is no reason to believe that we must worry about Cyberdyne Systems running everything and humans having to go underground in real life.
Moving to e-commerce from traditional sales channels isn’t a new idea for manufacturers. This strategy has likely been considered and planned over the table at multiple meetings and budget reviews.
If your company hasn’t made this move, it’s normal to wonder whether it’s too late to adopt e-commerce for manufacturers.
Topics: e-commerce for manufacturers
Your business is in a good place. New customers are coming on board, the number of orders is up, and the manufacturing division is growing. These are exciting times, but expansion presents many challenges, too. As the operation scales up, you will likely need to consider upgrading your manufacturing accounting system.
Topics: manufacturing accounting
Let's be honest. In today's cutthroat business world, getting your products to customers efficiently isn't just nice to have, it's make-or-break. While your competitors are wrestling with delayed shipments and frustrated customers, you could be the one delivering exactly what people want, exactly when they want it.
Topics: Distribution Software
Manufacturers with the right business intelligence can stop guessing when making decisions. Company managers can use real-time visibility into their business processes to anticipate their next move. It can be compared to looking through a windshield on a sunny, clear day instead of trying to drive in foggy conditions.
The ability to produce accurate, relevant reports promptly is an easy task. Nothing could be further from the truth. The amount of data companies must organize and manage has surged over the past few years. Unfortunately, many companies find it challenging to filter and support such a large volume of data.
In the post-COVID era, many distributors find several factors squeezing their profitability. Hiring and retaining employees continues to be a challenge. Demand for products varies, and as well as lead time to replenish necessary stock varies, leading to shortages. Rising inflation pressures distributors to stay profitable due to consumers' increased demands and higher supply costs. The business environment for all distributors is good news; those focusing on operational efficiency outperform their competition.
Topics: operational efficiency
The manufacturing industry is having its share of difficulties attracting skilled employees. As a result, manufacturers struggle to optimize productivity in their warehouses. Job seekers may avoid applying for available positions, thinking that warehouse work is dark, dirty, and offers no opportunities for advancement. Manufacturing warehouse automation improves the working environment for employees while improving productivity for the company. It’s a win-win situation.
Topics: ERP chat bot
Want to transform your workforce? Use these warehouse training tips to add both fun and teambuilding to your workplace.
If the words “teambuilding exercises” conjure up a 1990s-style vision of ropes courses and walking on hot coals, don’t worry—we aren’t going to ask you to do either. Instead, we’ve put together five tips that will help you build the teamwork that makes the dream work (thank you, John Maxwell).
Topics: warehouse training tips
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The manufacturing industry is a competitive one. Suppose your company is at the point of either implementing a new ERP or upgrading to the latest version of an existing one. In that case, you must find a solution supporting smart manufacturing. An ERP chat bot is one of the critical features of smart manufacturing, and AI (artificial intelligence) is improving these digital bots to make them more effective for sales and customer service roles.
Topics: ERP chat bot
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