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AI Revolutionizes Manufacturing SAP's Industry 4.0 Center in Newtown Square is changing how factories work with AI. The technology connects every part of production, from planning to delivery. This makes everything faster and cheaper, and some companies are seeing their profits triple. The center uses the latest tech from top companies to give hands-on demos. Tools like SAP's Joule offer real-time supply chain insights. In my research on AI and risk management, I see these advances shaping small business strategies. AI not only boosts efficiency but also helps in managing risks, especially in procurement. Small businesses can learn from these methods to cut costs and improve service. Key takeaways: - AI integrates production processes effectively - Cost savings and increased profits are real outcomes - Real-time insights enhance supply chain management These insights are crucial for small businesses aiming to innovate. #AI #BusinessStrategy #Innovation #RiskManagement Explore the article and think about how these strategies could work for you. Read more:

Are you leveraging AI on your shop-floor? 👀 Realizing #AI driven #manufacturing solutions on the #shopfloor at SMEs and mid-caps often comes with challenges. Limited resources, the need for specialized knowledge and high quality data are significant barriers that need to be overcome to benefit from improved efficiency, cost savings and competitive advantages due to AI automation. In the course of their #opencall for experiments on AI-in-Manufacturing, AIRISE is currently offering advisory and financial support for projects aimed at applying AI in manufacturing. Applications can be submitted by SME’s in collaboration with an AI provider. With the expertise in the fields of design & engineering, process monitoring & control, manufacturing operations, supply chain and training that AIRISE brings in, this is a great opportunity for SME’s that are struggling to take the first steps towards implementing AI in their processes. You can find more information here: https://lnkd.in/dUSzjSvX At Phantasma, we build AI-based software for the optimization of planning and decision making processes without the need for historical data. Our AI models understand the impact of various parameters and their impact on the KPIs, and can thereby suggest KPI-driven optimal decisions for planners for various scenarios occurring in manufacturing firms. This enables dynamic (re)planning and quickly responding to unforeseen events and changes, increasing overall process efficiency. To us the open call seems like an exciting opportunity and we would be thrilled to discuss use cases for implementing our AI tool at SME’s wanting to kick off their AI journey and apply for the call together. Exemplary use cases our tool can support with are production planning, workforce planning, audit planning or maintenance planning. If you feel addressed by this and the AIRISE’s open call sounds interesting to you, it would be great to hear from you! We are currently offering a free 7-Day-PoC where we show what AI-driven optimization can do for specific manufacturing use cases and the impact it has on the KPIs — Let’s have a chat and see what it can do for your company! 🚀 👉🏼 https://lnkd.in/e_bUMkQg Share this post to your network if you know someone who this might be interesting for! 📣 #IndustrialAI #AIinManufacturing

AI is revolutionizing manufacturing. At SAP's Industry 4.0 Center in Newtown Square, Pennsylvania, artificial intelligence is at the heart of a manufacturing transformation. This center uses AI to streamline processes, making production more efficient and integrated. Companies using these AI solutions are seeing real benefits, such as significant cost savings and even tripled profits. With hands-on demos and cutting-edge tech from global leaders, this innovation hub is changing how manufacturers operate. In my own research on AI, I've found similar trends. Small businesses and those in procurement can learn a lot from these large-scale implementations. Integrating AI into business strategy can reduce risks, streamline operations, and boost productivity. For instance, AI can manage supply chains effectively, offering real-time insights and predictive analytics. This not only saves time but also helps prevent costly disruptions. Key takeaways? Businesses, regardless of their size, should embrace AI to stay competitive. Start by identifying areas in your operations where AI can make a difference. Open-source applications can be a cost-effective way to begin this journey. Additionally, proactive risk management with AI can help foresee challenges and mitigate them before they impact your bottom line. Explore the article and think about how these strategies might apply to your own work. What opportunities can AI uncover for you? #AI #BusinessStrategy #Innovation #RiskManagement #ManufacturingInnovation Read more:

As manufacturing continues to evolve, AI-driven solutions are becoming essential for companies aiming to stay competitive. At CRIBWISE, we’re excited to introduce our latest Stock Optimization add-on—powered by AI to help our customers boost efficiency and streamline operations on the production floor. With this add-on, we can: ✅ Optimize consumable stock levels with precision. ✅ Minimize purchasing administration time, allowing our teams to focus on strategic tasks. ✅ Free up stock management personnel to prioritize high-impact projects. If you’re looking to enhance your manufacturing capabilities, I encourage you to explore this solution further. Click the link below to learn more, book a FREE demo, and follow CRIBWISE on LinkedIn for all the latest updates. ➡️ https://hubs.li/Q02WqNJc0 Let’s harness the power of AI to drive the future of manufacturing! #CRIBWISE #ManufacturingInnovation #AI

Improving Supply Chain Planning & Forecasting with Technology & Benchmarking 📈 Leveraging technology and benchmarking improves supply chain planning and forecasting, enhancing operational efficiency, sustainability, and cost reduction. This scientific approach optimizes inventory management and reduces lead times. Benchmarking Steps: Identify Key Metrics: Select relevant metrics (e.g., inventory turnover, lead time, order fulfillment rate) for benchmarking. Select Best-in-Class: Research and identify companies excelling in these metrics. Analyze Best Practices: Study their processes, technologies (e.g., SAP, TMS Blue Yonder), and data analysis methods (e.g., using Power BI for visualization). Implement & Adapt: Adapt successful practices to your organization, leveraging AI, Machine Learning (e.g., TensorFlow, PyTorch) for predictive analytics and optimization. Combining Planning, Forecasting, and Benchmarking: ⭐⭐⭐⭐⭐ This combination delivers significant value by improving forecasting accuracy, optimizing inventory levels, and reducing waste, aligning with sustainable practices. This approach reduces operational costs and enhances responsiveness to market demands. #SupplyChainOptimization #PredictiveAnalytics #Benchmarking #Logistics #Innovation 🚚🚀 https://lnkd.in/e6bZd3eY

Welcome to our first case in the 💥 𝐀𝐈 𝐌𝐲𝐭𝐡𝐛𝐮𝐬𝐭𝐢𝐧𝐠 💥 series, where we separate AI facts from fiction! 🕵🏻🔎 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞: A supplier issues an invoice that lists prices per 1,000 units for a SKU, along with listed surcharges (e.g., energy, setup, handling waste). The extracted price of a SKU does not match the one in the ERP system. Can you extract and calculate the total price of a SKU?    𝐆𝐞𝐧𝐀𝐈: Can help with accurate data extraction but struggles with mathematical calculations.    𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: A suitable post-processing module capable of handling customer-specific document structures is recommended. #AI #ArtificialIntelligence #TechTrends #Innovation #MachineLearning #AITechnology #DataScience #TechCommunity #AIInsights #futureofwork

Ready to test your AI knowledge? In our 𝘼𝑰 𝑴𝙮𝒕𝙝𝒃𝙪𝒔𝙩𝒊𝙣𝒈 series, we tackle common office headaches 👇

Fabrication shops are drowning in data. With orders flooding in and parts moving through the shop, it's a constant struggle to track jobs, ensure quality, and get accurate costing. The result? Low margins, late deliveries, and frustrated customers. But what if AI could help? Imagine an intelligent system that tracks each job in real-time, identifies bottlenecks before they happen, and provides accurate cost estimates. Fabricators could optimize workflow, reduce delays, and boost profitability. The future is here! Leading fabricators are now using AI and advanced analytics to transform their business. Rather than relying on gut feel and spreadsheets, they leverage predictive insights to streamline operations. The impact is game-changing. Flow from order to cash improves dramatically, on-time delivery nears 100%, and margins expand. It's a whole new ballgame. The bottom line? AI delivers the visibility and intelligence fabricators need to work smarter. As one manager put it, "We struggled in the past but now have the data to make proactive decisions. Our shop is leaner and more profitable than ever." The fabrication industry is being reinvented before our eyes thanks to AI. The future looks bright for shops who embrace it. https://lnkd.in/g5bYqHB2 #ERP, #manufacturing, #machineshop, #jobshop, #fabricators, #jobboss2, #jobcosting, #AI, #artificialintelligence

In Cleveland to speak at two events, including the Print Smart Summit & the Premier Printers Network! I’ve been asked to share on the impact of AI on the print industry. Along with speakers from Marketing AI Institute, IBM, Google, and Pandata, I’ll share a few of the critical ways AI is changing print. My goal is to bring a macro view of where the world is headed, but also ground the discussion in practical, real-world applications that everyone in the audience can relate to. I’m going to show numerous use-cases and examples, with a particular focus on direct mail. I’m sure some will disagree with me around where this is all headed (hint: it may not be what you think). I welcome that. No one knows for sure where this is headed. But there are some pretty clear signs. And I think anyone who chooses to ignore the seismic shift will at some point wake up sorry. But it’s not too late: We’re still early in the game, and there’s a real opportunity for print companies to have a first-mover advantage … especially because so many are scared sh*tless about what AI will do to their jobs. I get it. That fear is real. And the threat is even more real. But instead of putting our heads in the sand, I think a grounded, rationale conversation is what’s required. And that’s what I am to do! Oh, and I’ve got plenty of dad jokes lined up, too 🤣 If you’re in the area I’d love to have you stop by the event. If not, let’s talk AI + Direct Mail / Print. What do you think the impact will be? What are you scared of? What are you excited for?? Let's talk! ⤵

I wanted to showcase what we've been cooking 👨🍳 up at PackageX since I joined back in February! For all my software, logistics and retail folks, you MUST become aware of the term: "OCR-Scanning". Why you may ask? It's evident most businesses are trying to do more with less given the current environment. OCR-Scanning helps businesses save on costs, increase efficiency, and workforce effectiveness. Optical character recognition (OCR), also known as text recognition, is a technology that converts images of typed, handwritten, or printed text into an editable and searchable format on a computer. In the context of supply chain across logistics & retail, OCR-Scanning offers significant benefits. OCR eliminates the need for manual data capture by converting text from any paper documents, such as invoices, shipping labels, receipts etc. into digital characters that are captured & integrated into your WMS, OMS, IMS, BMS, or backend systems. This not only helps maintain accurate and up-to-date records but also enhances supply chain visibility and traceability, thereby improving decision-making with reliable data. We see improvement across different facility types whether it be a mailroom, warehouse, store or any place that receives inventory. At PackageX, we are reimagining the receiving process with our AI powered OCR Scanning and seamless workflows, empowering logistics companies to unlock hidden productivity. Check out the blog post below for more info on OCR Scanning! We have a lot cooking up so I'll be sure to share more soon... 👀 https://lnkd.in/gZf2WB-X #OCR #AI #Logistics #Receiving #SupplyChain