Improving the Efficiency of ERP Software with Machine Learning

Posted By : Pawan Sunar | 30-Jan-2020

ERP software with machine learning

 

 

Many organizations use ERP software to centralize their database. ERP software with Machine Learning enables business associates to manage information that is stored in the central database efficiently. In addition, the information can be shared easily among the staff of an organization. Let’s explore how businesses are enhancing the efficiency of their ERP software with Machine Learning. 

 

We provide ERP development services to manage business operations efficiently. Our custom ERP solutions improve existing business processes by streamlining workflows and automating on-going operations. 

 

Benefits of Combining ERP Software with Machine Learning

 

Accurate Prediction: 

 

Integrating ERP software with machine learning enables businesses to create highly accurate predictive analytics. Prediction is one of the foremost attractive reasons organizations incorporate machine learning with their existing ERP. Using historical data, it can tell you exactly which season you’ll sell the predicted product, and which models have the very best likelihood of being the biggest sellers. It enables organizations to avoid product stockout.

 

Capacity and Quality of Production: 

 

ERP software with machine learning is better at improving production capacity. It will optimize the efficiency of machines, and economize and waste with reference to raw materials. If it faced any issues with finished products or services, machine learning is in a position to drill right down to find exactly what's contributing to those problems. Is it a process or workflow problem? A malfunction with equipment or an issue with something else? It’ll be better positioned to spot where you’ll be ready to improve the standard of the products, and services.

 

Analyzing unstructured data: 

 

ERP excels at handling structured data like revenue or customer category, but that's just one piece of the customer story. Understanding the nuances of unstructured, qualitative data—like email, response templates, or meeting notes—can be the key to competitive advantage. Machine learning treats unstructured text as data, giving new value to an otherwise elusive email conversation between a customer and therefore the support agent. Alongside the structured data already captured within the CRM and the extra unstructured data becomes a strong data element to tell and drive better outcomes.


 

Improving customer service with virtual agents:

 

Virtual agents are the AI and machine learning tools for increasing the functionality of ERP software. With the right integrations, they will be able to train employees and guide them through complex processes and even provide customer service. Integrating AI and ML into ERP systems give an additional specialize in customer service, as they're ready to see what their customers are asking about in real-time, while a virtual agent answers all the pertinent questions. Instead of having a customer service representative handling a queue of disgruntled customers, consumers can ask questions on their order and therefore the AI will provide the knowledge upon request.

 

ERP software with Machine Learning can reshape a business making it more efficient and profitable. Machine learning-enabled ERP solutions will give businesses unparalleled efficiency levels and insights into data by recognizing trends and patterns.

 

At Oodles, we provide ERP integration services to extend the functionality of the existing system and to streamline the business operations.

 

Get in touch with our ERP team to avail the benefits of using Machine Learning in ERP!

 


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