Informed business planning is required to know what is working for your manufacturing business. Current trends show Artificial Intelligence (AI) and Machine Learning (ML) can transform business outcomes, help prioritize tasks and deliver impactful insights.

“Artificial Intelligence and Machine Learning have reached a critical tipping point and will increasingly augment and extend virtually every technology enabled service, thing, or application.” – Gartner

In our latest eBook, find out what role data plays when using powerful tools like AI and ML, what it actually means for your business and how it can move your reactive pricing to a strategical level. This includes your rebate programs as well as price structures and optimization processes. ML helps to dynamically optimize prices based on pre-defined rules. The algorithms are allowing it to continuously learn and make better decisions. AI, on the other hand, can predict and prevent errors or streamline efficiencies like staff productivity. All of this is adding up to transformational maturity, being better equipped for industry 4.0 and helping your company to increase revenue.

Artificial Intelligence and Machine Learning pack a powerful punch for planning and forecasting Pricing strategies

Special Pricing

Price

Understand your customers’ reactions to different pricing strategies

Rebates

Rebates

Get the information you need to best motivate and incentivize your distributors

Planning

Planning

Forecast results knowing the impacts of promotions, rebates, costs

Manufacturers who are supported by software that manages the full lifecycle of their pricing optimization programs will have a strategic advantage in the marketplace. By capturing detailed supply chain performance data in a structured repository with machine learning capabilities, manufacturers (and their supply chain partners) can get instantaneous answers, rather than enduring hours of searching for data, doubting its integrity and manually studying its secrets. In the end, data leads to insights, and insights lead to profits.

For examples and insights on successful AI and ML integration and helpful steps to a comprehensive program approach download the eBook.

Reference:
https://www.dataversity.net/artificial-intelligence-and-machine-learning-trends-in-2020/

See how it all adds up

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