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DOI: Enhancing Production Planning in ERP system: Exploring how AI-based forecasting improves manufacturing KPIs.
Rushabh Mehta , Financial Analyst, Hammerton, Inc., USAAbstract
In modern manufacturing, where customer demands change quickly and market forces are always changing, two key processes are essential for operational success: production planning and scheduling. To make sure that manufacturing processes are in accordance with business goals, that resources are spent intelligently, and that things are delivered on time, these actions must be taken. But conventional means of planning and scheduling production are having trouble at a time where individuals are continually seeking for ways to get better and come up with new ideas. These methods that used to function effectively don't work as well in today's intricate industrial environment, therefore it's time to come up with new ways to stay ahead in a competitive field. Old ways of planning production that can't keep up with a world that is changing swiftly cause a lot of issues in the manufacturing company. AI, or artificial intelligence, is a new technology that is revolutionizing the way things have always been done. Imagine a future where manufacturing goes smoothly because production lines can alter to meet market needs, resources are used more efficiently, and demand is predicted accurately. Because AI can transform things, this future is not simply a dream; it is occurring right now. AI is altering how things are manufactured by replacing rigid manufacturing processes and set schedules with smart systems that can learn, adapt, forecast, and become better at speeds never seen before. AI technologies are transforming how production planners and manufacturers do their jobs. Now they can make better decisions, manage their resources more wisely, and design strategies that function in the real world. This stu: AIoks at how complicated AI is when it comes to planning and scheduling production, with a focus on how important it is in ERP systems.
Keywords
AI-based Forecasting in ERP, Smart Manufacturing, Production Planning Optimization, Machine Learning in Manufacturing
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