Virtualitics’ Post

As the manufacturing industry evolves, it’s imperative for plant managers to leverage cutting-edge technologies for optimum operational efficiency. One such innovation is the implementation of OGSM software solutions. Learn more directly from our seasoned team of industry experts by following Michael Lynch, Soren Kaplan, George W E., Gabriel Mendoza and Michael Rothrock. #manufacturing #digitalmanufacturing #leanmanufacturing #industry40 #supplychain #sixsigma #leansixsigma #leanmanufacturing #digitalmanufacturing #kaizen #lean #manufacturingexcellence #manufacturingoperations #AI #artificialintelligence #digitaltransformation #ogsm https://lnkd.in/ejkVWnqP

Artificial intelligence is becoming increasingly crucial in today's rapidly evolving business landscape, revolutionizing maintenance operations and streamlining business processes. This article explores the transformative impact of AI on the maintenance and BPM sectors, offering valuable insights for professionals seeking to stay ahead in their industries. Let's stay ahead of the curve and leverage the power of AI in our maintenance and business process endeavours! 🚀 Feel free to read it and share your thoughts. #AIinMaintenance #BPM #ArtificialIntelligence #DigitalTransformation

Exciting news! Our Asset Risk Predictor - AI-based predictive maintenance software has been recognized by leading technology research and advisory firm for industrial, energy, and infrastructure markets. Check out the post by ARC where they highlight our innovative technology. https://lnkd.in/gpg7jYhi #predictivemaintenance #AI #AssetRiskPredictor #innovation

What role does AI play in real-time asset tracking and management within complex logistics networks? AI plays a crucial role in real-time asset tracking and management within complex logistics networks by providing advanced capabilities that enhance efficiency, accuracy, and decision-making. Here are some key roles of AI in this context: Predictive Maintenance: AI algorithms can analyze historical data and real-time sensor data to predict equipment failures or maintenance needs. This proactive approach minimizes downtime and optimizes asset utilization. Optimized Routing: AI-powered routing algorithms can dynamically adjust routes based on real-time traffic, weather conditions, and other variables. This optimization reduces delivery times, fuel costs, and improves overall fleet efficiency. Inventory Management: AI systems can analyze demand patterns, historical data, and external factors to optimize inventory levels. This ensures that warehouses and distribution centers have the right amount of stock at the right time, reducing stockouts and excess inventory costs. Asset Tracking and Visibility: AI-powered tracking systems use sensors, RFID tags, GPS, and other technologies to provide real-time visibility into the location and condition of assets. Machine learning algorithms can analyze this data to detect anomalies, identify patterns, and improve asset utilization. Route Optimization: AI can optimize routes dynamically based on real-time data such as traffic conditions, weather, and delivery priorities. This improves delivery times, reduces fuel consumption, and enhances overall fleet efficiency. Demand Forecasting: AI algorithms can analyze historical sales data, market trends, and external factors to forecast demand accurately. This helps logistics companies optimize inventory levels, plan production schedules, and reduce stockouts or overstocking situations. Risk Management: AI systems can identify potential risks in logistics operations, such as supply chain disruptions, delays, or security threats. By analyzing vast amounts of data in real time, AI can provide early warnings and enable proactive risk mitigation strategies. Overall, AI in real-time asset tracking and management brings automation, optimization, and predictive capabilities that significantly improve the efficiency, reliability, and responsiveness of complex logistics networks.

GenAI Autonomous task execution - the future of procurement process transformation. Orchestration is transforming process automation, and GenAI autonomous task agents will be the jet fuel for orchestration by 2028*. In this @Floada Blog, we explain how they are different and essential to procurement leaders' strategic plans. Propel your transformation with the revolutionary Floada Insight Studio for contract search, analysis, and action. #procurement, #contractanalytics, #genai, #clm, #processautomation, #rag, #aiagent #autonomoustaskexecution, #ate, #processtransformation, #transformation, #orchestration #autonomousaiagent #autonomousagent

𝙀𝙭𝙥𝙡𝙤𝙧𝙞𝙣𝙜 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙚𝙨: 𝙒𝙝𝙮 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙫𝙚 𝙈𝙖𝙞𝙣𝙩𝙚𝙣𝙖𝙣𝙘𝙚 𝙄𝙨𝙣'𝙩 𝘼𝙡𝙬𝙖𝙮𝙨 𝙩𝙝𝙚 𝘼𝙣𝙨𝙬𝙚𝙧 As maintenance strategies evolve, Predictive Maintenance (PdM) has taken the spotlight with its AI and ML prowess. But, is it the optimal solution for every scenario? 🤔 In our latest article, we dissect the nuances of Predictive Maintenance and shed light on when it might not be the best fit. From the intricacies of the P-F curve to data challenges and changing environments, we unravel the considerations that often go unnoticed. 🔍 Discover the key differences between Condition-Based Maintenance and PdM. 📊 Dive into the critical balance of cost, feasibility, and effectiveness. 🔄 Explore a step-by-step approach to maintenance that maximizes ROI. Read the full article here: https://lnkd.in/eGQawc_u #MaintenanceStrategies #AssetManagement #PredictiveMaintenance #PdM

Imagine a world where supply chains are resilient to global disruptions, where predictive analytics preemptively manage demand volatilities, and where strategic decisions are made with a click of a button. 💡? This is not the stuff of science fiction—it's the reality of today's intelligent software in supply chain management. 📈? 🤖? By harnessing the might of AI and machine learning, organizations are achieving greater operational efficiency and resilience. Whether it's managing inventories in seasonal industries or navigating the complexities of global supply chain disruptions, intelligent software stands as a steadfast ally. 🔍? With careful implementation and a human-centric approach, the integration of intelligent software can safeguard against uncertainties, ensuring both customer satisfaction and operational excellence. 🌟? Leaders in the industry, are you ready to make the leap? #AI #OperationalExcellence #RiskMitigation https://lnkd.in/eckKvYuK

Deploying AI's discovery and automation capabilities in BPM powers advancements in front-office processes, process data analysis, business process mapping, process modeling, and more. ABBYY is exploring ways #AI technologies can extract more data from customer documents and correspondence to accelerate decision-making in enrollment, funding and approval processes, according to Bruce Orcutt, senior vice president of product marketing at ABBYY. Read the article for more insights.