Decision making tools are one-stop environment comprising of:
- Artificial Intelligence suggested decision/action
“give discount X% on SKU A” - Custom made analytics justifying the decision
“…because sales in the next 60 days will be Y” - Best practice machine learning forecast
“…and 60 day forecast for sales of A was 87% correct so far” - Link with ERP documents so decision becomes action
“if suggestion is accepted the price list is updated with X% discount on A”
Decision making tools are meant to:
- Increase quality of decision because we use all available data, cutting edge ML forecasts and AI decision making algorithms that are completely alligned with company’s strategy
- Increase efficiency because we provide decision makers not only suggestion but also all relevant information that is usually in many different reports
- Increase productivity because decision makers do not waste time on looking at many reports or entering decisions in ERP