Podcast
Questions and Answers
What is the main focus of the ERP system with embedded intelligence?
What is the main focus of the ERP system with embedded intelligence?
- To provide practical business outcomes (correct)
- To create complex algorithms
- To understand the concept of AI
- To conduct science experiments
What is the primary consideration for investing in AI?
What is the primary consideration for investing in AI?
- To create a cutting-edge technology
- To provide tangible value to customers (correct)
- To reduce costs
- To stay ahead of the competition
What is the significance of the 'planning horizon' in the ERP system?
What is the significance of the 'planning horizon' in the ERP system?
- It's a timeline for implementing AI
- It's a range of time for which customers can make decisions (correct)
- It's a measure of AI's effectiveness
- It's a type of algorithm used in AI
What is an example of a valuable use case for the ERP system?
What is an example of a valuable use case for the ERP system?
What is the reason for focusing on practical business outcomes?
What is the reason for focusing on practical business outcomes?
How long has the company been in the AI business?
How long has the company been in the AI business?
What is the purpose of the downloadable CHEAT SHEET provided?
What is the purpose of the downloadable CHEAT SHEET provided?
What is the benefit of using Copilot for email writing?
What is the benefit of using Copilot for email writing?
What is the outcome of using AI assistance with the right prompt?
What is the outcome of using AI assistance with the right prompt?
What is the role of AI in the context discussed?
What is the role of AI in the context discussed?
What is the purpose of editing the output generated by Copilot?
What is the purpose of editing the output generated by Copilot?
What is the critical aspect of ERP system with embedded intelligence?
What is the critical aspect of ERP system with embedded intelligence?
What drives the strategy and investment in AI?
What drives the strategy and investment in AI?
What is the significance of understanding inventory allocation?
What is the significance of understanding inventory allocation?
Why is AI considered an expensive endeavor?
Why is AI considered an expensive endeavor?
What is the benefit of delivering tangible value through AI?
What is the benefit of delivering tangible value through AI?
What is the purpose of the 'planning horizon' in the ERP system?
What is the purpose of the 'planning horizon' in the ERP system?
What is the outcome of imbalance between supply and demand orders?
What is the outcome of imbalance between supply and demand orders?
What is the benefit of copying and saving engineered prompts?
What is the benefit of copying and saving engineered prompts?
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Study Notes
ERP System with Embedded Intelligence
- The primary goal of the ERP system is to deliver practical business outcomes that meet customer expectations.
- The system should be able to answer useful questions and provide valuable information to customers within the planning horizon.
- This enables customers to make informed decisions and run their businesses more efficiently.
Key Areas of Focus
- Understanding inventory allocation and identifying imbalances between supply and demand.
- Detecting production line bottlenecks, such as orders outstripping supply or production lines not meeting demand.
Investment in AI
- The business strategy and investment in AI are focused on achieving practical business outcomes.
- Delivering tangible value is crucial, as AI is a costly endeavor.
- Any AI initiatives must be highly focused to justify the investment.
ERP System with Embedded Intelligence
- The ERP system should focus on providing practical business outcomes, not just scientific experiments.
- Customers expect the system to provide useful answers and push information to them within their planning horizon to make informed decisions.
Key Use Cases
- Understanding inventory allocation and imbalance between supply and demand.
- Identifying when orders are outstripping supply or production lines are not producing fast enough.
Business Strategy and Investment in AI
- The strategy is focused on delivering practical business outcomes.
- AI is expensive, so investments must be super focused on delivering tangible value.
Tip for Working with AI
- Create a good prompt and save it for future use to avoid reworking.
- Example: using Copilot to generate an email with a subject line, introduction, main text, and signature placeholders.
Using AI to Save Time
- With the right prompt, AI can save time thinking through what to say.
- While the output may not always be exact, most of the work is taken care of.
- AI can act as an expert to help with tasks such as writing emails or providing step-by-step instructions for cross-referencing spreadsheets.
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