The automation of short-term tactical planning allows planning and management teams to focus more on long-term strategic planning. AI technologies enable companies to perform "what if" simulations to determine the impact of different factors on their supply chain and delivery timelines. The article concludes that AI can positively impact business planning processes and provide opportunities for a company's workforce to collaborate more efficiently on strategic decisions.
Key takeaways:
- AI technology is unlikely to replace most professions outright, but it will likely shift affected roles to focus on strategic and value-driven responsibilities while AI handles rote daily tasks.
- AI platforms are equipped to collect volumes of data and “connect the dots” to understand and oversee the myriad of demand drivers that could fluctuate in the near term and automate the demand forecasting process.
- When short-term tactical planning becomes more automated, planning and management teams can focus more on mid- to long-term scenarios that can help drive the business forward.
- AI technologies also allow companies to rapidly perform “what if” simulations to determine how different factors will impact their supply chain and delivery timelines, which can add millions to a company’s bottom line.