Remove Operational Costs Remove Resource Optimizing Remove Sourcing Remove Supply Chain Management
article thumbnail

Cyber-Physical Systems (CPS) & what they have to do with IoT

Vilmate

Resource optimization and management AI is harnessed to optimize CPS operations and efficiently manage resources. For instance, in industrial settings, AI can govern production processes to maximize efficiency while minimizing costs.

article thumbnail

The advantages and disadvantages of ERP systems

IBM Services

This expanded collaboration can increase decision-making, while being a single source of truth for all data entry. ERP applications, such as procurement, supply chain management, inventory and project management, are all separate applications offered under ERP.