The holy grail of operations is to automate everything.
The holy grail recipe:
Have all data in one place as a single source of truth
Have a rules engine to make decisions from that data
Accurate accounting to help make financial decisions
Accurate profitability to pick the most profitable product to invest in
This is the power of having a centralized hub for operations.
sku.io continuously iterates the reduction of your operational costs
AI for product sourcing. Automatically contact suppliers based on what products will be profitable
An automated way to get product data from new supplier sources to sales channel listings with little human intervention
Make automated purchasing decisions based on IRR (Internal Rate of Return) to fully maximize cash flow
You can see the possibilities that a well-designed operations platform can bring.
With Artificial Intelligence, making money becomes an arms race of who has the best data and the AI bots that can use them. Online selling may be transformed into people operating money-making machines that are constantly being tweaked and engineered for maximum profits.