Large businesses are no strangers to the benefit of continuous improvement over their supply chain, lean production, and optimized operational decisions that range from budgeting to inventory, risk, and HR management. SMEs, especially startups, do not have the resources to hire consultants, subscribe to expensive enterprise resources planning software, or the time to find the best solution before action. This creates an opportunity cost to both the survival of SMEs and their profit. To help SMEs get tailored decision support at an affordable cost, SME-RT will use AI similar to chatGPT to identify the problem SME is facing and select the best solutions utilizing an arsenal of functional modules to prescribe important decisions for the business; completing the work cycle of an enterprise level consulting work within hours of interaction with SME-RT.
IdeaBounce® is a registered trademark of Washington University’s Skandalaris Center and has been made available to university and community partners that are working to expand entrepreneurship and inclusivity in innovation for everyone. IdeaBounce® is a platform for sharing ideas at all stages and a network of users that want to support each other and the entrepreneurial ambitions of our community members.