Powerful supply chain AI software enables enterprise data to automate demand detection to eliminate supply chain blind spots, increase operational productivity, increase inventory turnover and unlock greater financial savings
PALO ALTO, California, October 2, 2021 / PRNewswire / – ThroughPut Inc., the industrial AI supply chain pioneer, today announced several platform updates for its new high-impact Demand Sensing software module. These new capabilities will help demand planners, S&OP professionals and supply chain managers quickly unleash existing manufacturing capacity, gain additional throughput potential, create tangible productivity gains, and increase production capacity. financial impact in a context of growing uncertainty of supply and demand.
The unprecedented challenges laid bare by the COVID-19 pandemic have prompted companies to move from solutions legacy of yesterday’s status quo to a new generation of data-driven system solutions and to reorganize their chain dynamics. procurement to better prepare for the future and consolidate their competitiveness. market advantages. According to Gartner, more than 70% supply chains around the world have been significantly affected as a result of COVID-19. Typical challenges of producing reliable forecasts include siled and manual analysis on hundreds of thousands of SKUs to discover and optimize product line performance for short-term, seasonal, cyclical and evolutionary trends.
The world-renowned expert in stress theory and Flow saving Author Eli Schrangenheim explained, âThe shocks of the COVID-19 pandemic have been manifold – from ups and downs in demand to choking supply chain capacity to creating prolonged delays throughout the supply cycle. ThroughPut’s demand sensing solution, coupled with a deep understanding of operational flow, can quickly enable businesses to build resilience to future demand and supply chain shocks in the post-covid world. ”
As businesses slowly return to the ‘new normal’, world leaders have started to work on reorienting their operations to respond with greater agility to uncertain demand, unforeseen market changes and emerging trends. of the sector. Demand planners and S&OP teams need to create a more accurate picture of their actual demand to assess lost sales opportunities and uncover new, actionable information to reclaim and expand their markets in the future.
âAs the pandemic enters its second year, companies are working to more accurately forecast lead times and inventory levels. Supply chain leaders can leverage AI on their historical and current data to re-optimize existing capacity, while effectively prioritizing meeting demand by using more frequently – generated, recent and real-time data “, has explained Ali raza, CEO of ThroughPut Inc. âWithout disrupting ongoing digital implementations or removing legacy systems, ThroughPut provides an essential solution to rebalance the entire end-to-end supply chain flow on a single platform that integrates data stores in existing silos, systems and warehouses. The ThroughPut demand sensing module provides the ‘true north’ that supply chains must fill. ”
Flow demand detection
The ThroughPut demand sensing module provides demand planners with critical business intelligence for holistic and accurate demand planning by minimizing silos and bottlenecks between demand and supply teams. ThroughPut’s AI automatically connects existing data that captures demand, capacity, and supply behaviors, automating improvements in inventory turns and free cash flow. Operational improvements are now visible within days with ThroughPut’s supply chain AI and are efficiently transmitted via autopilot to the right decision-making teams.
Key updates to ThroughPut’s Supply Chain AI Demand Sensing module include:
- Demand planners can now quickly explore hidden demand patterns and trends to create Responsive and agile supply chains to meet short-term demand. Using ThroughPut’s proprietary AI, demand planners can:
- Quickly identify, analyze and understand disruptions in the supply chain that have resulted in significant sales losses compared to areas where the impact of poor performance has had minimal losses
- Get prioritized recommendations based on time and effort for the most meaningful ROI
- Receive timely warning signals about parts of the supply chain ecosystem that require your attention and can potentially be affected by sudden changes in behavior caused by supply, demand, operations or changes. delivery performance.
- Product mix optimization powered by AI supplies ABC | XYZ segmentation of salable products as well as monthly monitoring of product line and sales / contribution margins to identify products at risk. These critical recommendations prompt demand planners to create a truly demand-driven inventory strategy, thereby avoiding over-stocking and under-stocking the best performing products versus the poorest performing laggards.
- SKU health from the point of view of demand stability provides a detailed overview of salable products by SKU / POS location, highlights top performing and worst performing SKUs, and focuses on key performance metrics including On-Time and In-Full (OTIF) and On -Shelf-Availability (OSA) per segment. This allows businesses to prioritize improvement efforts based on the actual impact on sales throughput.
- Better collaboration leads to greater forecast accuracy and enables companies to create an integrated, demand-driven, systemic supply chain plan. This helps to strengthen cross-functional alignment and partnership between different stakeholders for teams such as marketing, finance, planning, and sales to enable more efficient demand planning.
- Iidentify opportunities for reducing working capital with 360-degree views of demand plans on material cost and selling price changes to make informed product line decisions.
Â· Presentation of the ThroughPut demand detection solution
Â· ThroughPut Demand Sensing Datasheet
About ThroughPut Inc:
ThroughPut.ai is a Silicon Valley-based supply chain AI startup that puts the flow of industrial materials on autopilot by leveraging existing business data. ThroughPut’s AI software predicts demand, reallocates production capacity, reallocates warehouse space, and reorganizes materials optimally, so companies minimize over-promises and under-deliveries. Using ThroughPut’s “super-connector” software that leverages existing data architectures, ThroughPut improves material flow and free cash flow across the entire end-to-end value chain more than 5x faster than the main contemporary solutions. The founding team is led by seasoned serial entrepreneurs with real experience in AI, supply chain, manufacturing, transportation and operations, from the workshop to the top floor, in leading industrial Fortune 500 companies and pioneering enterprise technology companies.
To learn more about ThroughPut Inc, visit www.throughput.ai
SOURCE ThroughPut Inc.