Preeminent AI-powered Supply Chain Decision Intelligence
platform launches new inventory features focused on driving top and
bottom-line revenue for greater profitability and savings
PALO
ALTO, Calif., July 16,
2024 /PRNewswire/ -- ThroughPut.AI., the
Industrial AI Supply Chain Analytics and Decision Intelligence
pioneer as recognized by Gartner, today announced the release of
innovative new capabilities that enable businesses to optimize
stock management and improve profitability through dynamic order
recommendations and the most cost-effective rebalancing of
stock.
The current release enables businesses to minimize the risk of
overstocking and stockouts by leveraging AI insights offered
by inventory projection, predictions and recommendations for the
near, short, and mid-term. Businesses can now automate and optimize
their inventory planning processes across their end-to-end supply
chain networks, allowing them to prioritize resources more
strategically for stronger market competitiveness.
"ThroughPut.AI's latest stock management capabilities provide
businesses with fully transparent visibility and actionability into
their current and future demand, existing inventory levels, and
replenishment and carrying cost improvement opportunities," said
Seth Page, Chief Operations Officer
and Head of Strategic Partnerships and Corporate Development at
ThroughPut.AI. "By leveraging real-time demand and lead time
changes, ThroughPut.AI delivers more accurate order recommendations
while rebalancing stock levels between locations that result in
reduced working capital and carrying costs. Thus businesses can
clearly compare the current dollar impact of conventional
operational decisions versus those of ThroughPut.AI's
AI-driven recommendations. This empowers companies to accurately
and dynamically balance stock to always ensure demand fulfillment,
while maximizing inventory ROI across locations, product lines, and
distribution channels."
With ThroughPut's latest release, demand planners, inventory
managers, and supply chain executives can optimize stock movement
as well as end-to-end supply chain management, right from accepting
and prioritizing orders to fulfilling them – all at the least cost
and risk.
The latest release expands the ThroughPut.AI platform with the
following new capabilities:
- Preventing Supply Disruptions: Prioritize action and
take immediate steps to prevent supply disruptions by proactively
predicting potential stockout situations and highlighting growing
critical inventory shortages. This enables businesses to allocate
resources efficiently to maintain cash flows, inventory turns,
profitability and service continuity, as well as customer
satisfaction levels.
- Dynamic Order Recommendations: Leverage AI-powered,
dynamically optimized order recommendations based on demand sensing
and forecasts, actual lead times, current and predicted inventory
levels, and replenishment strategies. This helps companies to
ensure optimal stock levels without running into either stock-outs
or excessive carrying costs.
- Stock Rebalancing: Analyze inventory levels across
locations and warehouses to identify stock rebalancing
opportunities, strategically optimize inventory utilization, and
minimize excess stock holding. This helps businesses to accelerate
operational efficiency and reduce carrying cost.
- Supplier Collaboration Tools: Gain full visibility into
demand sensing and forecasts, true inventory levels, and current
order statuses. This enables companies to ensure seamless supplier
collaboration and enable more effective and efficient supply chain
management.
- Dynamic Replenishment Recommendations: Intelligently
adjust inventory levels to accommodate fluctuations in true demand,
actual lead times, and embedded supplier constraints. This helps
organizations to eliminate the need for manual reorder points and
fixed order quantities.
- Seasonal Demand Planning: Dynamically adapt to seasonal
variations in demand, as well as other external influences and
unplanned circumstances, to better prepare for peak periods. This
enables companies to prevent stockouts during high-demand seasons
and times of otherwise unforeseen volatility.
PR Contact
Tina Jacobs
pr@throughput.ai
About ThroughPut.ai
ThroughPut.ai is a Silicon Valley-based supply chain
optimization & predictive replenishment company. The company's
software AI platform has the ability to identify location-,
product-, and customer-based demand changes sooner in order to
adjust order frequencies, vendor sources, and parts buffer levels
at a global and local scale. ThroughPut's platform was designed by
Fortune 500 & technology executives with real-world experience
managing demand & supply chain disruptions and war-zone
logistics across the Middle
East.
To learn more about ThroughPut Inc,
visit our website today.
Additional Resources:
- For more information about ThroughPut, visit ThroughPut
Resource Library
- Read the ThroughPut Blog and access
latest ThroughPut Press Coverage
View original
content:https://www.prnewswire.com/news-releases/throughputai-releases-new-inventory-management-capabilities-to-further-increase-revenues-optimize-costs-boost-profitability-grow-customer-satisfaction-and-advance-market-competitiveness-302198328.html
SOURCE ThroughPut Inc.