- ThroughPut.AI introduces advanced inventory projection capabilities to mitigate risks of overstocking and stockouts.
- Leveraging AI and ML algorithms, ThroughPut provides real-time insights into supply chain risks, enabling proactive decision-making.
- The new tools allow for dynamic adjustments to vendor lead time predictions, optimizing inventory levels and mitigating disruptions.
- Customizable views and alerts empower users to tailor insights to specific needs, highlighting potential risks and recommended actions.
- Key features include Inventory State Distribution Summary, Lead Time Breakdown, and Target Service Level calculations.
Main AI News:
ThroughPut Inc., a trailblazer in Industrial AI Supply Chain Analytics and Decision Intelligence, has unveiled cutting-edge inventory projection capabilities designed to revolutionize inventory management. These new tools empower businesses to anticipate and address potential inventory imbalances, minimizing the risks associated with overstocking and stockouts while optimizing supply chain operations.
Leveraging proprietary AI and ML algorithms, ThroughPut delivers real-time insights into supply chain risks, enabling proactive decision-making to prevent costly disruptions. By automatically adjusting vendor lead time predictions based on these insights, supply chain managers can fine-tune planning models to mitigate the risks of stockouts and surplus inventory, ensuring smooth operations and optimal inventory levels.
“With ThroughPut’s latest capabilities, companies can bid farewell to outdated spreadsheets and manual processes, embracing dynamic inventories that save time, resources and drive greater cash flow,” explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut Inc. “Our solution provides transparent visibility into projected stock levels and associated risks, empowering organizations to make informed decisions that enhance working capital efficiency and maintain a seamless inventory flow, regardless of market volatility.”
Through customizable views and alerts, demand planners, inventory managers, and supply chain professionals can tailor insights to their specific needs, highlighting potential risks, impacted locations, and recommended actions to mitigate issues. Additionally, the new Inventory Projection capabilities offer a range of features aimed at optimizing inventory management:
- Inventory State Distribution Summary: Provides businesses with a comprehensive overview of SKU distribution on any given date, facilitating demand planning and forecasting for future periods.
- Lead Time Breakdown: Offers a detailed timeline view of replenishment lead times, allowing for in-depth analysis and scenario planning to identify and address delays.
- Target Service Level: Automatically calculates and displays target service levels for each SKU, enabling businesses to align performance with customer expectations.
ThroughPut’s innovative solutions empower businesses worldwide to navigate volatile market conditions and drive sustainable growth by minimizing supply chain variability. By harnessing the power of AI and data-driven insights, ThroughPut equips organizations with the tools they need to optimize operations, enhance customer experiences, and achieve long-term success.
Conclusion:
ThroughPut.AI’s innovative inventory forecasting solutions represent a significant advancement in supply chain management. By leveraging AI technology to predict and mitigate inventory risks, businesses can optimize operations, enhance efficiency, and maintain a seamless inventory flow, ultimately gaining a competitive edge in today’s dynamic market environment.
