Throughput.ai Launches AI-Powered Inventory Management Solution to Optimize Working Capital
2 Sources
2 Sources
[1]
ThroughPut.AI Unveils AI-powered Inventory Management Capabilities to Free-up Working Capital, Grow Revenue, and Expand Margins
Revolutionary AI-based Supply Chain Decision Intelligence platform launches new inventory capabilities to identify and quantify working capital savings, while predicting and recommending opportunities to accelerate revenue and profitability PALO ALTO, Calif., Aug. 12, 2024 /PRNewswire/ -- ThroughPut Inc., the Gartner-recognized Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory management capabilities that empower businesses to drive higher profitability through powerful working capital spend projections, real-time inventory predictions, and dynamic rebalancing and replenishment recommendations. The current release enables advanced visibility and actionability for businesses to manage their inventory and material movements across all their SKU's, customers, locations, and supply chain end-points. As a result, they can increase inventory turns, ensure rapid availability of fast-moving products, and reduce safety stock and carrying costs. With these new capabilities, businesses now have the unprecedented availability to unlock capital, improve operational efficiencies, and boost margins. By leveraging ThroughPut's patented, award-winning AI and Machine Learning supply chain decision intelligence platform on top of their existing diverse data systems, organizations of all types can rapidly pinpoint where capital allocation is insufficient, predict outcomes, and make recommendations enabling them to accelerate goods movement, revenue, and margins. "ThroughPut.AI's enhanced working capital management capabilities show our customers where their excess working capital lies, where their operations are underfunded, and projects how these gaps should best be optimized," explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut.AI. "With advanced AI algorithms optimizing operations for financial analytics, insights, decision intelligence, and recommendations, we enable organizations to plan the best scenario for inventory spend down to the per SKU, per route, per location, per source, levels, so that they may cater to true demand at all times, whether sudden, seasonal, cyclical, or previously "unpredictable." You can better analyze, predict and prepare for all these situations and many more by leveraging your existing diverse data systems with operational AI to achieve greater financial results." The new release focuses strongly on the following capabilities: Projecting Working Capital Spend Optimization: Leverage powerful algorithms to identify when and where capital is unnecessarily tied-up, or where it needs to be supplemented to optimize flow of goods, cash, and profits.Reducing Spend and Identifying Savings Opportunities: Identify specific SKUs on which spend can be safely reduced to enhance cost savings without compromising on product quality or service levels.AI-powered Predictive Analytics: Get actionable insights, predictions and recommendations - on everything from inventory turnover rates to potential stockouts - to make proactive informed decisions that optimize inventory performance.Advanced Demand Sensing: Move beyond traditional demand forecasting with stale assumptions and old data, and enable more accurate dynamic demand sensing to rapidly respond to shifts in market trends and customer priorities. With ThroughPut's latest release, businesses can rapidly segment their product portfolios, identify their best and worst performing products, adapt their product mix to prioritize fast-moving goods with higher contribution margins, and ensure the greater flow of goods, material, and cash. PR Contact Tina Jacobs [email protected] About ThroughPut Inc ThroughPut.AI is a Silicon Valley-based Supply Chain AI-powered Decision Intelligence leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies. To learn more about ThroughPut Inc, visit our website today. Additional Resources: For more information about ThroughPut, visit ThroughPut Resource LibraryRead the ThroughPut Blog and access latest ThroughPut Press Coverage View original content to download multimedia:https://www.prnewswire.com/news-releases/throughputai-unveils-ai-powered-inventory-management-capabilities-to-free-up-working-capital-grow-revenue-and-expand-margins-302219964.html SOURCE ThroughPut Inc. Market News and Data brought to you by Benzinga APIs
[2]
ThroughPut.AI Unveils AI-powered Inventory Management Capabilities to Free-up Working Capital, Grow Revenue, and Expand Margins | Taiwan News | Aug. 13, 2024 00:15
Revolutionary AI-based Supply Chain Decision Intelligence platform launches new inventory capabilities to identify and quantify working capital savings, while predicting and recommending opportunities to accelerate revenue and profitability PALO ALTO, Calif., Aug. 13, 2024 /PRNewswire/ -- ThroughPut Inc., the Gartner-recognized Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory management capabilities that empower businesses to drive higher profitability through powerful working capital spend projections, real-time inventory predictions, and dynamic rebalancing and replenishment recommendations. The current release enables advanced visibility and actionability for businesses to manage their inventory and material movements across all their SKU's, customers, locations, and supply chain end-points. As a result, they can increase inventory turns, ensure rapid availability of fast-moving products, and reduce safety stock and carrying costs. With these new capabilities, businesses now have the unprecedented availability to unlock capital, improve operational efficiencies, and boost margins. By leveraging ThroughPut's patented, award-winning AI and Machine Learning supply chain decision intelligence platform on top of their existing diverse data systems, organizations of all types can rapidly pinpoint where capital allocation is insufficient, predict outcomes, and make recommendations enabling them to accelerate goods movement, revenue, and margins. "ThroughPut.AI's enhanced working capital management capabilities show our customers where their excess working capital lies, where their operations are underfunded, and projects how these gaps should best be optimized," explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut.AI. "With advanced AI algorithms optimizing operations for financial analytics, insights, decision intelligence, and recommendations, we enable organizations to plan the best scenario for inventory spend down to the per SKU, per route, per location, per source, levels, so that they may cater to true demand at all times, whether sudden, seasonal, cyclical, or previously "unpredictable." You can better analyze, predict and prepare for all these situations and many more by leveraging your existing diverse data systems with operational AI to achieve greater financial results." The new release focuses strongly on the following capabilities: Projecting Working Capital Spend Optimization: Leverage powerful algorithms to identify when and where capital is unnecessarily tied-up, or where it needs to be supplemented to optimize flow of goods, cash, and profits. Reducing Spend and Identifying Savings Opportunities: Identify specific SKUs on which spend can be safely reduced to enhance cost savings without compromising on product quality or service levels. AI-powered Predictive Analytics: Get actionable insights, predictions and recommendations - on everything from inventory turnover rates to potential stockouts - to make proactive informed decisions that optimize inventory performance. Advanced Demand Sensing: Move beyond traditional demand forecasting with stale assumptions and old data, and enable more accurate dynamic demand sensing to rapidly respond to shifts in market trends and customer priorities. With ThroughPut's latest release, businesses can rapidly segment their product portfolios, identify their best and worst performing products, adapt their product mix to prioritize fast-moving goods with higher contribution margins, and ensure the greater flow of goods, material, and cash. PR Contact Tina Jacobs [email protected] About ThroughPut Inc ThroughPut.AI is a Silicon Valley-based Supply Chain AI-powered Decision Intelligence leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies. 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
Share
Copy Link
Throughput.ai introduces advanced AI capabilities for inventory management, aiming to help businesses free up working capital and boost revenue. The solution promises to revolutionize supply chain operations through intelligent forecasting and optimization.
AI-Driven Inventory Management Revolution
Throughput.ai, a leading provider of AI-powered supply chain solutions, has unveiled a groundbreaking inventory management system designed to transform how businesses handle their stock and working capital. The new capabilities, announced recently, promise to leverage artificial intelligence to optimize inventory levels, potentially freeing up billions in working capital for companies across various industries 1.
Key Features and Benefits
The AI-powered system offers several innovative features:
- Intelligent Forecasting: Utilizes machine learning algorithms to predict demand more accurately, reducing overstock and stockouts.
- Dynamic Optimization: Continuously adjusts inventory levels based on real-time data and market conditions.
- Working Capital Liberation: By optimizing inventory, businesses can free up capital tied up in excess stock.
- Revenue Growth: Improved stock management leads to better product availability and increased sales opportunities.
Industry Impact and Adoption
The solution has already garnered attention from major players in the retail and manufacturing sectors. Early adopters have reported significant improvements in their operations, with some achieving up to 30% reduction in inventory costs while maintaining or improving service levels 2.
Technology Behind the Solution
Throughput.ai's system employs advanced machine learning models and big data analytics to process vast amounts of historical and real-time data. This includes:
- Sales trends
- Seasonal fluctuations
- Supply chain disruptions
- Economic indicators
By analyzing these factors, the AI can make highly accurate predictions and recommendations for inventory management.
Addressing Supply Chain Challenges
In the wake of recent global supply chain disruptions, this technology arrives at a crucial time. Many businesses have struggled with inventory imbalances, leading to either costly overstocking or revenue-damaging stockouts. Throughput.ai's solution aims to provide a more resilient and adaptive approach to these challenges 1.
Future Prospects and Industry Outlook
As AI continues to evolve, experts predict that such intelligent inventory management systems will become increasingly prevalent across various industries. The potential for significant cost savings and operational efficiencies makes this technology particularly attractive to businesses looking to gain a competitive edge in today's fast-paced market environment 2.
Implementation and Integration
Throughput.ai emphasizes the ease of integration of their new system with existing enterprise resource planning (ERP) and warehouse management systems (WMS). This compatibility ensures that businesses can adopt the AI-powered solution without overhauling their entire IT infrastructure, making it an attractive option for companies of all sizes 1.
Summarized by
Navi
Netflix Pioneers Use of Generative AI in Original Content Production
Netflix has incorporated generative AI technology in its original series "El Eternauta," marking a significant shift in content production methods for the streaming giant.
23 Sources
Technology
15 hrs ago
23 Sources
Technology
15 hrs ago
Meta Refuses to Sign EU's AI Code of Practice, Citing Overreach and Innovation Concerns
Meta declines to sign the European Union's voluntary AI code of practice, calling it an overreach that could stifle innovation and economic growth in Europe. The decision highlights growing tensions between tech giants and EU regulators over AI governance.
13 Sources
Policy and Regulation
15 hrs ago
13 Sources
Policy and Regulation
15 hrs ago
OpenAI Advisory Board Recommends Continued Nonprofit Oversight for AI Development
An advisory board convened by OpenAI recommends that the company should continue to be controlled by a nonprofit, emphasizing the need for democratic participation in AI development and governance.
6 Sources
Policy and Regulation
15 hrs ago
6 Sources
Policy and Regulation
15 hrs ago
Perplexity AI Surges in India, Challenging ChatGPT's Dominance
Perplexity AI partners with Airtel to offer free Pro subscriptions, leading to a significant increase in downloads and user base in India, potentially reshaping the AI search landscape.
5 Sources
Technology
15 hrs ago
5 Sources
Technology
15 hrs ago
Perplexity AI Secures $100 Million Funding, Reaching $18 Billion Valuation
Perplexity AI, an AI-powered search engine startup, has raised $100 million in a new funding round, valuing the company at $18 billion. This development highlights the growing investor interest in AI startups and Perplexity's potential to challenge Google's dominance in internet search.
4 Sources
Startups
15 hrs ago
4 Sources
Startups
15 hrs ago
Your Daily Dose of Curated AI News
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.
