Top 10 companies utilising AI to support the supply chain
The application of artificial intelligence (AI) technologies in supply chain operations are becoming increasingly important as businesses across the world have to respond to disruptions caused by a multitude of different things such as the coronavirus pandemic.
In response to this, companies are turning to AI technology as, amongst other benefits, it can solve the complexities of running a global logistics network. AI can also automate simple jobs typically done by humans, forecast demand and reduce lead times and transportation expenses.
Uptake help companies translate underutilised data into insights that make for smart industrial operations. With AI and machine learning (ML), Uptake analyses data for telematics with the goal of predicting failure in order to reduce downtime for a variety of vehicles and machinery, including trucks, cars, railcars, combines and planes.
By building and designing AI-powered robots, Symbotic looks to provide flexible manual or fully automated solutions based on a company’s products, operational flow and customer needs to strengthen their supply chain. The company’s next-generation technology reimagines warehouse automation tools combining hardware and software to substantially improve warehouse and supply chain efficiency and reduce costs.
Through AI and ML, DataArt helps its clients improve operational efficiency, predict shopping behaviour and engage consumers. On top of this, the company offers real-time analysis of supply chain data as well as the synchronisation of logistics processes. The DataArt team is comprised of highly-trained engineers with deep industry sector knowledge to help clients create custom software that improves operations and opens new markets.
With a cloud platform that allows customers to manage all transactions across procurement, payments and supply chain, Coupa is transforming the way businesses manage their spending. By utilising AI, Coupa allows businesses to revisit and adapt their supply chain models as needed to make better decisions with the right balance of profitability, service, risk, and sustainability.
Alloy.ai uses AI to bridge the gap between planning and execution for supply chain solutions. The company offers a sales and supply chain platform with a real-time control tower for manufacturers. With its solution, Alloy.ai connects sell-through data from retail and ecommerce with internal inventory and supply chain data, enabling customers to plan better and execute those plans faster. It also provides real-time plan adjustments, real-time inventory management, collaborative inventory management, and executive overview.
Manufacturers that use C3.ai’s AI-powered inventory optimisation solution are able to manage inventory levels in real-time across purchase parts, components and finished goods. The solution enables global manufacturers to rapidly integrate data from a variety of sources, including internal enterprise applications, sensor networks, operational systems, and exogenous third-party data to power AI models. By using AI and ML algorithms, C3’s system continually learns from data culled from production orders, purchase orders and supplier deliveries to glean stocking recommendations.
Popular within the supply chain and logistics industry, H2O.ai helps to empower teams to scale machine learning and artificial intelligence efforts with high-speed inaccurate predictive models. Its solution helps organisations find the best mix across the supply chain while reducing costs and increasing production speed. With AI, H2O.ai offers stock level predictions, demand forecasting and returns forecasting.
03: Echo Global Logistics
Working in transportation management, Echo Global Logistics uses AI to provide supply chain solutions that optimise transportation and logistics needs so customers can ship their goods quickly, securely and cost-effectively. Its technology is quickly adaptable, highly scalable, and uniquely easy to use for clients, partners, and vendors. With its efficiently integrated portals, Echo ensure better data collection and transmission, seamless communication, comprehensive reporting, and real-time visibility.
With its solutions, Infor delivers intelligent and real-time supply chain orchestration by digitalising end-to-end supply chain processes, allowing companies to gain real-time visibility that empowers data-driven decisions and optimal delivery to customers on time. The company empowers its 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges.
HAVI utilities AI to offer multiple solutions in supply chain management and logistics with predictive analytics. With operational excellence combined with digital analytics, HAVI helps its customers manage their supply chain, collect or analyse data, enhance planning, improve decision making, streamline routine tasks and speed communications. HAVI builds resilience into its customers’ supply chains and look to create pathways to greener supply chains for a more sustainable future.