Leading AI-powered Supply Chain Decision Intelligence and
Analytics platform releases advanced parts management capabilities
aimed at automating inventory replenishment for mission-critical
Maintenance, Repair and Operations (MRO) of parts and kits to drive
healthier cash flow
PALO
ALTO, Calif., Sept. 11,
2024 /PRNewswire/ -- ThroughPut Inc., the Industrial
AI Supply Chain Analytics and Decision Intelligence pioneer as
recognized by Gartner, today announced the release of innovative
capabilities that enable businesses to strike the perfect balance
between supply and demand of material and unlock value across
business operations.
With this release, businesses will be able to proactively
prevent inventory failure due to overstocking or understocking of
spare parts and kits by identifying opportunities to cancel
unnecessary planned orders, directly ship to inventory staging
locations, and move existing spare stock faster internally.
The advanced inventory flow management technology will help
holistically optimize supply chain processes – from existing
suppliers to individual workshops, improve asset availability while
at the same time dynamically balancing inventories to reduce
material waste and unnecessary spend.
"ThroughPut.AI's latest predictive parts management capabilities
provide businesses with unprecedented actionability based on
real-time inventory data in combination with AI-based predictions
for maintenance requirements and prioritization recommendations
aimed at optimizing asset usage and lead times," said Seth Page, Chief Operations Officer and Head of
Corporate Development at ThroughPut.AI. "This represents a
significant leap forward in our predictive replenishment and parts
management capabilities as we can empower our customers to get the
right parts with kits to the right place at the right price and
time – eliminating costly downtime, lost sales, and sub-par
productivity. By leveraging real-time data regarding maintenance
requirements and supply lead times, ThroughPut.AI delivers precise
recommendations for safety stock levels and replenishment of
individual parts and related kits."
Some of the key capabilities in the new release include:
- AI-powered prediction of parts requirements, which
minimizes production risk by anticipating asset failure and
automatically ordering necessary parts in advance – thus avoiding
downtime and surplus inventory, while enhancing overall operational
efficiency.
- Categorization and prioritization of parts based on
actual usage (critical vs standard) and recommending when, how and
who to order from for the best lead-times, prices and service.
- Working capital spend reduction by identifying
opportunities to optimize procurement, while at the same time
dynamically ensuring parts readiness.
- Intelligent decision support for maintenance scheduling
based on real-time data and supply lead times at the local and
end-point levels.
- Supplier ranking based on their ability to fulfill
requirements for the best right place, time, price and service
levels.
- Dynamic Smart recommendations for safety stock levels
and replenishment at the individual part and kit level.
PR Contact
Tina Jacobs
pr@throughput.ai
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.AI, 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
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SOURCE ThroughPut Inc.