Logility | September 25, 2023
Logility, Inc., a leader in prescriptive supply chain planning solutions, has recently made a significant move by entering into a definitive agreement to acquire Garvis, an innovative SaaS startup. This strategic agreement, finalized earlier this month, combines the strengths of both companies to introduce a groundbreaking supply chain planning concept, DemandAI+. The industry is set to shift from traditional demand and inventory planning methods towards a faster, more responsive approach with DemandAI+.
Piet Buyck, CEO, Garvis, mentioned,
Our clients have realized epic results by using AI-driven algorithms and natural language interfaces to gain insights into the peaks and troughs of demand and quickly communicate that knowledge to the rest of the organization.
[Source – Business Wire]
The results had included a 70% reduction in weekly planning time, a 15-30% decrease in forecast error, and enhanced inventory management, all achieved with remarkably swift implementation times, added Piet.
The forward-looking solution seamlessly merges Generative AI with machine learning algorithms, revolutionizing the planning landscape. Planners, executives, and non-planners can now obtain real-time answers to unanticipated questions, facilitating transparency and enabling more informed decision-making while drastically reducing planning time. This strategic alignment positions Logility and Garvis as pioneers in the evolution of supply chain planning, with DemandAI+ as a powerful tool for businesses seeking to stay agile and competitive in today's dynamic market.
Integrating DemandAI+ into the Logility Digital Supply Chain Platform is pivotal in planning supply. The acquisition is anticipated to yield substantial benefits, with accretive results expected within 12 months. It solidifies Logility's position as a trailblazer in supply chain planning by harnessing the power of Generative AI, advanced AI-driven algorithms, and machine learning. This comprehensive approach encompasses everything from base demand to promotional lift, causal forecasts, external data, and user insights within a single solution, elevating forecast accuracy and ensuring organizations are well-aligned in today's ever-changing market landscape.
With a track record of success in over 70 implementations, clients have experienced the transformative power of DemandAI+ in translating buying behavior, market dynamics, and various events into precise forecasts across products, locations, and customer segments. DemandAI+ empowers companies to respond swiftly to changing conditions, ultimately enhancing forecast accuracy and service levels, even for products with high promotion, strong seasonality, or intermittent demand patterns.
Logility, Inc., a digital sustainable supply chain company, empowers businesses to capitalize on emerging opportunities, swiftly adapt to shifting market dynamics, and enhance the profitability of their intricate global operations. The Logility Digital Supply Chain Platform represents a fusion of cutting-edge artificial intelligence and advanced analytics, facilitating the automation of planning processes, expediting cycle times, heightening precision, optimizing operational efficiency, dissolving organizational silos, and delivering unparalleled transparency. In addition, this SaaS-based platform revolutionizes an array of critical functions, including S&OP, integrated business planning (IBP), demand, inventory, and replenishment planning, global sourcing, quality and compliance management, product life cycle management, supply and inventory optimization, manufacturing planning and scheduling, and retail merchandise planning, assortment, and allocation.
FourKites | September 20, 2023
FourKites, a leading supply chain visibility provider, has introduced a groundbreaking innovation in Fin AI, a natural language interface poised to transform supply chain management. This revolutionary technology empowers customers to unearth hidden insights, optimize operations, and streamline time-consuming tasks, such as event impact assessment across their shipment network. By harnessing the extensive supply chain data network, Fin AI significantly shifts from reactive to proactive decision-making, offering automated supply chain orchestration at scale.
Mathew Joseph Elenjickal, Founder and CEO of FourKites, said,
“FourKites is proud to be building at the leading edge of supply chain data and AI.”
[Source – Business Wire]
The company provides customers with a more comprehensive range of actionable insights across supply chains with Fin AI. Mathew added that this would empower the company to concentrate on the information and decisions and drive businesses forward. Additionally, over time, automation through Fin AI would serve as a direct extension of the capabilities of those who used it.
Supply chain managers face the challenge of navigating complex data silos and managing tasks efficiently. FourKites recognizes these hurdles and responds with Fin AI, designed to empower professionals with actionable insights, event impact assessments, and the ability to address tracking issues promptly. Leveraging generative artificial intelligence, this innovation paves the way for a paradigm shift in supply chain data exploration and decision-making. Focusing on real-time, data-driven choices, FourKites positions Fin AI as a transformative solution to industry challenges.
Fin AI's natural language interface, built on an industry-leading language model, draws on FourKites' extensive data network to provide users with the tools to:
Assess the impact of disruptive events on supply chain, allows to identify affected shipments and take remedial actions swiftly.
Diagnose tracking issues efficiently, enhancing visibility across their network.
Access product guidance spanning FourKites' suite and distill the most relevant insights into concise, actionable sentences.
FourKites combines powerful machine learning and real-time data to help companies digitize their end-to-end supply chains. More than 1,200 of the world's most recognized brands — 9 of the top-10 CPGs and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more efficient, agile and sustainable supply chains.
FourKites, a globally acclaimed supply chain visibility platform, has set a new logistics and supply chain management standard. With a commitment to extending visibility throughout the entire supply chain, FourKites goes beyond mere transportation, encompassing yards, warehouses, stores, and beyond. This cutting-edge platform offers unparalleled insights, tracking over 3 million shipments daily and reaching over 200 countries and territories. FourKites leverages real-time data and advanced machine learning to empower businesses to digitally transform their end-to-end supply chains.
project44 | September 07, 2023
project44, a leading end-to-end supply chain visibility platform, has announced that Yamaha Corporation, a leading musical instrument manufacturer and audio equipment maker, deploys project44's Ocean Visibility and Port Intel solutions. This installation will improve global shipment visibility, optimize transportation control and strengthen supply chain resilience.
Yamaha selected project44's Ocean Visibility and Port Intel solutions due to its ability to provide global shipment status visualization, highly accurate estimated time of arrival (ETA) data, and facilitate more informed and timely decisions and actions. The company ships nearly 15,000 containers to ports around the globe annually. In addition, Yamaha's supply chain resiliency initiative comprehensively evaluated solutions to enhance transportation control between its production factories and distributors.
Yuji Kuwahara, project44's General Manager and VP of Sales (Japan) said,
The supply chain disruptions over the past few years have given shippers an opportunity to reconsider the importance of flexibility in their logistics strategy and operation.
[Source – Cision PR Newswire]
project44's supply chain visibility platform dramatically improves data quality and visibility across all associated teams. Yuji added, the company believes that project44 will help Yamaha with collaborative planning and exception management, resulting in more satisfied Yamaha customers.
Cleo | September 27, 2023
Cleo, the pioneer and global leader of the Ecosystem Integration software category and provider of the Cleo Integration Cloud (CIC) platform, today announced availability of multiple new platform innovations designed to help organizations optimize supply chain execution through improved control, automation, and visibility of integrations between their ecosystem and their back-office systems.
Cleo President and CEO Mahesh Rajasekharan said, “We’re charting a clear path to frictionless, intelligence-driven ecosystem integration, which will be a cornerstone of our customers’ ability to optimize supply chain execution. CIC 2023 will empower organizations with the insights they need to make better decisions and improve their ecosystem relationships. Our promise to our customers and the market is simple and straightforward: We will continue to push the innovation envelope, with the goal of providing more control to supply chain executives through real-time visibility, automation, AI, and orchestration solutions.”
Cleo’s CIC 2023 platform is the company’s most powerful platform release to date and includes multiple enhancements and new functionality to support the design, operation, and management of these ecosystem integrations, including:
Improved integration design and deployment capabilities for increased velocity in time to value
Enhancements to all Accelerators, which are pre-built, out-of-the-box Order-to-Cash, Procure-to-Pay, Grocery, and Warehousing integrations for automating X12 EDI transactions between a company’s trading partner ecosystem straight into core business applications like Microsoft Dynamics 365 SCM and BC, Oracle NetSuite, SAP S/4HANA Cloud, Shopify, and Amazon Seller Central among others.
Ease-of-use updates to several connectors including eBay, Shopify, and Amazon to rapidly build ecosystem integrations.
Portfolio expansion for infrastructure and business connectivity with new and enhanced connectors including Amazon, Shopify, Microsoft SharePoint, Google Cloud Storage, and RosettaNet Implementation Framework (RNIF).
Increased visibility and control to improve supply chain operations
Launched a workload prioritization solution that allows organizations to put business priority first through granular control over business-critical and time-sensitive transactions (by document type or trading partner) that ensure key customer commitments are never missed.
Enabled stronger, more informed, and more confident decision-making through flexibly customizable reporting timeframes which promote tighter alignment between reporting needs and business operations
Released advanced message search capability to discover messages faster. Enables operations to improve customer experience during troubleshooting and monitoring of ecosystem transactions.
Enhanced exception management for faster issue handling and prevention
More robust certificate management that translates to proactive measures to ensure seamless business continuity with key generation, certificate generation, and rollover
Advanced troubleshooting and granular drill-down capabilities enabling operations teams to reduce error resolution time by up to 20% -- resulting in improved ecosystem relationships.
Deeper automation and improved configurability allow integration operations personas to ensure timely delivery of transactions through automatic retries & concurrent sends of errored processes
Reimaged integration development experience and usability provides a fresh approach for developers
Refreshed user interface of the platform integration development environment, allowing a streamlined experience for self-service API and EDI integration.
Redesigned business process development experience streamlines updating and orchestrating of integrations, allowing organizations to quickly implement new integrations and make changes as their business evolves.
Extensible integration logic with a full range of custom actions that empowers users to drive efficiency through comprehensive local commands executed at the orchestration level
Optimizing supply chain execution requires breaking down functional silos, automating critical, time-sensitive business processes, increasing visibility and insights to make better decisions, and providing every organizational persona with control they need to complete day-to-day operations. The key lies in deploying end-to-end ecosystem integrations that bring together different components of a supply chain into a cohesive and seamless digital backbone.
CIC, long recognized as one of the industry’s most powerful cloud integration solutions, is currently used by more than 4,200 logistics, manufacturing, distribution and retail companies throughout the world.
About Cleo Integration Cloud
Cleo Integration Cloud (CIC) is a cloud-based integration platform, purpose-built to design, build, operate, and optimize critical ecosystem integration processes. The CIC platform brings end-to-end integration visibility across API, MFT, EDI, and non-EDI integrations, giving technical and business users the confidence to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. On the platform, businesses have the choice of self-service, managed services, or a blended approach – ensuring complete flexibility and control over their B2B integration strategy.
Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer’s potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data. Cleo gives customers strategic, “outside-in” visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications. Our solutions empower teams to drive business agility, accelerate onboarding, facilitate the modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies.