PLAIO

Based in Iceland, PLAIO is an AI-assisted decision support platform specifically designed for the pharmaceutical industry. PLAIO's core offering, the AI Coplanner, utilizes sophisticated prediction algorithms and AI to assist planners and supply chain managers streamline complex processes. It provides an intuitive natural language interface allowing pharma professionals to analyze data, simulate various scenarios, and perform quick analyses. This technology enables companies to reduce reliance on error-prone manual tasks and enhance the accuracy of forecasting, procurement, and production scheduling.

PLAIO's solution integrates with existing ERP systems, providing total visibility across demand, purchase, and manufacturing planning. It also centralizes internal and market forecast data for scenario analysis. This integration helps increase manufacturing and financial efficiency, reduce waste, and minimize stockouts of end products and raw materials.

The platform is designed to meet most users' day-one requirements without extensive customization, making it particularly appealing to mid-market pharma companies. The company claims that its solution optimizes inventory levels by 25%, improves forecast accuracy by 50%, and improves service-level performance by 30%.

As of August 2024, PLAIO's client portfolio had grown by 200% over the previous 12 months.

Key customers and partnerships

As of September 2024, PLAIO's client base included notable pharmaceutical companies, such as Covis Pharma, Alvotech, and Camarus. The platform gained traction in the northern European market and was expanding its operations in the US and Europe.