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Product updates
ThroughPut Inc. launches new AI capabilities for inventory management
Supply Chain Tech
May 2, 2024
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Supply Chain Tech

Supply Chain Tech

May 2, 2024

ThroughPut Inc. launches new AI capabilities for inventory management

Product updates

  • ThroughPut Inc. has launched new AI-powered inventory management features to help businesses manage their working capital more effectively and achieve profitability by managing safety stock and facilitating omnichannel order fulfillment.

  • The latest features include optimal spend recommendations, replenishment strategies, and a focus on cost reduction and waste elimination. Together, these features provide useful insights into optimal working capital spend, enable dynamic optimization of working capital, and expose any costly and wasteful moves inside the supply chain.

  • The company claims that these new features will give businesses better visibility and control over their inventory across different locations and systems, thus enabling them to reduce excessive stock and carrying costs while speeding up inventory turnover.

  • Analyst QuickTake: ThroughPut Inc. has been leveraging AI to optimize supply chain operations across industries. In October 2023, the company launched a new solution named "ThroughPut.AI Supply Chain Decision Intelligence" to offer comprehensive supply chain visibility and possible solutions for disruptions and risks. Also, in July 2023, the company launched AI-driven customer segmentation capabilities for supply chains to enhance the efficiency and efficacy of businesses' planning, management, and fulfillment processes. The latest launch expands its capabilities, elevating it toward an end-to-end supply chain planning solutions provider.

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