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 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.
 
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 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.
 
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 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.
 
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 Analyst QuickTake: 
 ThroughPut Inc. has been leveraging AI to optimize supply chain operations across industries. In October 2023, the company 
 <a href="https://sp-edge.com/updates/24111">
 launched
 </a>
 a new solution named &quot;ThroughPut.AI Supply Chain Decision Intelligence&quot; to offer comprehensive supply chain visibility and possible solutions for disruptions and risks. Also, in July 2023, the company 
 <a href="https://sp-edge.com/updates/23771">
 launched
 </a>
 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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 <a href="https://www.prnewswire.com/news-releases/throughputai-unveils-new-innovative-ai-powered-inventory-capabilities-to-rapidly-accelerate-profitability-302134335.html">
 Press release
 </a>
 
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Supply Chain Tech

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

ThroughPut Inc. has introduced new artificial intelligence (AI) based features for inventory management to aid businesses in managing their working capital more effectively. The aim is to enhance profitability by managing safety stock and facilitating omnichannel order fulfillment. 

Key features include optimal spend recommendations, replenishment strategies, with a significant emphasis on cost reduction and eliminating waste. These features offer insights into optimal working capital spend, enable dynamic optimization of working capital, and reveal any expensive and wasteful activities in the supply chain. 

The company asserts that these new features will provide businesses enhanced visibility and control over their inventory across diverse locations and systems. This, in turn, will enable businesses to decrease excessive stock and carrying costs while accelerating inventory turnover. Analyst QuickTake: 
 ThroughPut Inc. has been leveraging AI to optimize supply chain operations across industries. In October 2023, the company <a href="https: 
//sp-edge.com/updates/24111"> launched </a> 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 <a href="https: 
//sp-edge.com/updates/23771"> launched </a> 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.

ThroughPut Inc. launches new AI capabilities for inventory management

<div>
 Swedish company Medius, specializing in accounts payable automation and spend management, has formed a partnership with SourceDay, a supply chain collaboration platform. This partnership aims to enhance the Procure-to-Pay (P2P) cycle for manufacturers and distributors.
 This integration combines Medius' invoice management solution, driven by AI, with SourceDay's supplier engagement tools. This combination allows current and prospective customers of both companies to smoothen purchase order management. This is achieved through automated invoice processing, improved security through anomaly detection, and real-time notification systems for better operational efficiency.&nbsp;
 The collaboration between the two firms reportedly results in up to 80% efficiency gains. In addition, it increases on-time delivery rates through 100% PO matching and decreases financial risks.
</div> Analyst QuickTake: 
 This latest initiative compliments SourceDay’s’ <a href="https: 
//sp-edge.com/updates/28491"> partnership </a> with infor, a business cloud software provider, focusing on the management of direct spend purchase order (PO) lifecycles.

Medius and SourceDay partner to optimize P2P operations for manufacturers and distributors worldwide

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 Exiger, a leader in risk and compliance technology, has joined forces with the Institute for American Apprenticeships (IAA) to initiate a unique apprenticeship program aimed at training supply chain and third-party risk analysts. This groundbreaking partnership will see the development of the first apprenticeship of its kind, officially registered with the Department of Labor and centred on the risk and compliance industry. 
 Apprentices enlisted in the program will undergo niche training in areas such as AI-assisted research, meticulous risk analysis, and the scrutiny of various legal, regulatory, and media artifacts. The goal of this initiative is to cultivate a forward-thinking, skill-rich workforce that is well-equipped to handle the evolving demands of supply chain and third-party risk management. This innovative approach will also contribute significantly to the advancement of the industry as a whole.
</div> Analyst QuickTake: 
 Exiger actively collaborates with government agencies and associations to enhance risk management capabilities within supply chains. For example, in the recent past, the company has <a href="https: 
//sp-edge.com/updates/27246"> partnered </a> with aDolus to bolster supply chain cyber defense for critical industries and also <a href="https: 
//sp-edge.com/updates/24987"> partnered </a> with the USPAE to secure the US electronics supply chain.

Exiger and IAA partner to launch apprenticeship program for risk analysts

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 Invent Analytics, a retail planning solution provider, has secured USD 17 million in a Series B funding round. LFX Venture Partners spearheaded the round, with contributions from current investors, including the European Bank for Reconstruction and Development (EBRD) and Collective Spark.
 The company intends to utilise the investment to increase its AI platform's functionality, serve evolving omni-channel retail demands, reinforce strategic collaborations, and grow its team of retail experts.
 ​Invent Analytic offers progressive analytics solutions aimed at enhancing retail supply chain planning to elevate profits. Their principal products, Omni-AI and Omni-Plan, amalgamate various optimization solutions such as demand forecasting, inventory, markdown, and price optimization. These offer a consolidated solution to modern retailers' challenges.
 
</div> Analyst QuickTake: 
 With the increasing demand, competition in the Supply Chain Planning tech space is on the rise. Apart from new disruptors entering the space, existing players are also actively upgrading their offerings to remain competitive. For example, in the recent past, companies like <a href="https: 
//sp-edge.com/updates/28562"> o9 Solutions </a> , <a href="https: 
//sp-edge.com/updates/27743"> Algo </a> , and <a href="https: 
//sp-edge.com/updates/27573"> RELEX Solutions </a> have been enhancing their products to capitalize on market opportunities.

Invent Analytics raises USD 17 million in Series B funding to advance AI platform and expand team

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 Sayari has formed a collaboration with GAN Integrity, a firm that is focused on the mitigation of risk and compliance, in a bid to fight corruption and the issue of modern slavery within global supply chains.
 Through their partnership, the business risk intelligence and ownership data provided by Sayari is combined with GAN Integrity's third-party management automation, offering an integrated solution to streamline the onboarding, assessment, monitoring, and management of intricate supplier networks. By leveraging data from numerous companies globally, the partnership can evaluate risk more efficiently amidst increasing regulatory scrutiny. The overall objective is to identify various forms of risk, which include forced labor and political exposure, and manage these risks effectively throughout their lifecycle. This collaborative solution assists corporations in fulfilling heightened compliance standards and promotes a more ethical business environment.

</div> Analyst QuickTake: 
 In April 2024, Sayari <a href="https: 
//sp-edge.com/updates/28374"> launched </a> Sayari Map, a platform that allows users to explore complex corporate ownership structures and trace corporate relationships across borders. The platform allows sourcing, procurement, and trade compliance teams to map and screen potential risks from direct and upstream suppliers. The collaborates with GAN Integrity, which leverages the insights from this platform and delivers new capabilities in managing supply chain risks through enhanced compliance.

Sayari collaborates with GAN Integrity to counter corruption and modern slavery in supply chains

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 Retraced has introduced a new Artificial Intelligence (AI) driven audit management tool, currently in its beta stage, aimed at automating the often labor-intensive and error-prone tasks involved in supply chain audits. This tool aims to improve efficiency by automating data extraction from factory audit documents.
 Importantly, the tool provides feedback in real-time, and generates actionable suggestions based on the data collected. It also offers a user-friendly interface that allows corporate social responsibility (CSR) managers to easily navigate and use the data.
 Retraced asserts that this tool can significantly reduce the time and effort spent on analyzing factory audits. The company hopes that by leveraging AI, it can enhance sustainability, social impact, and increase transparency within the industry.&nbsp;
 
</div> Analyst QuickTake: 
 The adoption of AI to streamline supply chain operations is on the rise. Recently, Supply Chain Tech companies such as <a href="https: 
//sp-edge.com/updates/28562"> o9 Solutions </a> , <a href="https: 
//sp-edge.com/updates/27573"> RELEX Solutions </a> , and <a href="https: 
//sp-edge.com/updates/27454"> upguard </a> also introduced AI features to their offerings to increase efficiencies in supply chain operations.

Retraced launches AI-driven audit management tool for apparel brands

INCUMBENTS_PRESENT

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 Logility has launched a new product named Decision Command Center, designed to improve decision-making and add value throughout the whole supply chain process in businesses.
 Decision Command Center offers insights backed by data for all-round quality decision-making. Its key features consist of a unified system increasing visibility, enhancing understanding of supply chain effects, and aligning strategy and operations. These are intended to accelerate results, optimize resource usage, and generate business value.
 Logility suggests that Decision Command Center can encourage companies to make quicker, higher quality, and comprehensive decisions. It also promotes improved resource use and value generation for businesses.
 
</div> Analyst QuickTake: 
 Unlike launching this new product, Logility has been actively introducing new features to its existing Digital Supply Chain platform. Earlier this month, the company <a href="https: 
//sp-edge.com/updates/28527"> introduced </a> AI-powered dynamic inventory modeling to the platform to assist businesses in effectively handling inventory costs and convoluted inventory-related matters.

Logility launches new Decision Command Center for enhanced supply chain planning

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 Descartes Systems Group, a supply chain software vendor, has bought Aerospace Software Developments (ASD), an Irish firm with expertise in custom and regulatory compliance solutions, for a total of USD 61 million.
 ASD is based in Dublin and offers its logistics service providers and shippers with customs declaration software products. The firm also provides RFID solutions enabling the air logistics community to track assets.&nbsp;
 Through the purchase of ASD, Descartes plans to boost its product range by incorporating ASD's Irish customs domain knowledge and its sophisticated multi-country customs technology platform. Additionally, combining ASD's RFID-based solutions with Descartes' CORE BLE real-time tracking platform should result in advantages for the airline community.
 
</div> Analyst QuickTake: 
 During the recent past, Descartes Systems Group has been enhancing its product offerings. Earlier, in April 2024, the company <a href="https: 
//sp-edge.com/updates/28473"> launched </a> Descartes MacroPoint FraudGuard to enhance freight security. The new solutions added to its portfolio through the acquisition would further strengthen its product portfolio.

Descartes Systems Group acquires Aerospace Software Developments for USD 61 million to strengthen customs compliance solutions

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 Boll &amp; Branch, a company specializing in luxury home goods, has launched a new service called Origin Track. This platform allows customers to trace the full history of their bedding products, from their raw material origins to their final forms. This service reflects their commitment to transparency and sustainability.
 Customers can access this feature on the Boll &amp; Branch website, where they can input the unique lot number found on their product tags and get insights into the creation and journey of their products. The service provides information about the place of creation, the crafters involved, and the journey of the item from farm to home.
 By offering this service, Boll &amp; Branch aims to cultivate deeper engagement with its customers and provide them insight into the company's supply chain decisions. The ultimate goal is to give customers not just a product, but a product with a known and traceable backstory.
 The company values ethical sourcing and sustainability, offering a range of products such as bedding, bath towels, and other home textiles, all made from natural fibers that uphold high environmental and ethical standards​.
 
</div> Analyst QuickTake: 
 As companies strive to build sustainable and transparent supply networks, origin tracing has become an important feature of supply chain operations. During the recent past, companies like <a href="https: 
//sp-edge.com/updates/28375"> Circular </a> and <a href="https: 
//sp-edge.com/updates/27744"> Sojo industries </a> have been working on new solutions for organizations to help their customers trace the origins of the raw materials of products.

Boll & Branch Launches Origin Track to Trace bedding manufacturing process

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 SAP, a global enterprise applications leader, announced new AI upgrades to its supply chain solutions aimed to improve the manufacturing sector's productivity, efficiency, and precision. 
 The key features of these solutions include AI-powered insights for optimizing supply chain decisions, simplified product development through natural language queries, detection of equipment anomalies via smart device sensor data, and improved field response using real-time traffic data and machine-learning models.
 According to SAP, these enhancements will result in improved supply chain labor productivity, decreased supply chain planning costs, and reductions in inventory carrying costs and stock turnover rates. Further, these solutions will enhance business agility and intelligence, boosting operational efficiency and making supply chains more resilient.
 
</div> Analyst QuickTake: 
 Earlier, in January 2024, SAP <a href="https: 
//sp-edge.com/updates/25552"> launched AI-driven </a> predictive demand planning capabilities tailored to the retail Industry. The goal was to provide businesses with an all-encompassing view of their customers and data analysis, which, in turn, can lead to informed decision-making.

All Updates