The Partnership focuses on driving maximum
optimization of both the supply chain and interwoven cold chain to
improve sales, profit margins, output, safety, and
traceability.
PALO ALTO, Calif., May 21, 2024 /PRNewswire/ -- ThroughPut
Inc., the industrial AI supply chain Decision Intelligence
pioneer, and Inteligistics, the leading digital visibility
solutions provider for perishable supply chains, today announced a
strategic technology alliance to accelerate profitability for the
sales of perishable goods. This area is typically plagued by
volatile prices and volumes, poor predictions, limited supply chain
visibility, and excessive product spoilage. This leads to high
rejection and discount rates, and avoidable lost margins.
ThroughPut.AI, in collaboration with Inteligistics, will enable
growers, suppliers, carriers, distributors, and retailers to
significantly improve the efficiency of their supply and cold chain
operations, thus ensuring that all fresh products – ranging from
berries and vegetables to fish and meat – is sold profitably
on-time and in-full for faster, fresher and safer delivery with
full supply chain visibility.
Mutual customers introduced ThroughPut.AI and Inteligistics as
complementary partners due to ThroughPut.AI's patented,
Gartner-ranked comprehensive Supply Chain Analytics & Decision
Intelligence software, with Inteligistics' industry-leading
expertise in supply chain performance, productivity, and
sustainability, where both have yielded high-value outcomes for
customers, their consumers, and owner-investors across the globe.
The two companies also share a common goal of minimizing waste,
shrink, unfilled orders, and lost sales.
"We're delighted to partner with Inteligistics as we look to
expand our capabilities for our clients in the critical Food and
Agricultural industry. Food and AG supply chains suffer from siloed
legacy point solutions that don't address today's supply chain
networks' complexity and volatility. To overcome these modern Food
and AG supply chain challenges, already existing but disparate data
must be tapped into, stitched together, analyzed, visualized, and
optimized with Industrial-grade AI for actionable recommendations
and better results," explained Seth
Page, COO and Head of Strategic Partnerships of ThroughPut
Inc. "By partnering with Inteligistics, we can provide customers
with our unprecedented supply chain visibility, actionability,
predictions and recommendations into customers' cold chain
operations as part of their larger end-to-end supply chain
networks. This allows customers to leverage data at every step of
the way to make the right produce available at the right place, at
the right time, to the right customer, at the best price, in the
correct quantities, and in the safest traceable manner
possible."
"Our partnership with ThroughPut.AI will empower agricultural
producers, and buyers to leverage data for timely, intelligent
decision-making, while accelerating margins," said Rao Mandava, CEO and Chairman at Inteligistics.
"Our customers will now have a unified common operating picture for
a single source of truth for all their perishable inventory,
enabling them to reduce risk, increase safety, and unlock new
growth opportunities. The data is also available for our recently
unveiled 1-Click FSMA 204 Traceability reporting solutions. All our
supply and cold chain solutions work with data from a company's
legacy data platforms, including ERP, WMS and procurement systems,
eliminating the major operational disruption associated with
platform replacement."
Joint Capabilities
Bringing together ThroughPut's patented and award-winning
AI-powered Supply Chain Advanced Analytics and Decision
Intelligence solution with Inteligistics' innovative supply and
cold chain performance improvement capabilities will empower their
customers to drive additional value in many key areas including the
following:
- Fill Rate: The joint solution will provide customers
with an innovative fill rate model that will enable them to:
- Dynamically allocate products when farm and producer outputs
vary, thus ensuring timely demand fulfillment.
- Proactively forecast customer demand, pricing, and volumes, as
well as leveraging advanced analytics to balance supply with demand
on a real-time basis.
- Tailor fill-rates based on customer segmentation, helping
customers to prioritize higher contribution margin product mixes
with the best on-time and in-full (OTIF) rates to maximize
returns.
- Scheduling: The combined solution will empower suppliers
and buyers to optimize loading facility and cross-docking queuing,
slotting, scheduling, loading and usage via:
- Data-driven recommendations for ideal order fulfillment
time-slots based on customer segmentation, available inventory, and
priority-based delivery of in-demand products across the supply
chain.
- Ensure necessary labor, docks and slots are available for
loading on time to further enhance operational efficiency, greater
throughput, higher output, and additional revenue and profit
generation.
- Streamline the scheduling process and maximize order
fulfillment while minimizing delays, idle time, and site
traffic.
- Rejection and Discount Rates: Leveraging data inputs
from Inteligistics and ThroughPut.AI will deliver fresh Food &
Agriculture specific capabilities, including:
- Actionable insights and recommendations to optimize end-to-end
supply chain operations while maintaining traceable product quality
and food safety, for a greater bottom-line with enhanced regulatory
compliance.
- Minimize rejection factors by analyzing data on product
temperatures, sales history, and movements across supply chain
networks to predict the likelihood of rejection or discounts, while
reducing rejection rates and discounts in shipments that are fully
traceable and quantifiable.
- Minimize waste and discounts to consumers by managing the
inventory from DCs to stores using predictive shelf life and First
Expire/First Out distribution.
PR Contact
Tina Jacobs
pr@throughput.ai
About ThroughPut:
ThroughPut.AI is a Silicon Valley-based Supply Chain AI
leader that puts Industrial material flows on Autopilot by
leveraging existing Enterprise Data to achieve superior Business,
Operations, Financial and Sustainability Results. ThroughPut.AI's
patented, Gartner-recognized AI-powered Supply Chain Analytics and
Decision Intelligence software platform predicts Demand, reorients
Production Capacity, reassigns Warehouse Space, and reorders
Materials optimally, so businesses minimize overpromising and
under-delivering, and maximize for their desired outcomes. As a
rapid diagnostic platform, ThroughPut.AI both improves material
flow and free-cash-flow across the entire end-to-end value chain
far faster than leading contemporary and legacy solutions could
ever imagine. The founding team is led by seasoned serial
entrepreneurs with real-world AI, Supply Chain, Manufacturing,
Transportation and Operations experience, from the shopfloor to the
top-floor, at leading Fortune 500 Industrial Companies &
pioneering Enterprise Technology companies that have impacted the
world.
To learn more about ThroughPut Inc,
visit our website today.
Additional Resources:
- Learn more about ThroughPut Food and Beverage Solution
Offerings
- For more information about ThroughPut, visit ThroughPut
Resource Library
- Read the ThroughPut Blog and access
latest ThroughPut Press Coverage
About Inteligistics:
Inteligistics is uniquely placed in perishables industries using
Silicon Valley technology and process improvements to bring digital
transformation, turn Big Data into clear actions through AI/ML, and
deliver high value improvements to supply chain and cold chain
performance for perishable commodities. The resulting increase in
productivity and reduction in critical cut-to-cool times, resources
help meet sustainability goals. Using IoT, off-the-shelf wireless
hardware, and proprietary cloud-based applications, Inteligistics
develops custom solutions and provides an end-to-end integrated
supply chain platform and standalone applications that improve
quality, throughput, increase profits and deliver high ROI on the
critical process of moving product from field to consumer.
Visit inteligistics.com and
linkedin.com/company/inteligistics.
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