ThroughPut Inc., an industrial AI company, announced Monday that it has partnered with project44 to create an AI-powered supply chain solution.
The companies said, working together, they would create a solution that will allow businesses to leverage project44’s purchase order and sales data to predict demand levels. Utilizing ThroughPut’s AI-powered logistics fulfillment, customers to the new partnership will be able to generate rapid supply chain revenue rationalization, the companies said.
“We’re thrilled to be partnering with ThroughPut as we look forward to accelerating the value we deliver to our customers,” said Thomas Deakins, SVP of Global Partnerships & Alliances of project44. “With ThroughPut.ai, we empower our customers to not just optimize their logistics but their supply chain operations as a whole – something that is crucial in today’s market, where disruptions and uncertainty are more a norm than an exception. ThroughPut’s demand-first, AI-powered, predictive approach to supply chain management is the key to solving the product and customer prioritization puzzle that all businesses seek to solve on an everyday basis these days as they look to expedite lead times and better serve their customers.”
The partnership will let customers plan logistics while identifying and predicting demand at a local level, as well as audit material flow to drive efficiencies and achieve On-Time In-Full (OTIF) deliveries.
“Partnering with project44 allows us access to true lead time data, which complements how we recalculate material and inventory needs from a demand change perspective,” said Ali Raza, CEO of ThroughPut Inc. “This is the vital missing link in so many planning systems today – which have consequently either overshot or undershot inventory estimates. As a result, many businesses are unable to optimize a crucial part of their working capital – their inventory. We are therefore excited to announce this ready-to-go integration into project44 as we help C-Suites intelligently optimize their overall working capital and prioritize demand management,” he added.