SMARTER SUPPLY CHAINS
A proper supply chain department has to do with the below mentioned functions properly executed at the maximum accuracy such that the whole operation is best optimised with the minimum wastage at all stages of supply chain. But in reality, this is far from achieved considering industry facing immense improper utilisation of resources in terms of inventory stocking, demand forecasting mismatches, losses due to incorrect route optimisation etc.
A major portion of the above issues can be attributed to availability of data. This is where we are trying to bring in our expertise to execute the below mentioned functions with informed decisions using advanced techniques in AI, Data science to pool in live data to help you save millions in your supply chain operations
SUPPLY CHAIN FUNCTIONS
PLAN
Transform your planning capabilities with improved
CAPACITY PLANNING of your manufacturing process, sourcing quantity requirement, distributions/route optimisation requirements and inventory we bring in accuracy by best optimising the functions with real time data.
DEMAND PLANNING a proper demand forecasting tool achieved with the best accuracy from the data insights received from market data.
NETWORK DESIGN State of the art analytical tools for network design for emerging markets and developed markets which would help optimise the route planning process with minimum wastage in fuel wastage and delivery optimisation.
INVENTORY PLANNING along with distribution networks with accurate demand forecasting translated to optimal inventories at these networks.
SOURCE
Currently there are so many issues faced at the sourcing department which are hidden and cannot be tackled properly causing disproportionate ownership cost for the organisation.
We could help you
SPEND ANALYTICS Streamline your sourcing processes with optimised spending – by generating visibility across spend at various organisational functions
VENDOR PERFORMANCE ANALYTICS - A dashboard created with the performance of each of the vendors based on the inputs from their delivery schedules, material quality etc,
FREQUENCY Accurate sourcing frequency and replenishment – optimising the sourcing frequency from accurate demand forecasting, supplier payment terms.
MAKE
ANALYTICS In your production cycles and manufacturing processes with the latest technologies available in IoT, AI and Datasciences we could assure you bring immense cost savings by reducing manpower costs by bringing in automation, improved maintenance planning by providing the best MRO analytics which would help in smooth running of the facility without any breakdowns.
CAPACITY & DEMAND MODELLING A best capacity and demand modelling which would ensure the plant is performing at its optimal capacity without any wastages.
DELIVER
With the recent advancements in analytical tools and increased demand in last mile delivery from increased E-commerce startups, this function is witnessing greater optimisation in terms of
LOGISTICS & ROUTE OPTIMIZATION PLANNING Better utilisation of fleet and its capacity. Route optimisation which aims at faster delivery at the least fuel costs
AUTOMIZATION Fully automized warehouses with least manual interventions.
BENEFITS OF AI IN SUPPLY CHAIN
- Improved forecasting
- Faster deliveries through more optimized routes
- Improved customer service.
- Ability to predict Industry Trends
- Improve the speed in decision making
- Reduce Operational Cost
We can help you achieve a fully optimised delivery model that fuses state of art AI with all the above tools which would bring you the competitive edge in efficiency and cost savings.
Let’s work towards building a future-ready enterprise
info@futuristiqsolutions.com
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Canada : +(1) 647-468-7279
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