Supply-chain software company Logility Inc. has launched an autonomous tool that claims to increase forecast accuracy by 20 to 50 percent.

Logility’s Voyager Pulse Wise continuously senses, analyzes and updates demand planning parameters in real-time to help ensure the supply chain operates at peak performance, the company says. Artificial intelligence (AI) analyzes future demand signals and actual performance to proactively react to changes that may impact forecast accuracy. 

Advances in AI have helped augment planner productivity and automate many of the routine functions to accelerate decision-making and sense the “pulse” of the latest market and business conditions to quickly respond with appropriate updates.

Voyager Pulse Wise continuously monitors supply chain performance as well as internal and external data sources to sense, analyze and adjust to market conditions to help companies stay ahead of potential disruptions, respond to spontaneous demand and take advantage of new opportunities.

“Supply chain teams must automate planning and accelerate their time to market if they are going to stay ahead of their competition and respond to dynamic market conditions,” said Allan Dow, president of Logility, in a statement Monday. 

The newest tool is available on Logility’s Voyager Solutions 1901 — a software-as-a-service (SaaS)-based platform that uses a blend of AI and advanced analytics to automate planning, accelerate cycle times, increase precision and deliver greater visibility.