Resilinc Corporation, a global supply chain monitoring, mapping and resiliency solution, recently announced the launch of its Predictive Purchase Order On-Time Delivery solution. The artificial intelligence powered tool predicts how a supplier will perform in the face of disruption by analyzing past events and on-time delivery data.
“To ensure supply chain resiliency, companies need to be able to detect problems promptly, understand the impact, and act quickly. The way to achieve this is by leveraging AI and machine learning to ultimately reach a level of automation where decisions are made, based on data by machines, in a split second,” said Sumit Vakil, CPO and co-founder of Resilinc. “Our Predictive PO On-Time Delivery solution is a big first step to achieving hyper automation, freeing up supply chain pros to focus on developing more proactive supply strategies, versus taking a reactive approach.”
The Resilinc prediction tool leverages AI, historical data and machine learning to:
“Predictive PO On-Time Delivery uses Resilinc’s EventWatch AI and Multi-tier Mapping capabilities to scan millions of news sources to identify disruptive events and from there identify the region or suppliers that could potentially be impacted,” said Yogesh Akolkar, Vice President of Engineering at Resilinc. “It then uses new PO delay predictor AI to look at currently open purchase orders and the on-time delivery metrics of those suppliers over the past 10 years, when faced with the same disruptive event. Users are then informed of the potential delay that could be caused for each PO, due to this event.”
Resilinc is the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100 of the world’s leading organizations including IBM, General Motors, Amgen, and Western Digital rely on Resilinc’s AI-powered monitoring service to have visibility into potential supply chain disruption. Resilinc maps the supply chain multiple tiers deep, down to part, supplier and site levels, and exposes bottlenecks deep in sub-tier suppliers. Companies partner with Resilinc to protect revenue despite supply chain disruptions worldwide.
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