Ali Raza, Founder and CEO
COVID-19 has caused a devastating impact on businesses globally. Interestingly, the pandemic has also exposed the fragile underbelly of the global supply chain paradigm when the global freight movement was halted during the peak of the infections. Industries across the board today are looking to reset their supply chain strategy to ward off such disruptions in the future. Part of the plan is to move from short-term planning to near-term planning through which remedial measures are pressed in to sustain the operations in the face of future calamities. But given the complex nature of demand forecasting and capacity planning, companies fail to put the best foot forward in prioritizing and initiating a supply chain transformation initiative. They need help of experts who can guide them in adopting a data-driven approach to optimizing their material flow and enhancing free cash flow.
Stepping up to the new challenges is ThroughPut Inc.—an artificial intelligence (AI)-centric supply chain optimization solutions company that delivers actionable insights to supply chain decision makers at different levels with marked speed and accuracy. ThroughPut doesn’t just stop at providing end-to-end supply chain visibility. It helps the decision makers detect, prioritize, and alleviate dynamic operational bottlenecks just-in-time through various measures that include: forecasting demand with increasing accuracy, optimizing supply chain through quick reroute plans, and automating material flow using AI. Such capabilities allow companies to unlock their existing capacity, discover hidden constraints much faster, and rearrange available resources for maximum outcomes.
ThroughPut allows clients to optimize the material flow within their facility through process mapping technique. This technique guides clients to understand the sequence of actions that are performed at their facility. Clients can not only view which step is deviating from the normal but also prioritize strategies and actions to dynamically adjust the stock levels based on each location. The decisions are based on seasons and cycles, among other factors unique to each site. The rich insights guide users on how they can track service levels based on supply and demand predictability and ways in which they can perform root cause analysis to discover the problem areas. In addition to this knowledge, clients’ teams can understand how they can mirror the best practices of high-performing teams and rehash their approach accordingly.
Companies often get mired into challenges with their inventory and material flow. The main reason for this is the lack of ability to align their existing demand capacity and supply behavior based on customer demand. ThroughPut helps firms overcome these challenges by putting their operational improvements on autopilot. That means automated inventory turnover and streamlined movement of materials by minimizing the constraints in the supply chain.
Our clients optimize all the key parameters to smartly predict customer demand, match it with their production capacity, and improve material flow across the end-to-end supply chain value stream
ThroughPut does this by capturing time stamp data from across clients’ systems, including WMS, CMS, and MES systems, and transforming that data with auto ETL transformation capabilities. So clients can quickly achieve high ROI on their data.
Marrying AI and Proven Scientific Concepts
Unique to ThroughPut, the company combines AI with the ‘Theory of Constraints’ (TOC) concept to further enhance the value of the insights delivered by its AI-based solution. As a result, ThroughPut’s clients can proactively identify and eliminate the existing bottlenecks in demand forecasting and capacity planning and reduce waste in supply chain and inventory management while meeting the client demands. “Our clients optimize all the key parameters to smartly predict customer demand, match it with their production capacity, and improve material flow across the end-to-end supply chain value stream. All this without spending unnecessary cost on production, inventory management, and staff,” explains Ali Raza, Founder and CEO of ThroughPut. “We do this by correlating the operations metrics with financial metrics. As a result, clients can easily understand the existing cash flow and come up with a strategy to free up cash much faster.”
The engine has built-in industrial operations expertise where AI is trained beforehand (built by AI experts) so companies don’t have to train the models separately. ThroughPut employs more than 45 heuristics and operational algorithms so clients can stay away from spending time and resources on developing AI models from scratch.
In a case study, one of the biggest European retail giants streamlined operations, including the movement of their goods, during COVID-19 with ThroughPut’s help. This supermarket chain was burdened by the unnecessary operational overhead and cost associated with the transportation of food items. Another challenge was the lack of intelligence about the products that were in high demand and strategies to improve the shelf life of their products. ThroughPut provided this retailer with an end-to-end view of their product performance, including the top-performing ones and the ones that had low demand. The AI solutions company also provided insights on the client’s current sourcing and freight forwarding strategies. The rich information helped the client quickly understand where the bottlenecks were, identify their root cause, and ways to overcome them. The retailer was also able to remove items from the shelf that were expensive and non-performing.
ThroughPut has emerged as the thought leader in the industrial supply chain technology arena with a team that is easily one of the best in the world. Having TOC specialists, AI experts, and supply chain gurus in its kitty, ThroughPut continues to push AI innovation further and bring new breakthroughs in supply chain optimization. Bubbling with energy, passion, and will to create greater possibilities, the company is quickly expanding to new global locations.