SANTA ROSA BEACH, Florida, March 19, 2019. [RightChain.com] RightChain™ AI is the industry's most comprehensive and advanced supply chain artificial intelligence (SCAI) offering - a one-stop, cloud-based, subscription pOréal access to AI, analytics, optimization, knowledge and education to answer the twenty-five most difficult supply chain questions in real-time. The offering is in response to what Dr. Frazelle calls the growing "supply chain complexity-capabilities gap".
Dr. Ed Frazelle, RightChain president and CEO, shared the following on the new offering. "We have developed and applied machine learning, large-scale optimization, big data science, and deep knowledge bases to supply chain planning, S&OP, network design, inventory optimization, logistics strategy, transportation planning, sourcing, supply chain financial analysis, and warehouse configuration. The results with some of the world's premier corporations are nothing short of shocking; typically yielding 1% to 5% of sales to the bottom line via service strategy optimization and accompanying increases to fill rates for key customers and SKUs; 22% to 38% increases to the financial performance of inventory; 3% to 19% reductions in supply chain expenses; and 4% to 31% increases to supply chain capital utilization."
Dr. Frazelle and RightChain™ have a long and storied history developing and applying human and artificial intelligence to supply chains. "My PhD research in the late 1980s was focused on the application of AI to warehouse operations. During that research and our consulting work I noticed that very few professionals working in supply chains had any formal or advanced education in the field. The large majority of supply chain initiatives were failing as a result; and supply chain strategies and operations were under-serving and sometimes hampering the very businesses they were meant to enhance. We have been developing and applying supply chain intelligence ever since - crafting AI-based algorithms and deep knowledge bases to address the most difficult decisions in supply chain strategy and management."
The launch of "supply chain intelligence as-a-service" is timed to coincide with the release of Dr. Frazelle's latest supply chain book titled, "Supply Chain Artificial Intelligence in The Intelligence Economy" and the upcoming PBS documentary on supply chain technology featuring RightChain's AI offering.
In an excerpt from the recent PBS documentary on RightChain™, Dr. Frazelle shared, "We are an all PhD firm, and an all nerd family. Our lunch and dinner conversations are non-normal to say the least, but we have our form of inside humor and we have great joy when we can help our clients break through the complexities that have stymied their professional and personal pursuits."
Company URL: http://www.rightchain.com/