Kinaxis Revolutionizes Supply Chain Management with AI and ML Innovations
Kinaxis, a pioneer in artificial intelligence (AI) and machine learning (ML), has made significant strides in the supply chain industry with its growing patent portfolio. Over the past five years, the company’s patent portfolio has skyrocketed by over 500%. What sets Kinaxis apart is that 55% of its patents focus specifically on AI and ML technologies.
The company’s commitment to research and development has fueled this exponential growth. By investing in innovation, Kinaxis aims to solidify its position as a trusted technology provider to chief supply chain officers worldwide. Kinaxis has been relentless in rolling out a continuous stream of AI- and ML-powered capabilities to empower its vast user base of 40,000 individuals, enabling them to build intelligent and efficient supply chains.
Harnessing the power of AI, Kinaxis has revolutionized supply chain management. Its innovative platform generates prescriptive recommendations, predicts and surfaces insights, automates processes, and enhances productivity. The company’s unique approach puts people at the center, augmenting human capabilities to facilitate faster and more informed decision-making.
Chantal Bisson-Krol, vice president of AI & ML solutions at Kinaxis, emphasizes that the company’s focus is on making the lives of supply chain professionals easier. The growing patent portfolio is a testament to Kinaxis’ success in this endeavor. Its AI solutions are purpose-built, designed to enhance the user experience and ensure decisions can be made quickly and accurately.
In a rapidly evolving business landscape where supply chains are increasingly complex, agility, resilience, and sustainability are of utmost importance. Former chief supply chain officer at Sanofi, Tariq Farooq, emphasizes that companies leading the way are those that effectively leverage AI and ML technologies to enhance their supply chain capabilities. Kinaxis’ continuous growth in AI and ML patents positions the company to support its clients in their transformative supply chain journeys.
Kinaxis’ patent portfolio covers a wide array of technologies. One such example is its Dynamic Demand Sensing patents, which provide valuable insights into understanding internal and external factors that influence short- and long-term demand. By leveraging these patents, Kinaxis helps companies adapt to frequent price changes, new product introductions, shifts in consumer behavior, and various external factors that impact demand.
Additionally, Kinaxis has developed patents that streamline tasks within ML workflows. These innovations allow for timely responses and insights when dealing with retail-scale data, ultimately expediting operations and decision-making processes.
Kinaxis’ AI-powered technology, along with its patented concurrency technique, enables companies to effectively orchestrate their supply chain network from strategic planning to last-mile delivery. With Kinaxis technology, companies in the agricultural industry can supply 40% of the world’s tractors, ensure over 110 billion teeth are kept clean each year, and provide nutritious meals to more than 35 million pets annually.
At Kinaxis, the pursuit of AI and ML-based innovations is relentless. The company’s dedication to pushing the boundaries of what is possible in supply chain management sets it apart as a leader in the industry. As AI and ML technologies continue to evolve, Kinaxis remains at the forefront, empowering supply chain teams worldwide to thrive in an ever-changing business landscape.
Source : elblog.pl
