Nulogy, a provider of agile supply chain solutions, announced the release of its first product capability powered by artificial intelligence. Nulogy's new AI-driven feature leverages predictive analytics to enable contract manufacturers, contract packagers, and value-added third party logistics providers to optimize the production rate and labor on each SKU in their inventory, maximizing efficiency and minimizing waste for leaner operations and sustained business growth.
Nulogy's AI-powered capability helps suppliers save time and money through smarter, more accurate estimates of production rate and personnel. The feature is projected to cut down variance between a site's expected and actual production performance rates from 33% to 15% or less, resulting in higher consistency and accuracy during production.
"Machine-based learning opens up powerful opportunities to streamline and automate complex, manual production workflows," said Tai Toh, Vice President, Product, Nulogy. "Nulogy's new feature is one such opportunity, allowing external suppliers to harness their own production data to drive site efficiencies and enable leaner, more agile operations."
Leveraging a unique recommendation algorithm, Nulogy's solution predicts expected production and labor rates based on historical production data where available, or approximations based on similar SKUs.
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