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What is Summence?
Summence Technologies specializes in supply chain optimization, employing Operations Research (OR) principles and advanced technologies including Artificial Intelligence. The company focuses on developing solutions to enhance supply chain management through innovation, aiming to reshape the future of the field. They prioritize delivering high-quality products and services, building lasting customer relationships based on trust and integrity while adhering to ethical business practices.
Their core offerings encompass a range of supply chain solutions. This includes network optimization using Linear Programming/Mixed-Integer Programming (LP/MIP) algorithms compatible with various solvers, Multi-Echelon Inventory Optimization (MEIO) utilizing proprietary and simulation algorithms, and scheduling/route optimization enhanced by Google OR-Tools. Summence also develops custom supply chain simulations in Python, provides demand forecasting and supply planning tools like the AI-driven Demand Cube, and offers AI-powered control towers for real-time supply chain visibility to identify and address disruptions effectively.
Features
- Network Optimization: Develops tools using LP/MIP algorithms with diverse solver options, including cloud solutions like IBM Watson.
- Multi Echelon Inventory Optimization (MEIO): Optimizes multi-level supply chain inventory using proprietary and simulation algorithms.
- Scheduling and Route Optimization: Enhances logistics using Google OR-Tools for task and transport efficiency.
- Custom Simulation: Offers custom supply chain simulations built in Python for modeling and analysis.
- Demand Forecasting (Demand Cube): Utilizes AI/ML/Statistical algorithms to automatically select the best forecasting method for S&OP.
- Supply Chain Design (Supply Chain Cube): Enables agile design and evaluation of entire supply networks.
- AI-Powered Supply Chain Visibility: Provides real-time operational insights using control towers.
Use Cases
- Optimizing supply chain network design and infrastructure.
- Managing inventory levels effectively across multiple locations.
- Streamlining logistics scheduling and vehicle routing processes.
- Modeling and simulating complex supply chain scenarios for analysis.
- Forecasting product demand accurately for Sales & Operations Planning (S&OP).
- Aligning supply resources based on predicted demand.
- Gaining real-time visibility into end-to-end supply chain operations.
- Improving responsiveness to potential supply chain disruptions and bottlenecks.
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