To view the article in the magazine >
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends. These solutions benefit supply chain management companies by boosting supply chain analytics, generating better forecasts for demand, optimizing inventory levels, and reducing costs by reducing waste.
Headquartered in Ra’anana, Israel, Intelichain Labs is a fast-growing global supply chain startup providing a cloud-based solution of a leading-practice Sales & Operations Planning (S&OP) focusing on people, process & technology. The company’s advanced forecasting algorithms and predictive analytics leverage historical data, market insights, and machine learning techniques to provide precise forecasts, helping clients confidently navigate uncertain demand scenarios.
Under the leadership of Roei Aviram, CEO & Co-Founder of Intelichain, the company has successfully implemented a data-driven approach that combines industry best practices, advanced algorithms, and predictive analytics. By prioritizing simplicity and intuitive solutions, Roei fosters efficient decision-making, enhances user experience, and promotes quick adoption of Intelichain’s solutions within the supply chain industry. Roei firmly believes that planning should be fun, fast, and accurate, and this philosophy is reflected in the design of Intelichain’s product.
Addressing Growing Challenges with Brilliant Solutions
Reaching an unconstrained-unbiased “consensus demand forecast” between different departments in the organization and the statistical forecast is vital for effective supply chain planning but is often managed poorly. Intelichain’s solutions facilitate seamless collaboration and alignment across departments, ensuring a unified understanding of demand and driving better organizational decision-making. Their solution saves valuable time by eliminating the need for countless hours spent on never-ending meetings to reach a consensus and agree on the forecast numbers.
Segmenting demand patterns and building optimal inventory plans for each segment is critical to achieving better service levels and cost-effectiveness. Intelichain solutions utilize advanced segmentation techniques, allowing clients to tailor their inventory plans to specific demand patterns using the 9-Box Analysis. This ensures that the right products are available at the right time, reducing stockouts, improving customer satisfaction, and optimizing costs.
Data integrity is crucial for effective decision-making, but data is only sometimes clean and well-arranged. This is why Intelichain has built an AI-driven data verification. This solution tackles the complexities of managing data issues, such as demand outliers, missing values, and duplicates. Through intelligent data cleansing and integration processes, they ensure the availability of clean, reliable data, enabling accurate analysis and decision support. Once data is cleansed, Intelichain processes the data in its ML engine and generates Intelichain customers’ accurate forecasts at any level (single product to a category and market), together with an inventory optimization tool.
By addressing these challenges comprehensively, Intelichain solutions enable businesses to enhance their demand planning capabilities, improve forecast accuracy, optimize inventory management, and achieve better overall supply chain performance.
Revolutionary S&OP Process
Intelichain is dedicated to revolutionizing the Sales and Operations Planning (S&OP) process and helping its clients unlock their true potential. It has taken several strategic steps to optimize the S&OP process and empower clients to make informed decisions rather than engage in lengthy discussions.
To understand the process, one can begin by witnessing that the company offers comprehensive guidance and educational programs, including S&OP courses, to equip clients with the knowledge and skills needed for effective S&OP implementation. These programs enable them to navigate the complexities of the S&OP process and maximize its benefits. Additionally, Intelichain has developed powerful and visually captivating PowerPoint templates that serve as valuable tools for clients. These templates are designed to streamline the S&OP process and focus on facilitating decision-making rather than engaging in unproductive exchanges of opinions. By leveraging these templates, the clients can optimize their S&OP activities and achieve tangible outcomes.
Furthermore, Intelichain technology plays a pivotal role in transforming the S&OP process. Through the power of Artificial Intelligence (AI) and Machine Learning (ML), their innovative solutions enable companies to gain deep insights into demand patterns. Intelichain’s AI-driven technology facilitates the generation of consensus forecasts, eliminating the need for manual and time-consuming processes traditionally associated with reaching a consensus. This empowers the clients to make accurate and data-driven decisions swiftly.
Intelichain’s approach to optimizing the S&OP process encompasses various factors. They emphasize a structured strategy aligning with industry best practices, ensuring clarity and efficiency. Moreover, they recognize the importance of people and organizational alignment, fostering collaboration and communication among teams involved in the S&OP process. Lastly, their AI-driven technology is a powerful enabler, facilitating data-driven decision-making and enhancing the overall effectiveness of the S&OP process. By embracing this multifaceted approach, Intelichain enables clients to optimize their S&OP activities, improve demand understanding, and drive informed decision-making, ultimately achieving greater supply chain efficiency and enhanced business outcomes.
Success & Future Growth
Intelichain’s success can be attributed to several key factors that set them apart in the market.
From understanding the value of time, offering a phased approach that ensures rapid deployment and immediate benefits to an unwavering commitment to continuous learning and improvement. Intelichain combines advanced machine learning algorithms with a simple, modern, intuitive user interface offering an exceptional user experience. By leveraging cutting-edge technology in the background and providing a user-friendly interface, they empower the clients to navigate complex supply chain challenges effortlessly and confidently make data-driven decisions. To make their solution accessible, they offer a remarkable return on investment (ROI) within just one month. This makes the implementation process easy and worthwhile for companies, ensuring they can benefit from the solution without burdening their budgets.
In summary, Intelichain’s competitive advantage lies in its ability to deliver immediate value through rapid deployment, focus on continuous learning and improvement, and commitment to affordability. By offering a seamless and efficient planning journey, intuitive user experiences, and cost-effective solutions, the company enables their clients to achieve supply chain excellence and drive sustainable growth.
For the days ahead, the company has a clear roadmap to revolutionize the accessibility and user-friendliness of S&OP platforms for businesses. Intelichain’s primary focus is on demand planning, but they have exciting plans for 2024. “Next year, we are thrilled to introduce our Supply Planning platform, which will incorporate various cutting-edge features,” says Roei. “Our Supply Planning platform will offer a master planning optimization feature that provides feasible and optimal manufacturing plans. Furthermore, we are committed to expanding our Advanced Scenarios Planning capabilities. This feature will empower users to create “what-if” scenarios, allowing for quick and optimal decision-making processes.” For the company, the near future is amazing, its packed with tremendous opportunities, and companies must seize them by investing in smart solutions now rather than waiting for next year’s budget. As they say, “the best time to repair the roof is when the sun is shining. Intelichain offers an optimal solution to streamline your supply chain and embrace the possibilities of tomorrow.”
