The bare shelves left in the wake of the pandemic made everyone aware of how fragile a supply chain can be, and how far the effects the disruption it caused can travel. But a new self-learning software promises to prevent this from happening again.
Verusen, an Atlanta-based supply chain materials intelligence provider founded in 2015, has developed an artificial intelligence (A.I.) system that the company says can identify and provide the tools to lower risk, increase inventory visibility, and optimize capital.
Customers are seeing $5 million to $50 million of working capital savings, averaging a nearly 345 percent return on investment, according to Verusen. This is achieved by reducing material redundancy and operational inefficiency, which reduces unneeded spending.
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SME is a nonprofit association of professionals, educators and students committed to promoting and supporting the manufacturing industry. SME helps manufacturers innovate, grow and prosper by promoting manufacturing technology, developing a skilled workforce and connecting the manufacturing industry.
