"Other solutions treat data illness, like a medication. (SC)2 prevents data illness, like a vaccination."
Scottsdale, AZ and Stockholm, Sweden (PRWEB) September 07, 2016
With simultaneous announcements from IMAGINE: The Supply Chain of 2030 Global Summit in the US and the Nordic Supply Chain Conference in Sweden, Rulex Analytics today introduces Rulex (SC)2 ("SC Squared"), a new software solution for self-correcting supply chain data, and a beta user program for early adopters.
The (SC)2 beta program enables supply chain enterprises to rapidly prove the business value of the solution with their own data, and with existing skills. The first program participant, one of the world's largest manufacturers, has already recognized potential planning productivity improvements of 40% or more, and anticipates similar benefits throughout their supply chain.
Supply chain data errors cost global manufacturers billions of dollars in lost sales, increased transportation costs, idle inventory overhead, and service agreement penalties. And, conventional corrective solutions are struggling to keep pace with the rapidly growing volume, variety, and velocity of supply chain data.
"As the supply chain evolves to the Network of Networks, data errors will become more common, and their impact will be more widely felt across the business and beyond it," observed Lora Cecere, Supply Chain Insights Founder and CEO.
Rulex (SC)2 uses artificial intelligence to identify, explain, and correct data errors in the supply chain, from raw materials input through product distribution. Guided by supply chain planners and other business experts, Rulex (SC)2 automatically finds past data errors, teaches itself how to identify and correct such errors, and then uses that knowledge to correct new errors in live supply chain data, in real time, before they can negatively impact production or fulfilment.
"A supply chain is only as good as its data," said Andrea Ridi, Rulex CEO and co-founder. "Correcting errors in live data as soon as they occur is essential to the health of the entire system, and traditional corrective solutions can't do the job. They treat the data illness, like a medication. Rulex (SC)2 prevents the illness, like a vaccination," Dr. Ridi added.
The initial release of the (SC)2 solution is now available to large US and EU supply chain enterprises through the beta user program now being offered by Rulex, supply chain partner ToolsGroup, and their Nordic partner, Optilon.
Companies interested in joining the program can request an invitation by visiting the (SC)2 Beta page.
The early adopter beta user program will be supported on a global scale by Rulex, ToolsGroup, Optilon, and a growing community of implementation partners.
"Automated data correction is a big step in building the supply chain of tomorrow," said ToolsGroup CEO Joe Shamir. "We are proud to work with Rulex and our supply chain partners like Optilon in bringing this powerful solution to the market."
"We at Optilon have had our eyes on Rulex and their product development for a long time, confident in their capability to transform the market of predictive analytics and supply chains. With the release of Rulex (SC)2, Rulex proves their expertise and others will also understand that Rulex will play a leading part in the development of supply chain machine learning," said Anders Remnebäck, Director Application Board, Optilon.
About Rulex Analytics
Rulex Inc. offers the first-ever cognitive machine learning platform for the Enterprise and the Internet of Things. The Rulex® platform eliminates the programming and math skills, speculative data exploration, and iterative experimental modeling required by conventional machine learning algorithms, dramatically accelerating, simplifying, and lowering the cost of advanced predictive analytics. Please visit our website to learn more about Rulex.
ToolsGroup is a global provider of "Powerfully Simple" supply chain planning and demand analytics software. Our customers overcome volatile demand and challenging supply chains to generate accurate forecasts and outstanding customer service levels with less global inventory. Reliable behind-the-screen technology and scalable statistical models enable highly intelligent data-driven decision making, combined with ease of use. ToolsGroup's solutions span key supply chain planning areas such as Demand Forecasting and Collaboration, S&OP, Demand Sensing, Promotion Forecasting and Multi-Echelon Inventory Optimization (MEIO). For more information visit ToolsGroup on the web or follow us on Twitter @ToolsGroup.
Optilon creates business value for companies within manufacturing, e-commerce, wholesale and retail through independent application based solutions for planning and optimization of supply chains. The consultants are specialist and work within three main categories; Supply Chain Design, Service Optimization and Supply Chain Planning. Optilon is a Nordic company founded in 2005 with offices in Sweden, Finland and Denmark. Learn more about Optilon.