The supply chain just got smarter with Quintiq’s self-learning technology
- Posted on May 17, 2016
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The next level of supply chain maturity – the Self-Learning Supply Chain – will be revealed by Quintiq's co-founder and Chief Puzzle Solver, Victor Allis, during his presentation Big decisions: Hitting a moving target with advanced analytics at Grand Sonoran G on Tuesday, May 17 at 11.30am.
In his presentation, Dr. Allis will describe how in the conventional supply chain planning process, many assumptions are made based on human experience and rules of thumb, such as, how long it takes to get from A to B during rush hour, or how often a piece of machinery requires maintenance. With that comes wide margins of error, which lead to inaccurate, unreliable plans. It starts with a small deviation – a job on the production line takes longer than planned – and soon enough, thanks to the domino effect compounded by accumulating inaccuracies, the entire plan is void.
By contrast, the Self-Learning Supply Chain learns about a business and its processes by continuously analyzing historical data, and generates performance-based predictions, planning recommendations and improvements. For instance, it will measure the gap between planned and actual tasks, analyze the causes of the gap, and apply that knowledge to future plans, thus narrowing the gaps over time. Allis will present improvements in the accuracy of forecasts by as much as 30 percent.
The Self-Learning Supply Chain describes a set of capabilities that finally brings the true value of Big Data to the supply chain. Given Allis's background in artificial intelligence, it's no surprise that Quintiq is one of the first SCP&O providers to combine optimization and analytics in this way. Quintiq, a Dassault Systèmes company, is well known for its world-record-breaking optimization technology. With the launch of the Self-Learning Supply Chain, Quintiq ensures that the data, which is input for optimization, is as accurate, up to date and reliable as possible. According to Dr. Allis, "The self-learning capability dramatically increases the value that you get out of your SCP&O solution, and ultimately, your resources."
About Gartner Supply Chain Executive Conference 2016
Gartner Supply Chain Executive Conference 2016 is the world's most important gathering of supply chain leaders. A two-part, bimodal supply chain is the new reality for organizations. This marriage of two distinct approaches delivers day-in, day-out reliability and game-changing innovation at the same time. At this year's conference, chief supply chain officers and their leadership teams will learn how to create and manage a bimodal value chain strategy that achieves essential performance goals while simultaneously allowing for iteration and experimentation. Additional information is available at:http://www.gartner.com/events/na/supply-chain/#
Every business has its supply chain planning puzzles. Some of those puzzles are large. Some are complex. Some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning & optimization software platform. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), Quintiq has headquarters in the Netherlands and the USA, and offices around the world.
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