↳MyIO: Software that processes vast amounts of data using AI and machine learning to deliver precise demand predictions, optimize inventory levels, and slash costs.
For distributors, wholesalers, e-commerce companies, engineering/assembly/manufacturing industry, repair and maintenance shops
FEATURES
Optimal order placement and inventory control
- Industry standard safety stock/reorder point algorithms
- Combinatorial optimization based ordering and stocking algorithms
- Optimization strategy, criteria and constraints tailored to customer
- Optimal ordering plan generation and tracking
- Various pricing and discount strategies and frame contracts
- Multi warehouse, multi currency
Highly accurate demand forecasting
- Point and probabilistic forecasts
- External data assimilation to improve forecasts (e.g. market, weather)
- Backtesting and forecast performance monitoring
- Customizable forecasting horizons and periods
- Planned projects and known demand incorporation to forecasts
Anomaly detection, impact assessment and prioritization
- Assessment of potential impacts resulting from anomalies
- Resolution prioritization based on impact and resolution effort
- Customer defined thresholds
- Alerts triggering and routing to designated roles
Campaigns and situation tagging
- Promo actions and sales campaigns
- Analyzing past occurrences using ad hoc and rule based tagging
- Strategizing campaign planning
- Proactively preparing for future scenarios by tagging forthcoming events
Supplier reliability estimation and BOM
- Analyzing suppliers' lead times and cost volatility
- Assessing supply availability risks
- Detecting or predicting suppliers' anomalies
- Hierarchical Bill of Materials (BOM) tailored to customer
- Multiple BOMs per customer
Business process management and automation
- Integration with business process management system
- Assignment of tasks to suitable individuals and roles
- Task completion monitoring, unresolved tasks escalation
- Automated resolution of routine situations
INSIDE MYIO
We combine deep learning, combinatorial optimization and boosting methods to deliver high predictive accuracy and optimization capabilities for huge amounts of data. The modular architecture enables seamless integration with your existing IT systems, eliminating disruptive overhauls. Identify the best suppliers based on price and lead time and build predictive maintenance models on the fly using historical and current procedures and failure events. A real-time overview of KPIs and inventory management metrics helps you to make data-driven decisions and adapt to market changes quickly.
The built-in anomaly detection system continuously monitors your trading plan and alerts you to potential problems demanding your attention. You can customize the alerts for specific orders or situations. Finally, our scenario simulations allow the evaluation of different inventory management strategies.
Got a technical question? Contact us
ARCHITECTURE
Key technical features
- Multitenant
- Full cloud, hybrid or on premise deployment to containerized environment
- High performance and scalability
- Role based security
- Responsive UI
THE IMPACT
ON LOGISTICS
Reduced Prices and Improved Access
MyIO's demand forecasting and inventory optimization lower costs, leading to better prices for consumers and easy access to goods.
Reliably Smooth Supply Chain
MyIO enhances supply chain resilience by predicting stock arrivals and demand accurately, preventing overstocking and stockouts.
Greener Logistics and Environment
You can configure MyIO to lower carbon footprint and contribute to a more sustainable logistics industry, reducing emissions and waste big time.
DEPLOYMENT Model Meets
Your Needs
Stand-alone solution:
everything under control
A comprehensive AI-powered solution for the entire supply chain applicable along with your internal or external IT systems. This model is ideal for companies who lack an Order Management System (OMS) or Enterprise Resource Planning (ERP) system, or who seek a broader solution beyond order management. It equips you with the full spectrum of MyIO's features automating your processes without the need for additional tools.
AI plugin: targeted
AI functionalities
If you already have an OMS or ERP system and want to enhance its functionalities with AI, MyIO's plugin is a perfect solution. Designed for seamless integration with your existing software, the plugin focuses on specific areas like demand forecasting, inventory optimization, and supplier selection. By leveraging data within your OMS or ERP, the plugin offers a quicker setup and integrates effortlessly into your workflows.
TAKE PART IN THE
TRANSFORMATION
OF SUPPLY CHAIN
Curious how MyIO can enhance your inventory optimization and demand forecasting? Connect with us to experience the solution on your data.