Cyrus Hadavi calls supply chains the bloodstream of every business. “It’s how to get the right product at the right time at the right place.” But this is exceedingly complicated when you have thousands of products and possibly hundreds of storage facilities. The COVID-19 pandemic has brought these issues to the forefront of public consciousness—but they’ve always been there. And Adexa has been helping companies solve supply chain problems since the very beginning of the digital era. Today they employ a sophisticated, AI-powered solution that didn’t exist at the time of their founding. On this edition of UpTech Report, Cyrus tells us how it all works.
Cyrus Hadavi, CEO, Adexa John Daly, President, Algomus Manju Devadas, CEO, Pluto7 Katy McShane, Director, Customer Success Lanetix Sanne Manders, COO, Flexport Dave Lubowe, Executive Director, EY (Moderator)
The Global Supply Chain Excellence Summit held at USC Marshall School has been designed to stimulate ideas and provoke conversation on a broad range of important topics. This year Adexa’s CEO, Dr. Cyrus Hadavi participated as a panelist on The Technology and Supply Chain Solutions session.
Dr. K. Cyrus Hadavi founded Adexa in 1994 with a dual mission: to enable enterprises to deliver higher earnings per share AND improved customer service. His strategy was to increase operational and financial performance with intelligent business planning solutions.The impact of Adexa solutions can be measured with gauges of increased efficiency and responsiveness, or financial markers such as improved revenues, profitability and returns on invested capital. Prior to founding Adexa, Dr. Hadavi directed implementations at i2 Technologies, Inc., delivering business solutions to Fortune 500 companies. Before that, he helped pioneer next-generation distributed problem-solving applications at Siemens.
Recently Attribute Based Planning has become extremely important for supply chain planning. However, attributes are not just in the finished goods, they are in every object in the supply chain including suppliers, equipment, WIP, processes, tools, locations etc. Learn how attributes can be used to make the planning engine modeling accurate, adaptable at the same time drastically reducing SKU proliferation.
A Digital Twin of the supply chain, like any other identical twin, needs to change when the physical version changes or else they could be fraternal! Or not even twins! The whole purpose of a digital twin is to represent your physical world accurately. Creating a digital twin of the supply chain is essential, however maintaining it is critical.
The resiliency and efficiency of your Supply chain depends on how you minimize future risks and plan for them by PREDICTING when and where it might occur and how it can be prevented. Adexa Genies© help to minimize the risk of stock-outs and reduce your inventory cost while maximizing service levels. These intelligent agents use very powerful AI and machine learning algorithms to enable your supply chain to run autonomously by sensing, acting and continuously learning.
Accurate supply chain planning is the key to digitalization. At Adexa we define Digitalization as a Digital Mirror© of your supply chain. This requires the ability of the system to model your supply chain in detail through the use of attributes. Otherwise having just an S&OP solution you are only one step above spreadsheet planning! Combining S&OP and S&OE and Attribute Based Planning with machine learning capability is how you merge Planning and Execution in a Unified Data Model.
A unified data model implies a single solution that can expand and contract vertically and extend horizontally only because it has a single data model. In the absence of the latter single solution code does not exist! Other solution providers may have a single code but they have yet to prove that they can extend it vertically to show detail and execution planning!
I am an Adexa Genie©. What you might call a digital expert. I am capable of performing all kinds of supply chain planning functions and keep getting better at it. How? Well just like you I can learn and improve. I can even learn from you! I can plan your production, decide on the product mix, respond to your customers and remind suppliers that their performance, well, has not been quite at par! I and my buddies perform all kinds of functions to run your supply chain autonomously and save you millions of dollars. We don’t even get paid for it! But if you LIKE us, please click that button to make us happier and more productive