ATLANTA (June 17, 2020) – Verusen, an innovator in artificial intelligence, materials inventory and data management technology, announced today that it has been named to the Supply & Demand Chain Executive’s SDCE 100 for 2020. The prestigious list spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to drive improvement in their own operations.
Verusen’s successful work with a Fortune 500 pulp and paper manufacturer with more than 120 North American facilities exemplifies the impact of its AI-based Intelligent Connected Supply Chain platform can quickly make. The manufacturer set an aggressive initiative to reduce working capital by $5 million, obtain enterprise inventory visibility and rebalance inventory through a virtual maintenance, repair and operating (MRO) inventory network. In less than 100 days, Verusen’s AI platform produced more than $20 million in verified savings.
With Verusen’s cloud platform, the team laid the appropriate data foundation by structuring its material master (MM) data in a matter of weeks instead of months or years. Leveraging AI/machine learning, the platform provides a simple, low-touch, self-cleansing approach to structuring materials data, allowing the company to accelerate their global sourcing and procurement strategies.
“Our clients’ testament of speed and scale to value is how they view our value and their success. We are pleased to have one of our many projects recognized as a 2020 SCDE award winner,” said Paul Noble, founder and CEO of Verusen. “We’re delivering significant results for asset-intensive businesses around the world, helping them run leaner and avoid costly downtime by analyzing their parts inventories to reduce over procurement, while at the same time optimizing stock levels and working capital. We will continue to innovate and remain at the forefront of intelligent supply chain technologies, keeping a keen focus on specific, outcome-based solutions for inventory management.”
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. For the full list of the SDCE 100, visit www.SDCExec.com.
This year, Verusen was named as a Top-40 Innovative Technology Company by the Technology Association of Georgia (TAG), received the Atlanta Supply Chain City Leadership Excellence Award, and Noble was named as a 2020 “Pro to Know” by Supply & Demand Chain Executive magazine.
Verusen is an innovator in materials inventory and data management technology that uses artificial intelligence to reduce working capital and support more agile supply chains. The company’s cloud platform harmonizes disparate materials inventory data from ERP and other systems for more proactive materials management, while also providing predictive capabilities that continually optimize inventory allocation and identify procurement needs. Based in Atlanta at the ATDC, Verusen is a SAP.iO company and was recently named a Top-40 Innovative Technology Company by the Technology Association of Georgia (TAG). Visit verusen.com for more information, or follow us on Twitter at @Verusen_AI and LinkedIn.