Watson Supply Chain
Watson Supply Chain Software Description
Watson Supply Chain is a proprietary cloud-based supply chain management software system developed by IBM. It is designed to help companies manage their supply chains more effectively by optimizing inventory and shipping costs and identifying points of waste. It streamlines the way you predict, optimize, and measure performance to understand where your supply chain stands today and what improvements are possible. Moreover, it provides actionable insights to guide decision-making, and you can build a development roadmap that delivers measurable performance improvement.
Advanced analytics can be applied for forecasting demand, forecasting inventory, and preparing for the future. It comes with sales optimization – used to maximize profit by minimizing total cost while maximizing sales volume across all distribution channels. The system uses artificial intelligence and machine learning efforts to create optimization models and make recommendations. Watson Supply Chain helps companies within retail and consumer packaged goods manage their supply chains.