Product Overview of Solvoyo
Solvoyo is a cutting-edge, cloud-native supply chain management platform designed to automate and optimize various aspects of supply chain operations, from demand planning to delivery. Here’s a detailed look at what the product does and its key features.
What Solvoyo Does
Solvoyo is engineered to streamline and automate supply chain processes, enabling businesses to achieve higher levels of efficiency, reduce costs, and enhance customer satisfaction. The platform leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), and generative AI to provide actionable insights and automate decision-making.
Key Features and Functionality
Supply Chain Planning and Optimization
- Demand Planning: Solvoyo offers robust demand planning capabilities to forecast demand accurately and adjust supply chain operations accordingly.
- Inventory Optimization: The platform uses ML-supported inventory optimization to minimize inventory levels while ensuring high service levels.
- Supply Planning: It optimizes supply chain operations by aligning supply with demand, reducing waste, and improving availability.
- Production Planning: Solvoyo includes production planning with an in-memory engine to optimize production schedules and resource allocation.
Sales and Operations Planning (S&OP)
- The platform facilitates multi-functional collaboration for supply-demand reconciliation, ensuring alignment across different departments.
Automation and Decision Making
- Automated Decision Making: Solvoyo automates inventory, supply, production, fulfillment, and transportation decisions with minimal human intervention, using AI and proprietary optimization technology.
- Job Scheduler: The platform features a powerful Job Scheduler that automates complex workflows, including data exchange, diagnostics, report generation, and alert generation, to ensure smooth execution of tasks.
Analytics and Visibility
- Advanced Analytics: Solvoyo employs advanced statistical and AI/ML techniques such as XGBoost, Supervised/Unsupervised Learning, Neural Networks, and Natural Language Processing to provide deep insights into supply chain operations.
- Real-Time Analytics: The platform offers real-time analytics and end-to-end visibility through a control tower, enabling businesses to track performance metrics and identify areas for improvement.
Integration and Flexibility
- Data Integration: Solvoyo can integrate with various data sources, including SAP, Oracle, Microsoft Dynamics, and Excel, using industry-standard and brand-specific integration methods.
- Configurable UI: The platform features a configurable user interface (CUI) and a proprietary workflow engine, allowing it to adapt to the unique requirements of each business.
Network Design and Transportation
- Network Design: Solvoyo includes Strategic Network Design capabilities to align supply chain infrastructure with customer requirements and business strategy, performing end-to-end trade-off analysis using Total Cost to Serve models.
- Transportation Planning: The platform optimizes transportation routing and scheduling to reduce logistics costs and improve delivery times.
Customer Support and Implementation
- Implementation Process: The implementation typically takes 3-4 months, starting with a discovery phase to gather business requirements. Solvoyo offers a SaaS business model with a one-time onboarding fee and monthly SaaS fees.
- Customer Success: Solvoyo provides dedicated customer success teams to configure industry-specific templates and ensure high user acceptance rates for its recommendations.
Benefits
Using Solvoyo, businesses can achieve significant benefits, including:
- Inventory reduction
- Transportation cost reduction
- Improved on-time fulfillment and availability
- Enhanced customer experience
- EBITDA improvement
- Carbon footprint reduction
- Increased service levels and logistics savings.
Overall, Solvoyo is a comprehensive supply chain management platform that leverages advanced technologies to automate and optimize supply chain operations, providing businesses with the insights and capabilities necessary to drive success and stay ahead in a dynamic supply chain landscape.