Border States has partnered with GAINS to leverage the new GAINS Halo360\u00b0 Decision
Engineering and Orchestration Platform to deliver a machine learning (ML) solution to improve lead time accuracy and supply chain performance. Today, there is unprecedented pressure on working capital as lead time variability makes it difficult for supply chain professionals to optimize inventory and align procurement decisions. GAINS Lead Time Prediction (LTP) enables Border States to determine lead times with greater accuracy, resulting in enhanced customer service, aligned inventory and procurement functions, and improvement in working capital.<\/p>\r\n\r\n\r\n\r\n
Composed in GAINS Halo360\u00b0, the AI-powered lead time prediction solution uses lateral
learning to rapidly respond to changing environments and generate trustworthy lead time
predictions for items with limited or no supply data. Using Border States\u2019 data and ML
techniques, GAINS LTP creates a model unique to the distributor\u2019s supply chain. As the model is continually trained using Border States\u2019 latest dataset, the solution will calculate lead times with greater and greater accuracy over time.<\/p>\r\n\r\n\r\n\r\n
\u201cBorder States is always looking for new and innovative ways to add value throughout
the supply chain for our customers, vendors and other employee owners,\u201d said Richelle Bishoff, VP Procurement. \u201cPartnering with GAINS to customize and develop transformative technology, like the lead time prediction tool, will support our ability to serve unstoppable businesses, because we know they can\u2019t go it alone. This technology is one of the most exciting advancements in inventory and demand planning the industry has seen in many years, and we are thrilled to be ushering in these capabilities together.\u201d<\/p>\r\n\r\n\r\n\r\n
\u201cHelping Border States exceed customers\u2019 expectations drives GAINS\u2019 Data Science
team to innovate and deliver new machine learning and AI capabilities,\u201d said Amber Salley, Vice President of Industry Solutions at GAINS. \u201cLeveraging Halo360\u00b0, the GAINS Lead Time Prediction service uses machine learning to deliver a higher level of accuracy than traditional methods. Companies become more confident in their replenishment decisions, avoid value leakage and better meet service, cost and capacity goals \u2014 a difficult task given the volatility of today\u2019s markets. We are delighted to partner and collaborate with the Border States team on this successful project and excited about the results they already see from the Halo360\u00b0 offering.\u201d<\/p>\r\n\r\n\r\n\r\n