Kenco Logistics, North America's leading third-party logistics provider, announces the introduction of DaVinci AI, a product that provides advanced analytics capabilities spanning the entire supply chain.
FREMONT, CA: DaVinci AI, a foundational component of Kenco's digital transformation strategy, actively delivers customized solutions for intelligent visibility and transparency within the supply chain. For instance, within warehouse operations, DaVinci AI can proactively manage volume fluctuations, thus improving inventory management, and assessing market volatility to prescribe the ideal labor plan. Within the material handling arena, the product can predict equipment failure from all factors impacting maintenance to prevent lost time and productivity.
Ensuring on-time delivery, DaVinci AI proactively predicts service failures in the transportation network across all modes and carriers. Throughout the supply chain, DaVinci AI can provide cognitive insights to empower customers to prevent issues before they occur. DaVinci AI has already produced over $1M in annual savings within our customer operations.
Jason Minghini, Vice President, Supply Chain Solutions, Kenco Logistics, said that with the help of DaVinci AI, customers achieve better agility, resiliency, and predictability in their supply chain planning and operational functions. They develop and deploy solutions designed for each customer's unique needs that minimize complexity and enable them to deliver on their key service metrics.
DaVinci AI leverages machine learning and artificial intelligence (AI) to deliver anticipatory insights to Kenco's operations at the core of its functionality. The product can utilize structured and unstructured data from non-traditional sources that impact the solution, like weather and traffic information, or simple files from traditional sources, like Excel, to create predictive models within several supply chain areas.
While employing open-source tools and widely available techniques, DaVinci AI tailors the solution to the specific opportunity identified to drive bottom-line impact to the business. It is a marriage of art and science that involves implementing the algorithms in applying domain expertise.
Satish Vadlamani, Senior Manager, Advanced Analytics, Kenco Logistics, said that DaVinci AI product empowers to reveal the unknown by leveraging data science, utilizing machine learning and AI to drive actual business value.
As the COVID-19 pandemic's impact is felt across the globe, outages, closures, product scarcity, and labor shortages are a reality for many in the supply chain. Through advanced analytics products, like DaVinci AI, supply chains can not only respond intelligently to disruption but proactively prepare and consistently deliver throughout the disruption. Kenco's DaVinci AI solution predicted highly accurate outcomes through proprietary algorithms from the beginning of the pandemic, illustrating the product's robust nature. Enabling digital transformation through cognitive proactivity, DaVinci AI powers some of North America's best supply chains.