Throughput Review: Features, Integration and Pricing 2023
Throughput AI is helping many companies take total control of their supply chain operations. Traditionally, businesses relied on paper records, spreadsheets, and human intuition to manage their supply chains. These methods were time-consuming, prone to errors, and often led to understocking and overstocking issues.
Introducing AI-powered software like Throughput has significantly improved supply chain management. This solution automates tasks, enhances forecasting accuracy, and provides real-time data analysis, enabling businesses to make informed decisions. In fact, it plays a crucial role in increasing efficiency and adaptability in modern supply chain management.
In this article, we’ll discuss Throughput, its most notable features, pricing, and terms of service to know if it’s the right solution for streamlining your operations.
Throughput Overview
Throughput is an AI-powered supply chain software that lets companies ensure the optimal performance of their supply chain to improve output. Since its inception in 2017, Throughput has empowered businesses to eliminate industrial bottlenecks and reduce waste due to the underutilized resources across their global supply chain.
The platform leverages data analytics and AI algorithms to make supply chain operations more efficient, responsive, and agile. It is a trusted supply chain partner for leading businesses, including Unilever, Hormel Foods, Progreso, Holcim, Swissport, Ford Otosan, and Esselunga.
Literally, the word “Throughput” refers to the rate at which a process can deliver or produce a certain quantity of data within the specified period. That points to the company’s aim to aid the flow of supply chains to reduce operational expenses and enhance inventory optimization.
Throughput is suitable for use across multiple industries like transportation & logistics, retail & supermarkets, food, manufacturing, automotive, and ports. Not to mention, companies’ decision makers, such as the head of logistics and chief supply chain officer, will find the software helpful for accelerating decision-making with real-time demand & supply insights.
Throughput ranks as one of the top-rated supply chain optimization solutions, as industry experts like Microsoft Preferred Solution and Forbes Communication Council recognize it. The supply chain software has also received accolades like Food Logistics 2021 Top Green Providers, Food Logistics Top Software and Tech Awards 2021, and Top Supply Chain Solution Providers.
- Established: 2017
- Founder: Ali Raza
- Office: Palo Alto, California
5 Core Features of the Throughput
Expert Opinion: Throughput Reviews
Rating: 4.6/5
Throughput is an AI supply chain solution that enables businesses to gain visibility into their supply chain to understand customers, meet growing demands, and fix bottlenecks in real time.
From the moment we accessed Throughput, we were impressed with its intuitive and user-friendly interface. The software doesn’t require a steep learning curve, and we could quickly deploy it into our existing systems to remove redundant processes in our supply chain.
The platform particularly helps to prioritize high-value products, leaving users with more capital for producing these products. However, it would help if the company provided a clear feature listing, integrations, and pricing structure for its solution. This would enable potential customers to understand how Throughput can help them forecast demand trends to drive sales.
Thanks to the software’s visibility into Stock Keeping Units (SKUs), we observed a significant reduction in transport costs for its users. The software made it easy to plan stock replenishment, space allocation, and packaging to ensure the consistent availability of products and ensure our trucks operate at maximum capacity.
Another aspect of Throughput that cannot be understated is its replenishment planning capability. With it, we could handle understocking or overstocking our inventory seamlessly.
Ultimately, Throughput is vital for helping businesses analyze product demands and make end-to-end changes across their supply chain to meet customers’ expectations.
Throughput Notable Features
The company offers several security solutions through its products, Acrulix and SecureAuth IDP. These solutions include Zero Trust, Cyber Insurance and PCI compliance, and FIDO authentication. Below is a review of SecureAuth features and their contribution to the user experience.
1. Capacity Planning Optimization
Businesses that can strike a balance between their supply and demand typically find it easy to maximize resources efficiently. Throughput offers users capacity planning optimization functionalities to reduce losses by maximizing real-time demand.
Through this feature, you can use trends, patterns, and anomalies to minimize operation expenses. Rather than using guesswork for resource allocation, it helps you pick the best resources that will help meet demand. Throughput capacity planning also covers scenario analysis.
The software lets you plan risk mitigation strategies for idle time, excess capacity, and expedited shipments. Demand planners and capacity managers will appreciate this feature for adjusting capacity and production schedules in response to changing market conditions.
2. Supply Chain Analytics
Throughput includes tools for collecting and analyzing supply chain data. These tools provide businesses with valuable insights to make informed decisions. With data from your sales, transportation, production, and inventory departments, Throughput can identify patterns and anomalies in your supply chain.
While many AI supply chain solutions give you predictive analytics of your demand and supply, the software goes a step further to offer prescriptive analysis. That means it lists actionable steps your business should take to improve supply chain operation holistically.
Besides, you’ll likely have a few issues interpreting your supply chain data, as the software presents them via graphs, charts, reports, and dashboards. Through its supply chain analytics, evaluating your supplier and vendor performance becomes more manageable.
3. Supply Chain Roadmap & Master Planning
For your business to continuously exceed its sales target, you need to create a detailed master plan for your supply chain. Throughput’s supply chain roadmap feature lets you put your supply chain on autopilot. It outlines the long-term goals, objectives, and vision of your supply chain.
The roadmap also includes change management strategies, enabling your company to transition smoothly from its current supply chain process to the desired state. Here, you’ll find multiple key performance indicators (KPIs) to measure your progress and success in achieving supply chain goals.
Meanwhile, Throughput’s master planning focuses on your business’s operational aspects. For example, this feature lets you create a detailed plan for your procurement, inventory management, distribution, and production functions. This helps to ensure that your supply chain strategies are effectively translated into practical action, leading to cost reduction and alignment with business goals.
4. Financial Planning
Many companies need help with cost control due to the complexity and volatility of their supply chain. These supply chains are volatile due to fluctuations in commodity prices, fuel costs, and currency exchange rates.
To address this issue, Throughput provides businesses with tools for financial planning. It helps in the allocation of budget for various supply chain functions. This way, you can distribute your financial resources optimally without overspending in one department at the expense of another.
Throughput’s financial planning feature also prioritizes the profitability, revenue, ROI, and cost tied to your supply chain. Instead of pricing products randomly, the software evaluates the profitability of your customer segment, product, and geographic location within the supply chain. This allows you to make better pricing decisions and mitigate financial risks.
5. Root Cause Analysis
It’s 2023, yet some companies still encounter bottlenecks and delays at several points of their supply chain, resulting in additional costs and missed sales. To save you the manual work of overhauling your supply chain operations to find inefficiencies, Throughput offers root cause analysis. With this feature, you can quickly identify underlying disruptions or problems in your operations.
Once the AI supply chain software identifies deviations in performance, it assesses their impact and gives actionable recommendations. These recommendations usually involve process improvements, logistics adjustments, changes in supplier relationships, and more. You’ll particularly value this feature to avoid delivery delays, excess inventory, stockout, and quality defects.
Not to mention, you can use Throughput’s root cause analysis to drive continuous improvements within your supply chain. Overall, it helps to ensure seamless operational performance, reduce surprises, and free up time to focus on larger tasks.
Throughput Integrations
Businesses that predict demand can easily set realistic supply chain goals to meet customers’ needs. Thankfully, Throughput provides users with multiple integrations to meet customers at the right place, time, and quantity. It integrates excellently with AI solutions to help you manage a wider supply chain without wasting resources.
Keep in mind that the software’s integration varies according to industry. For example, individuals in the transportation and logistics department can use Throughput alongside tools like Azure, Snowflakes, Oracle, Manhattan Associates, and SAP.
Here are some of the solution’s main integrations:
1. Systems, Applications, and Products in Data Processing (SAP)
By connecting Throughput with your existing SAP systems, you can reset demands according to priorities in your supply chain. It lets you leverage SAP data to identify your business’s top-selling products that generate the highest revenue.
2. Oracle
Once you use the AI supply chain software alongside Oracle’s applications, you get better visibility into your operations and their impact on business and financial performance. The integration helps to streamline supply chain processes like order fulfillment and inventory management, leading to increased efficiency.
3. Microsoft Dynamics 365
To get a holistic view of your business, connect Throughput with Microsoft Dynamics 365. Doing this lets you create an ecosystem to easily incorporate your financial, customer, and operating systems for improved business performance.
4. Snowflake
This software offers a centralized platform for storing and managing large data volumes. Integrating Snowflake enables Throughput to accommodate increased data as your business expands.
Plans and Pricing
Throughput is a supply chain solution that doesn’t display pricing information. Its pricing in 2023 varies depending on the usage, scale, and specific features each industry requires to identify inefficiencies in its supply chain and predict demand trends.
Not to mention, there’s a service differentiation in the integration and functionalities it provides. Hence, it’s best to contact their customer support directly to get your price quote.
Terms and Policies
Once you use Throughput’s site or services, you agree to abide by the company’s terms of service. The solution collects users personal information like name, postal address, e-mail address, telephone and wireless service provider.
With this information, the AI supply chain software customizes its services and updates its products to meet several customers’ needs.
As Throughput upholds users’ privacy, it cannot share your data with third parties. However, the company reserves the right to disclose your information to comply with a legal requirement, such as a law, regulation, court order, subpoena, or search warrant.
To avoid any breach of privacy, it’s best to turn off your web cookies to prevent the platform from logging your data. Persons under the age of 13 cannot enjoy Throughput’s services, as the platform will not knowingly collect their data.
Customer Support
Bothered about the learning curve associated with this AI supply chain software? Well, you’re in luck. Throughput offers users dedicated customer support via email, phone, and contact forms. On the website, you’ll find a wealth of resources that make deploying the software simple. The platform features blog posts, ebooks, white papers, solution briefs, case studies, webinars, videos, data sheets, and a resource library.
This way, you can understand how to leverage Throughput to manage bottlenecks in your supply chain, meet customer expectations, and optimize operational capacity. That’s not all; the solution has a podcast where you can listen to supply chain experts discuss how to achieve accurate inventory and maximize revenue.
To speak with a customer agent, visit the website to fill out a contact form detailing your name, email, and the bottleneck you want to eliminate in your supply chain. You can also reach Throughput through its telephone channel at +1 650 564 3901 or email info@throughput.ai.
Conclusion
When operating a supply chain, you don’t need to create multiple -what-if – scenarios to ensure optimal performance. Throughput empowers businesses to harness data and enhance their supply chain operations. The software provides features for improving efficiency, reducing costs, and enhancing customer service.
Rather than waiting for demand before manufacturing products, the AI supply chain solution ensures your products are consistently available to meet customer demand. Throughput is a valuable tool for businesses seeking a competitive edge in today’s dynamic business environment. To test the software within your business environment, you can request its demo.
Contributors: Yinka ODUFOTE (Technical Writer); John AYANFE (Graphic Designer)
