JDA to develop supply chain innovations with Massachusetts Institute of Technology
JDA has signed a multi-year collaboration with the Massachusetts Institute of Technology (MIT) focused on joint research to create new and innovative capabilities within the supply chain.
The partnership will focus on the utilisation of intelligent edge technologies like machine learning, AI, IoT and advanced analytics.
In a release, JDA said it will work closely with MIT’s Institute for Data, Systems, and Society (IDSS), a world-class research and innovation team.
MIT’s team will be led by Dr. David Simchi-Levi, professor of engineering systems and renowned supply chain expert, to develop new solutions that predict supply chain demand, increase cognitive responses and embrace the intelligent edge.
“It is more critical than ever to infuse innovation into every aspect of the supply chain, as edge technologies such as the Internet of Things (IoT) and artificial intelligence (AI) are essential to digitally transforming supply chains,” said Desikan Madhavanur, executive vice president and chief development officer, JDA.
“We are excited to be working on the future of supply chain with MIT to double-down on researching enhanced, innovative and value-driven supply chain solutions.”
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The research will be conducted in concert with JDA’s product development team as well as JDA Labs team, a dedicated research and development group committed to delivering patentable innovations and new products to the market.
JDA and IDSS will create real world use cases to expand predictive demand, intelligent execution and advanced supply chain and retail planning that will yield a unique, prescriptive supply chain.
These use cases will explore new data science algorithms for predictive behaviour and prescriptive cognitive optimisation that go a step further than current processes by not only taking into account past behaviours.
The work of JDA Labs and JDA’s has resulted in over 400 patents granted and pending for the supply chain – the largest patent portfolio of any company in the field of supply chain management.
In addition, JDA is the only company to have been named a leader in all five Gartner Magic Quadrants focused on supply chain and retail.
