LMI has launched a platform designed to help program managers and analysts gain insights into risks and opportunities in their supply chains and accelerate the decision-making process to mitigate risks posed by foreign ownership, transportation and other supply chain problems.
LogSmart Supply uses machine learning and simulation engines to enable managers to run custom risk scenarios and come up with mitigation strategies using their organizations’ supply chain data, the company said Monday.
“We have experienced a massive increase in organizations collecting data about their supply chains in the past two years. But the challenge remains answering the ‘so-what’ quickly, and at scale,” said Patrick Mahoney, vice president of supply chain management at LMI.
“LogSmart Supply helps address that need by enabling analysts and leaders alike to quickly understand impacts to their supply chains and determine the right resilience investments,” added Mahoney.