MANTISSA

OPEN CALL 1 | INNOVATION SUPPORT

Name: An AI-driven solution towards a green and smart transformation of the inventory and warehouse management of manufacturing SMEs, increasing their resiliency to supply chain disruptions

Logistics | Supply chain management

Abstract:

Industrial Problem Addressed:

Our solution addresses the challenge posed by the M4M Open Call, which specifically targets the need for more efficient operations and supply chain management in the manufacturing sector. Many Small and Medium-sized Enterprises (SMEs) in manufacturing face difficulties in accurately predicting sales and maintaining optimal inventory levels, resulting in increased costs, stockouts, and supply chain disruptions.

The Solution:

The MANTISSA Inventory Optimisation Module is an innovative technology that harnesses the power of predictive analytics and dynamic safety stock management. At its core, the solution combines historical time series data analysis and machine learning algorithms to predict future sales. It then sets and continuously adjusts safety stock levels for various items in the company’s warehouse. Key functionalities include data integration, predictive analytics, real-time demand sensing, and ERP integration. On the other hand, the MANTISSA Voice Picking Solution is a voice-assisted picking system, aiming to replace the paper-based picking list with voice-based, hands-free operation. It may work in offline conditions for voice recognition and is, thus, independent on the presence of Internet connectivity in the warehouse or logistics centre.

Technology Readiness Level (TRL):

Our solution is at TRL 7, as it has undergone extensive testing and validation with the project end user (Rosver). It is poised for deployment and integration into manufacturing SMEs’ existing systems.

Innovation:

The innovation lies in our ability to provide SMEs with a comprehensive, data-driven supply chain management tool that was once only accessible to larger enterprises. By combining accurate sales predictions and dynamic safety stock adjustments, our solution enables manufacturing SMEs to optimise their inventory, reduce costs, and enhance supply chain resilience. It also offers real-time demand sensing and scenario planning, ensuring adaptability in rapidly changing markets. The innovation behind the Voice Picking Solution is a fundamental switch in warehouse operations, by leveraging cutting-edge automatic speech recognition technology, enabling real-time, hands-free communication between warehouse staff and the system. This innovation significantly reduces training time, minimizes errors, and enhances overall operational efficiency.

Users:

Our primary users are manufacturing SMEs looking to streamline their supply chain operations. The system can be used to accommodate various production patterns (make-to-stock, make-to-order, assemble-to-order etc.). Inventory managers, logistics teams, and supply chain planners are among the key stakeholders who benefit from our solution. Additionally, executives and decision-makers use the system’s insights to make informed strategic choices. The developed Voice Picking Solution directly benefits warehouse supervisors, order fulfilment teams, and logistics experts who leverage its voice-driven functionalities to streamline order picking tasks. Ultimately, our solution empowers these users to achieve better supply chain efficiency and profitability, reduce operational costs and improve overall warehouse productivity, while addressing the specific challenges highlighted in the M4M Open Call.

Main applicant