Mobility leaders aim to improve supply chain agility and efficiency
Lyon, France, February 27, 2024–(BUSINESS WIRE)–Cosmotech announced that it has been selected by Michelin North America to help improve supply chain simulation and optimize operations.
The overall objective of implementing Cosmotech’s solution is to enable supply chain and marketing managers to predict the impact of fluctuating demand and predict the future state of Michelin’s complex supply chain, thereby improving supply chain It aims to improve agility and efficiency.
“At Michelin, we aim to provide excellent service to our customers. Since our founding 135 years ago, we have invested in innovation in customer service,” said Director of Supply Chain and Logistics, Michelin North America, Inc. said Vice President George Kurian. By partnering with AI and supply chain simulation experts like Cosmo Tech, we can adopt a more agile approach and accelerate transformation in our supply chain and business. ”
Founded in 2010, Cosmo Tech is a software company known for its expertise in AI simulation and enterprise digital twins. Its platform brings predictive and prescriptive capabilities that support both enterprise decision-making and business optimization.
“While we have previously worked with Michelin to improve its supply chain to increase cost efficiencies and reduce carbon emissions, we are expanding our relationship with our latest AI simulation technology in North America to help Michelin supply chain scenario planning. We are proud to be able to support our customers and to be agile and adapt to our environment. Demand is fluctuating in an increasingly complex and uncertain environment,” said Cosmotech Co-Founder and CEO. ) said Hugues de Bantel.
Michel Morvan, co-founder and executive chairman of Cosmotech, added: “The ability to accurately predict the impact of change in complex supply chains and test thousands of scenarios to ensure an optimal response is a powerful enabler. This is game-changing for enterprise organizations, and we look forward to the positive impact our AI simulation platform will have on the supply chain extending to Michelin North America.”
Michelin North America has 34 production facilities in two countries and employs more than 23,000 people. With annual sales of more than $8 billion, the company is a leader in mobility, sustainability, and provides the most innovative tires, services and solutions to meet customer needs.
About Cosmotech
Cosmo Tech provides AI simulation and digital twins for enterprise decision-making. Decision makers use his Cosmo Tech software, which utilizes goal-seeking simulations generated from his 360-degree twin of the organization, to navigate complexity and uncertainty. They can test the impact of disruptions and decisions, set target performance metrics, and find the best path among millions of possible futures. Leading manufacturing, automotive, energy, and transportation companies combine Cosmo Tech’s predictive and prescriptive capabilities to predict what will happen and confidently optimize operations, improve profitability, and build resilience and We use it to build sustainability. For more information http://www.cosmotech.com
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