News Release

WALLA WALLA, Washington. December 3, 2021 – Supply chain solutions provider Vizen Analytics is launching an enhanced version of its proprietary Empowered-AI™ demand forecasting platform.

The latest version includes the ability to curate ultra-accurate prediction models utilizing a combination of client sales data and third-party external data sources relevant to the specific use case.

“We have tested Empowered-AI™ against some of the world’s best demand forecasting systems and we have outperformed them,” said Vizen Analytics CEO Greg Foster. “We aren’t stopping there. It’s going to get even better over time as we bring extra data into our model, and we expand into more use cases.”

Foster said Empowered-AI™ is already being used to help the automotive industry better manage supply chains through the current chip shortage as well as helping the food industry tighten purchasing processes to reduce food waste.

“Our goal is to help flatten the bullwhip effect in supply chains,” Foster said. “The current pandemic has increased the severity of this effect. Buyers are over-purchasing more than ever and we are seeing a lot of products in the wrong places at the wrong time. With more accurate demand forecasting from Empowered-AI™, we can increase visibility through the supply chain and reduce panic buying.”

Empowered-AI™ is offered in a tailored SaaS subscription and can be implemented at a purchasing organization in less than 90 days. Most companies can expect to see demand forecasting accuracy improve between 10 and 20 percent once fully implemented.

Vizen Analytics is a Washington-based tech startup specializing in SaaS-based demand forecasting software. The company’s Empowered-AI™ platform includes highly advanced AI and machine learning algorithms to help manufacturers, distributors, and retailers lower operating costs through tightly managed inventory purchasing and freight movement.