Kraft Heinz has developed an AI system called ‘Lighthouse’ to help forecast supply chain demands through 2024. The system uses machine learning to analyze data from various sources, including sales, inventory, and external factors like weather and commodity prices. Lighthouse can predict demand for Kraft Heinz’s products up to 18 months in advance, allowing the company to optimize production and distribution. The AI system has already helped Kraft Heinz reduce excess inventory and improve service levels. Lighthouse is part of Kraft Heinz’s broader digital transformation efforts, which also include automating manual processes and leveraging data analytics. The company plans to expand the use of AI and machine learning to other areas of its operations.
Source: https://www.businessinsider.com/kraft-heinz-ai-lighthouse-helps-forecast-supply-chain-demands-2024-8