Jabil & Cyferd: AI-Powered Procurement Boosts Manufacturing
Jabil, a renowned leader in the engineering, manufacturing and supply chain sectors has announced ID8 Global, its joint venture with the AI innovator Cyferd.
This partnership is bringing generative AI to the forefront of manufacturing procurement through an autonomous software platform.
A platform which is designed to fundamentally redefine supply chain and procurement operations.
"Through this joint venture, we're driving smarter, more sustainable decision-making workflows across the supply chain ecosystem and building the foundation for autonomous, resilient supply chain management," comments Jeff Austin, Vice President of Procurement and Supply Chain Services at Jabil.
ID8 Global offers a wealth of advantages to manufacturers, built on a foundation of Jabil’s extensive global supply chain experience and Cyferd’s sophisticated platform capabilities.
Cyferd's self-learning AI engine Neural genesis is extremely powerful, helping manufacturers approach procurement in a more strategic and data-driven manner.
The platform is poised to boost efficiency across the manufacturing sector, benefitting the broader supply chain.
"By merging Jabil's industry expertise with Cyferd's cutting-edge AI capabilities, we're not just improving the supply chain; we're reimagining it," says Frank McKay, Chief Procurement and Supply Chain Officer at Jabil
"This platform will help organisations scale faster and adapt to global demands. We're at the forefront of something truly transformative that will strengthen Jabil's relationships with its customers and suppliers."
"Our alliance with Jabil through this joint venture redefines what's possible in supply chain and procurement management," adds Ranjit Bahia, CEO at Cyferd.
"With Cyferd's self-learning engine, which can create AI agents and applications in minutes, we're creating dramatic efficiencies in digital transformation and seamless data integration within organisations.
"Paired with Jabil's unparalleled knowledge and decades of expertise, we're creating one of the most advanced self-learning platforms on the planet. This is a leap forward for flexible, proactive supply chain operations."
The cutting-edge platform engineered by ID8 Global boasts the capability to autonomously streamline highly intricate, multi-tiered supply chains with unrivalled speed and accuracy.
By empowering manufacturers to pre-emptively tackle disruptions and adapt procurement strategies in response to market shifts, this technology gives users a competitive edge in today's volatile supply chain.
The platform was formally introduced at Electronica in Munich's Trade Fair Centre Messe München - and is sure to have a transformative impact on procurement within manufacturing.
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