Adexa Achieves 30% Growth in 2023/24 FY
Expanding Client Base of Global Companies through Innovative Approach to AI
For immediate release
Contact: Ron Wilson | (310) 642-2100 | rwilson@adexa.com
Los Angeles, California – April 15, 2024: Adexa, a leading provider of a unified S&OP and S&OE solution, today announced 20% year over year growth ending in fiscal year 2023/24.
“Adexa plans and responds in real-time using stochastic modeling and machine learning, removing manual and time-consuming intervention by the users,” said John Hosford COO of Adexa. “Our customers have responded in an overwhelmingly positive way to our combined and unified planning and execution solutions. We are thrilled to be able to exhibit this tremendous company growth, which is a testament to our team’s ability to serve our customers and meet their evolving needs.”
Adexa customers are focused on agility and resilience in addition to profitability and optimization of their supply chain. The complexity of today’s supply chains dictates not just optimized plans but real-time response, and the ability to take into account ESG objectives such as carbon consumption limitations, regional regulatory rules, labor ethical standards as well as geopolitical risks built into the plan.
Adexa serves global companies with complex business processes and requirements in electronics, semiconductors, health sciences, industrial, chemical and process manufacturing and fabless companies. In just the past four quarters, Adexa has increased its customers by more than 30% across these industries.
Adexa continues to lead the market through its innovative approaches in AI and machine learning. Adexa Genies© helps the company’s global clients mitigate risk by continuous prediction and responding to disruptions within the company operations as well as exogenous events. This is done through three pillars of:
- self-correcting the model of the supply chain,
- self-improving the business policies, and
- self-optimizing the algorithms used to optimize the supply chain.
This approach keeps the digital twin of the supply chain always up to date to respond and predict better and faster.
About Adexa
Adexa is a leading AI-powered supply chain planning solution provider with hundreds of global Fortune class clients. Adexa solutions are based on a unique architecture that enables both S&OP and S&OE in ONE system to digitalize operations. Thus, our clients can grow to higher stages of supply chain maturity by simply adding more granular data to create a true digital twin. Adexa Genies©, or smart agents, automate business processes by continuously responding to events and learning from experience correcting the model and improving the supply chain operations autonomously. Learn more @ adexa.com
