▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...
InnovationOpenLab

QAD Announces New AI Classification Capabilities at the 2024 Gartner® Supply Chain Symposium/Xpo™

QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, today announced significant new capabilities to its Import Management solution from the Gartner S...

Business Wire

QAD leverages machine learning to speed up classification process

BARCELONA, Spain: QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, today announced significant new capabilities to its Import Management solution from the Gartner Supply Chain Symposium/Xpo 2024.

QAD Import Management — a part of QAD Global Trade and Transportation Execution (GTTE) — now includes a product classification tool powered by artificial intelligence. Product classification is the assignment of an item’s identifying commodity code based on the Harmonized System of the World Customs Organization. This code is used by customs authorities to process imports and exports as well as assess duties and taxes.

“Product classification is arguably the most important data element in an international trade transaction, but also one of the most time-consuming and complex tasks that trade professionals must undertake,” said Carter Lloyds, Chief Product and Marketing Officer at QAD. “This new capability underscores QAD’s ‘Pragmatic AI’ strategy of using artificial intelligence to assist people to solve problems.”

QAD’s machine learning algorithm compares data against that of previously classified products and returns a list of recommended products with their respective HS codes, based on the percentage of match. This accelerates classification by starting with a known HS code of a same or similar product. If the user confirms the recommended HS code, the result is passed back to the system where it ‘learns’ from the response and can adjust the results accordingly for future comparisons.

“This will fundamentally change the way product classification is traditionally performed today by allowing the importer to ‘work backwards’ from an established product classification, thus saving companies considerable time while promoting classification speed, accuracy and consistency,” added Lloyds. “We look forward to seeing these advances in technology in action.”

For more information about how QAD solutions can further enable your transformation journey, visit qad.com.

GARTNER is a registered trademark and service mark and SUPPLY CHAIN SYMPOSIUM/XPO is a trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Gartner Supply Chain Symposium/Xpo

Gartner Supply Chain Symposium/Xpo conference delivers must-have insights, strategies and frameworks for chief supply chain officers (CSCOs) and supply chain leaders to think big and drive real impact within their organizations. Join a global community of CSCOs and supply chain executives in 2024. For more information visit: https://www.gartner.com/en/conferences/emea/supply-chain-spain

About QAD – Enabling Adaptive Enterprises

QAD Inc. is a leading provider of next-generation manufacturing and supply chain solutions in the cloud. To succeed in a turbulent world, facing disruptions in supply and fluctuations in demand, manufacturers and supply chains must rapidly respond to change and seamlessly optimize agility, efficiency, and resilience for effective customer service. QAD delivers Adaptive Applications to enable these Adaptive Enterprises.

Founded in Santa Barbara, California, QAD has customers in 84 countries around the world. Thousands of companies have deployed QAD enterprise solutions including enterprise resource planning (ERP), digital commerce (DC), supplier relationship management (SRM), digital supply chain planning (DSCP), global trade and transportation execution (GTTE), enterprise quality management system (EQMS), connected workforce and process intelligence. To learn more, visit www.qad.com or call +1 805-566-6100. Find us on LinkedIn, X, Facebook and Instagram.

“QAD” is a registered trademark of QAD. All other products or company names herein may be trademarks of their respective owners.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

Axyon AI: Italian Artificial Intelligence for Finance applications

Axyon AI offers an AI platform specifically designed for asset management, with several interesting strengths for those approaching machine/deep learning…

Italian Artificial Intelligence tackles medical emergencies at sea

Mermaid-AI is a telehealth platform at sea based on a visor equipped with an AR, medical Artificial Intelligence algorithms, satellite communications…

Gyala: a new "Made in Italy" cybersecurity

With a proven track record in the defence field, Gyala now also brings its cybersecurity technologies to the wider enterprise audience

ITALIAN PROJECT AWARDS 2023: the best IT projects of the year, awarded

Now in its third edition, the initiative is targeted at the ICT professional world and honours projects based on innovative ideas and technologies, realised…

Most read

Sheba Microsystems Welcomes MEMS Technology Leader and Entrepreneur Matt…

Sheba Microsystems Inc. (Sheba) a global leader in MEMS technologies, today announced the appointment of Matt Crowley as Senior Strategic Advisor. Matt…

Worldwide Public Cloud Services Revenues Grew 19.9% Year Over Year in…

#AWS--Worldwide revenue for the public cloud services market totaled $669.2 billion in calendar year 2023, an increase of 19.9% compared to 2022, according…

Maximus Supports Provider Module Certification for Ohio Department of…

Maximus, a leading employer and provider of government services worldwide, today announced that its state client, the Ohio Department of Medicaid, has…

Large Language Model (LLM) Markets 2024-2034 with OpenAI, Google, Meta,…

The "Large Language Model (LLM) Market - A Global and Regional Analysis: Focus on Application, Architecture, Model Size, and Region - Analysis and Forecast,…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!