Neal Suidan and Michael Rossiter, ex-supply chain managers at Tesla, have launched an AI inventory firm called Atomic, aiming to improve demand and inventory planning efficiency. They secured $3 million in seed funding from DVx Ventures and Madrona. Suidan emphasizes the need for better tools for planners, who maintain supply chains through manual efforts. Former Tesla President Jon McNeill noted the delicate balance in inventory management, cautioning against tying up capital in stock or understocking, which can harm businesses. Atomic's AI platform reportedly reduces inventory costs by 20 to 50 percent for early adopters.
Planners are the unsung heroes of consumer brands, holding together supply chains through spreadsheets and sheer force of will. But they deserve better tools. We built Atomic to be the inventory planning system we always wished we had.
If you have too much capital tied up in inventory, you could really harm the business. And if you have too little, where you don't have the right things in stock when the customer is ready to purchase, then you're costing yourself big time.
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