Company uses AI to help manufacturers map 'ethical' supply chains, but warns 'it's not a magic wand'

Large Language Models are speeding up spend data cleansing by over 90%, according to FRDM: A large Fortune 100 company with 70,000 direct suppliers can get their supply chain mapped up to tier three suppliers in days rather than months or even years. The tiers note degrees of separation from a vendor, with tier one presenting direct supplies while tier three suppliers are suppliers to direct suppliers.

Justin Dillon, CEO and founder of FRDM, a software company seeking to help manufacturers and vendors achieve ethical and transparent supply chains.child laborers in textile mills in Turkey"He was able to find these kids with phones who didn’t know any better and were just showing themselves sewing in shops," Dillon explained.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares of microcap Singing Machine Company soar 81% after company ends ATM programShares of the microcap Singing Machine Co. rocketed 81% on Tuesday, after the maker of karaoke products said it has terminated its at-the-market equity...
Source: MarketWatch - 🏆 3. / 97 Read more »