VRSSF - National US Pharmacy Retailer selects VERSES for Intelligent Warehouse Optimization and Supply Chain Modernization | Benzinga
LOS ANGELES, Sept. 07, 2023 (GLOBE NEWSWIRE) -- VERSES AI Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the "Company"), a cognitive computing company specializing in the next generation of artificial intelligence, is pleased to announce that it has been contracted to amplify the digital transformation efforts of a leading national US pharmacy retailer. This multi-year collaboration aims to enhance the US pharmacy retailer's operational intelligence and the efficiency of its existing and newly designed distribution centers. It is expected to progress to a nationwide rollout.
Warehouses are complex systems with many still relying on a multitude of legacy software and processes that can lead to limitations including accuracy, flexibility, congestion, and risk. VERSES will address these challenges by mapping the US pharmacy retailer's enterprise data into a unified knowledge model, powered by its intelligence platform, KOSM™ and its WayFinder™ services that will run simulations in order to more accurately predict and streamline decision-making around purchasing, resourcing, sequencing, routing, and inbound and outbound flow of products.
SimWell, a leading simulation technology and advanced analytics firm, will serve as the integration consultant. "Our expertise successfully delivering simulation programs, coupled with the operational intelligence VERSES technology offers, makes our team the ideal partner to help accelerate this strategic modernization at the national pharmacy retailer," said Jon Santavy, Partner and Chief Revenue Officer at SimWell.
Gabriel René, CEO and Founder of VERSES, shared his enthusiasm for the collaboration, stating, "While we're unable to disclose specific terms of the contract at this time, it is significantly revenue bearing, and more importantly, it serves as a powerful signal that VERSES has arrived at the point where we are a preferred technology provider for a Top 10 Fortune 100 enterprise entrusted with deploying impactful optimization solutions at scale."
James Hendrickson, VERSES GM of Enterprise, adds, "We believe this collaboration signifies a meaningful milestone in the national pharmacy retailer's ongoing commitment to technological advancement and operational excellence. The company's investment in state-of-the-art systems and supply chain infrastructure not only reinforces its dedication to effectively serving customers but also demonstrates its leadership in the digital transformation of the health industry."
About VERSES
VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence. ...