SCM - AI-Tech Park https://ai-techpark.com AI, ML, IoT, Cybersecurity News & Trend Analysis, Interviews Thu, 27 Jun 2024 05:28:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.16 https://ai-techpark.com/wp-content/uploads/2017/11/cropped-ai_fav-32x32.png SCM - AI-Tech Park https://ai-techpark.com 32 32 E2open Introduces Appointment Scheduling API in TMS https://ai-techpark.com/e2open-introduces-appointment-scheduling-api-in-tms/ Wed, 26 Jun 2024 17:15:00 +0000 https://ai-techpark.com/?p=171013 Carriers and shippers can optimize bookings, lead times, scheduling and more with Scheduling Standards Consortium (SSC) Appointment Scheduling API E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has released a new Scheduling Standards Consortium (SSC) Appointment Scheduling API enabling e2open clients to...

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Carriers and shippers can optimize bookings, lead times, scheduling and more with Scheduling Standards Consortium (SSC) Appointment Scheduling API

E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has released a new Scheduling Standards Consortium (SSC) Appointment Scheduling API enabling e2open clients to expedite dock scheduling, reduce manual work, decrease lead times, and centralize scheduling data for their shipments. The Appointment Scheduling API is available in the e2open Transportation Management (TMS) solution as part of the company’s 24.2 quarterly technology update.

Appointment scheduling is a significant friction point for carriers, brokers, and shippers. The complex and nuanced cross-functional processes for securing and managing appointments remains largely manual across the freight industry, leading to inefficiencies, delays, and higher costs for all parties.

In December 2022, a consortium of logistics and freight technology providers formed the Scheduling Standards Consortium (SSC) and initiated the development of the dock scheduling API to address the persistent challenges in supply chain logistics. By creating standardized scheduling interfaces, the SSC aims to streamline communication and coordination between shippers, carriers, and intermediaries. The goal is to enhance efficiency, reduce delays, and improve supply chain performance. E2open is a voting member of the SSC.

The new API enables carriers to perform all appointment scheduling functions for shipper locations managed through the warehouse dock scheduling functionality within e2open’s TMS, from polling for open slots to requesting appointments and receiving real-time confirmation and updates on those appointments. Shippers also gain real-time insights into dock activity and can easily manage appointments. This eliminates the need for manual work to schedule appointments, thereby minimizing inefficiencies, latencies, and human error.

“The logistics industry is modernizing at an incredible rate, with continually improving conditions for seamless digital communication between parties and systems. Our goal as a voting member of the Scheduling Standards Consortium and on behalf of the hundreds of shippers and thousands of carriers that operate within our network, was to develop a standard that would allow scheduling systems across the freight industry to be able to consistently and efficiently communicate with each other,” said Tara Buchler, VP, product management at e2open. “By establishing a standard set of communication protocols, we enable shippers, carriers, and intermediaries to seamlessly collaborate together, enabling efficient data sharing, connected decision-making, and greater efficiencies across the supply chain.”

Carriers and shippers benefit from Appointment Scheduling API

With the new API, all participants in e2open’s logistics ecosystem can realize operational and financial impact, including:

  • Cost savings – optimized scheduling reduces dwell time and delays, improves asset utilization, resource allocation, and accuracy, all of which lead to cost savings.
  • Better decision-making to optimize processes – real-time visibility into dock availability, truck arrivals, and schedule changes, along with data on scheduling patterns, wait times, and performance metrics help companies make informed decisions based on accurate data that can save time and costs.
  • Enhanced compliance – APIs enable better compliance with appointment times for carriers and drivers and enhance accountability across the supply chain.
  • Simplified integration – standardized API connections eliminate the need for multiple logins and error-prone manual data entry.

E2open has also partnered with Qued, an integration solution provider that can help carrier companies of all sizes integrate and automate their appointment scheduling activities within the e2open TMS and other systems.

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Kinaxis Announces New Chair of the Board and Board Member https://ai-techpark.com/kinaxis-announces-new-chair-of-the-board-and-board-member/ Wed, 26 Jun 2024 13:15:00 +0000 https://ai-techpark.com/?p=170946 Kinaxis® Inc. (TSX: KXS), a global leader in end-to-end supply chain orchestration, is pleased to announce the appointment of Robert Courteau as Chair as well as the appointment of José Duarte to the company’s Board of Directors. Mr. Courteau joined the Kinaxis board in 2016, serving as a director on both...

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Kinaxis® Inc. (TSX: KXS), a global leader in end-to-end supply chain orchestration, is pleased to announce the appointment of Robert Courteau as Chair as well as the appointment of José Duarte to the company’s Board of Directors.

Mr. Courteau joined the Kinaxis board in 2016, serving as a director on both the company’s Audit and Compensation Committees. An accomplished senior executive with extensive experience leading new business initiatives and achieving growth objectives with some of the world’s foremost companies, Courteau will continue to serve as a member of the Audit and Compensation Committees.

Mr. Duarte comes to Kinaxis with over 30 years of senior leadership experience, including CEO positions at Infovista, Infinitas Learning and Unit 4. Duarte also held multiple leadership roles at SAP including President, Global Services and Corporate Officer, President EMEA and India, and President, Latin America. Duarte currently serves as Chairperson at ProAlpha and is a non-executive director at Hallo.

“Bob’s support and contributions to the company have been invaluable over the years and I’m thrilled for him to take on this new role,” said John Sicard, president and CEO at Kinaxis. “José’s incredible experiences and insights have been vital to the success of so many like-minded companies, and I’m looking forward to working with the whole team as we continue to grow and dominate the supply chain orchestration market.”

“It’s a privilege to step into the role of chair for Kinaxis,” said Mr. Courteau. “Kinaxis is the acknowledged market leader in end-to-end supply chain orchestration and I look forward to working with the team to build on our positive momentum and help companies harness innovation to realize the full potential of global supply chains.”

Mr. Duarte added, “With its leading technology, innovative techniques and market position, Kinaxis is a very exciting company with a huge future. I’m thrilled to be part of their mission and to working with John and his team to transform the supply chain market.”

Kinaxis’ AI-powered software allows companies to orchestrate their supply chain network end to end, from strategic planning to last-mile delivery. Kinaxis’ technology helps companies that supply the agricultural industry with 40% of the world’s tractors, that keep more than 110 billion teeth clean each year, and that ensures more than 35 million pets are fed nutritious meals each year.

To learn more about Kinaxis and its supply chain management solutions, please visit Kinaxis.com.

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Interos Appoints Yardley Pohl & Chris Lee to Executive Management Team https://ai-techpark.com/interos-appoints-yardley-pohl-chris-lee-to-executive-management-team/ Mon, 24 Jun 2024 16:01:40 +0000 https://ai-techpark.com/?p=170651 AI Trailblazers Join Supply Chain Risk Intelligence Leader to Drive Next Phase of Growth Interos, the pioneering supply chain risk intelligence company, today announced the appointments of tech visionaries Yardley Pohl as Chief Product Officer and General Manager, Product Partnerships, and Chris Lee as Chief Revenue Officer. Both leaders will report to CEO Ted Krantz,...

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AI Trailblazers Join Supply Chain Risk Intelligence Leader to Drive Next Phase of Growth

Interos, the pioneering supply chain risk intelligence company, today announced the appointments of tech visionaries Yardley Pohl as Chief Product Officer and General Manager, Product Partnerships, and Chris Lee as Chief Revenue Officer. Both leaders will report to CEO Ted Krantz, further strengthening Interos’ executive team amid surging market demand for advanced supply chain risk management solutions.

Yardley Pohl Joins as Chief Product Officer and General Manager, Product Partnerships

Yardley Pohl brings over 20 years of experience building and scaling innovative products and platforms at premiere global technology companies. She most recently served as CPTO at market insights platform Data.ai, leading the company’s product strategy and vision ahead of its successful acquisition by Riverwood Capital and Sensor Tower earlier this year. Pohl has held additional product transformation roles at Meta, Zillow, Apple, and eBay. As CPO, GM PP, she will spearhead Interos’ product vision, strategy, and execution of supply chain lifecycle risk intelligence to accelerate value for customers, partners, and stakeholders.

Chris Lee Appointed Chief Revenue Officer

As Chief Revenue Officer, Chris Lee will oversee Interos’ global revenue and go-to-market teams, driving the company’s revenue growth and expansion strategies. Lee joins Interos from pricing and revenue analytics leader Zilliant, where he served as Chief Revenue Officer overseeing the company’s global sales and go-to-market teams. Lee brings more than 25 years of technology leadership expertise, with proven success scaling high-growth SaaS companies including Salesforce, DocuSign, and others. He held additional executive positions at Latch, Reputation, FinancialForce (now Certinia), and Siebel Systems.

“Yardley and Chris are exemplary leaders who bring exceptional product vision and revenue acceleration expertise to Interos as we revolutionize supply chain risk intelligence for unprecedented market advantage,” said Ted Krantz, CEO of Interos. “Their track records of innovation and growth at industry leaders will be invaluable as we continue to expand our reach and transform at-risk supply networks with AI predictive analytics that lay the foundation for prescriptive action.”

With the additions of Pohl and Lee, Interos further solidifies its position as a leading provider of supply chain risk intelligence, helping the world’s largest public and private sector organizations mitigate disruptions that cost the global economy $3 trillion in annual losses.

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Logility announced its collaboration with Worldly https://ai-techpark.com/logility-announced-its-collaboration-with-worldly/ Tue, 18 Jun 2024 08:15:00 +0000 https://ai-techpark.com/?p=169715 Global brands reduce risk with better management of multi-tier vendor compliance to align with corporate social responsibility. Logility, Inc., a leader in AI-first supply chain planning software, announced its collaboration with Worldly, a sustainability insights and data platform, to support compliant digital supply chains. Logility leverages Worldly’s comprehensive source of...

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Global brands reduce risk with better management of multi-tier vendor compliance to align with corporate social responsibility.

Logility, Inc., a leader in AI-first supply chain planning software, announced its collaboration with Worldly, a sustainability insights and data platform, to support compliant digital supply chains. Logility leverages Worldly’s comprehensive source of Environmental, Social, and Governance (ESG) data used by over 40,000 brands, retailers, and manufacturers to inform its innovative vendor management, traceability, and corporate responsibility applications.

Driven by consumer demand, regulation, and corporate ESG initiatives, organizations increasingly require transparency across their global supply chains.

“Organizations need primary data and deep visibility into their supply chains to understand their true social and environmental impacts and keep up with emerging regulations,” said James Schaffer, Worldly Chief Strategy Officer. “In partnering with Logility, Worldly can provide global brands, retailers, and manufacturers a comprehensive view of their sustainability performance while helping them prepare for new legislation.”

Joint clients of Logility and Worldly are managing over 3,500 tier one suppliers and over 10,000 tier two, tier three and tier four suppliers around the globe. The combination, helps brand owners:

  • better understand critical attributes at the factory level by mapping Higg Index data from the Higg Facility Environmental Module (FEM) and Higg Facility Social and Labor Module (FSLM) on Worldly;
  • receive a more complete product picture of the relevant ESG attributes in preparation for a Product Passport with a map of the factory and vendor Higg FEM and Higg FLSM to a digital tree;
  • meet due diligence requirements by utilizing Logility Supplier Network Modeling to build a digital twin model of the brand, vendor, and supplier ecosystem; and
  • better manage purchase order traceability for chain of custody to support Customs Border Patrol (CBP) and the UFLPA compliance reviews.

“The integrated solution will help enable our 100+ clients in Apparel and Soft Goods (ASG) to deliver on their corporate objectives for transparency and sustainability,” added Roger Mayerson, Logility’s EVP for the ASG Industry.

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Baxter Planning Wins AI-based SupplyTech Solution of the Year Award https://ai-techpark.com/baxter-planning-wins-ai-based-supplytech-solution-of-the-year-award/ Fri, 14 Jun 2024 10:45:00 +0000 https://ai-techpark.com/?p=169373 Baxter Planning, the leading provider of Service Supply Chain technology, has been selected as a winner of the AI-based SupplyTech Solution of the Year award for its predictive Service Supply Chain platform, BaxterPredict. The SupplyTech Breakthrough Awards recognize and evaluate the most innovative solutions, services, and companies in the rapidly...

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Baxter Planning, the leading provider of Service Supply Chain technology, has been selected as a winner of the AI-based SupplyTech Solution of the Year award for its predictive Service Supply Chain platform, BaxterPredict. The SupplyTech Breakthrough Awards recognize and evaluate the most innovative solutions, services, and companies in the rapidly evolving supply chain space. In 2024 there were thousands of nominations from across the globe.

“We are thrilled to have been awarded the 2024 SupplyTech Breakthrough Award for AI-based SupplyTech Solution of the Year,” stated Chad Hawkinson, Chief Product Officer of Baxter Planning. “Our customers have driven us to make the hype of AI a reality in spare parts management. With our BaxterPredict platform, and specifically our Prophet.ai module, we are applying AI to solve real problems for our customers and the feedback from them has been incredibly positive. Baxter Planning is in the business of helping our customers make predictions, specifically about spare parts demand. By embracing AI, we have found even more powerful ways to save our customers significant money while also improving their ability to meet their own customer’s needs.”

Integration of AI and automation in the Service Supply Chain is crucial for service organizations to maintain competitiveness and meet heightened customer expectations. The BaxterPredict platform enables companies to optimize operations, enhance efficiency, and improve accuracy in demand forecasting and inventory management.

One aspect of BaxterPredict is its new AI-enabled module, Prophet.ai. This new module utilizes AI to eliminate the guesswork associated with New Product Introduction (NPI) and Last-Time-Buy (LTB) decisions for Service Supply Chains, saving them significantly.

As the industry faces increasing pressure to provide better service at lower costs, embracing these innovations is essential for sustaining growth and achieving operational excellence.

The Baxter Planning team has been dedicated to partnering with its Service Supply Chain customers and has found real value and opportunity with the judicial application of AI into its already best-of-breed products. The company plans to invest further in AI for a variety of use cases to truly optimize Service Supply Chains.

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FourKites Signs on as Collaborator to Consortium of Supply Chain Leaders https://ai-techpark.com/fourkites-signs-on-as-collaborator-to-consortium-of-supply-chain-leaders/ Wed, 29 May 2024 10:30:00 +0000 https://ai-techpark.com/?p=167817 FourKites is the first real-time visibility platform participating in the SSC Leading real-time supply chain visibility provider FourKites® today announced its role as a Collaborator in the Scheduling Standards Consortium (SSC) as the first real-time visibility platform participating. FourKites joins organizations involved with the SSC — including Arrive Logistics, BlueYonder, Coyote Logistics, DHL, e2open, Echo, J.B....

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FourKites is the first real-time visibility platform participating in the SSC

Leading real-time supply chain visibility provider FourKites® today announced its role as a Collaborator in the Scheduling Standards Consortium (SSC) as the first real-time visibility platform participating. FourKites joins organizations involved with the SSC — including Arrive Logistics, BlueYonder, Coyote Logistics, DHL, e2open, Echo, J.B. Hunt Transport, Lineage, Mastery, One Network Enterprises, Oracle, Ryder, TI NTG, Uber Freight, Werner and Worldwide Express — which aims to foster greater efficiency within the supply chain technology landscape.

Freight scheduling has been a pervasive problem for the supply chain, compounded by the past decade’s tremendous growth and diversification in scheduling solutions. Shippers and carriers today are responsible for juggling dozens of methods of scheduling freight with shippers, each with their own interface and API, which creates friction and inefficiencies throughout the supply chain.

In response to this challenge, J.B. Hunt and Uber Freight joined forces in 2022 to establish the SSC, to create the first universal appointment scheduling standard in the form of an API. With many leading organizations now involved and driving the Standard forward, the SSC’s goal is to simplify the integration of systems across the fragmented ecosystem between shippers, carriers and intermediaries to create a more efficient appointment scheduling process. The SSC has endorsed a universal standard for the API, released October 2, 2023, which eliminates the need for multiple interfaces and allows carriers to interact through a single interface.

“Embracing a universal scheduling API unlocks seamless coordination across supply chains,” explains Viral Parekh, Head of Logistics Operations at The Kraft Heinz Company. “As more companies endorse this unified approach, we pave the way for unparalleled system efficiency, streamlining operations and driving transformative growth throughout the industry.”

FourKites is collaborating with the SSC because of its proven commitment to optimizing ecosystem performance, carrier success and building a more user-friendly operating environment. In addition, FourKites’ robust customer base and recognized industry leadership enables it to play a role in developing the API and accelerating adoption across its customer and partner network. With over 100,000 appointments scheduled in the platform every month, Appointment Manager is one of FourKites’ fastest-growing products, as it significantly eliminates the friction associated with manual time slot booking.

“We’re thrilled to participate in this consortium of industry heavy-hitters,” said Mathew Elenjickal, founder and CEO of FourKites. “A single API between our Appointment Manager solution and our shippers’ carrier networks will create a frictionless operating environment for everyone involved, and will make FourKites customers Shippers of Choice, with lower cost to serve and a reliable, reputable integration.”

The SSC’s main objectives are to define the API standard for sharing scheduling information, eliminate manual processes by automating interactions where possible, implement standardized interfaces and integrations across core platforms, and advocate the standard across the industry.

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Lenovo ranks 10th in the Gartner® Supply Chain Top 25 for 2024 report https://ai-techpark.com/lenovo-ranks-10th-in-the-gartner-supply-chain-top-25-for-2024-report/ Wed, 29 May 2024 09:00:00 +0000 https://ai-techpark.com/?p=167797 Lenovo has once again been ranked in the Gartner Supply Chain Top 25 for 2024, ranking tenth in this list of global companies with exceptional supply chains. The Gartner Supply Chain Top 25 is a renowned annual ranking of the world’s superior supply chains. From financial and corporate social responsibility data and...

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Lenovo has once again been ranked in the Gartner Supply Chain Top 25 for 2024, ranking tenth in this list of global companies with exceptional supply chains. The Gartner Supply Chain Top 25 is a renowned annual ranking of the world’s superior supply chains. From financial and corporate social responsibility data and community opinion, the Gartner Supply Chain Top 25 for 2024 report, celebrates and profiles companies demonstrating excellence in supply chain management.

Over the last 12 months, Lenovo has intensified its focus on key areas in its supply chain, including security, digital transformation, and environmental sustainability, alongside the company’s global/local approach to drive greater efficiencies and improved customer outcomes.

Today, Lenovo’s global hybrid manufacturing network includes 30+ manufacturing sites spanning 10 markets in the 180 markets Lenovo does business in, including Argentina, Brazil, China, Germany, Hungary, India, Japan, Mexico, and the US. This ensures the supply chain remains resilient and can adapt to any disruption.

Lenovo’s supply chain is one of the clearest examples of its global/local strategy and delivers not only operational efficiencies for the business but a definitive advantage to customers through a focus on manufacturing in Europe for Europe, the Americas for the Americas, and Asia for Asia. Bringing manufacturing closer to customers shortens the local supply chain, utilizes the local skilled labor force, and supports Lenovo’s sustainability goals through more sustainable manufacturing methods. Building devices close to customers dramatically reduce the freight miles these products incur, providing more efficient and sustainable transportation options. As an example, since becoming operational in 2022, Lenovo’s European manufacturing facility in Hungary has shipped over 1.5 million workstations and servers to over 2,500 customers in 70 markets across EMEA.

Che Min (Jammi) Tu, Senior Vice President and Group Operations Officer, Lenovo, said, “Our supply chain has always been a towering strength for Lenovo and remains fundamental to our future success. Over the past few years, we’ve seen the topic of supply chains make headlines around the world when the flow of goods is impacted and the knock-on effect this has on a business and its reputation. What’s clearer than ever today is that a company’s supply chain is a competitive advantage and can no longer be considered a cost center. In fact, at Lenovo, we’ve successfully transitioned our global supply chain into a commercial center and profit pool. We are also pioneering Manufacturing as a Service, as well as developing and incubating new technologies and solutions within our manufacturing facilities and logistics services that we can offer our customers. For us, we’re incredibly proud that we continue to be recognized as having one of the most exceptional supply chains in the world across all industries.”

Lenovo’s commitment to delivering innovation, efficiency, and resilience to customers worldwide is underpinned by its resilient supply chain, ensuring cutting-edge products reach customers securely.

Lenovo’s supply chain security approach is built on a foundation of prevention. Suppliers and components are vigorously vetted, with the company’s security-by-design approach embedded into the product lifecycle. By taking a proactive stance against backdoors, tainted products, counterfeits, and hardware/software vulnerabilities, Lenovo safeguards its products and sets a high industry standard for supply chain security.

Doug Fisher, SVP and Chief Security Officer, Lenovo, said, “Lenovo is dedicated to driving supply chain security through leadership, so we remain in front of the supply chain evolution. Our goal is to ensure our products are safe, highly resilient, and trustworthy before entering our customers’ environment. We attest to the integrity of each device right down to the lowest levels in the system.”

Lenovo also remains committed to ESG. It was in the first group of companies and the first PC and smartphone maker to have targets validated in alignment to Science Based Targets initiative’s Net-Zero Standard. It continues to focus on future-proofing its operations by making the supply chain more robust, adaptable, and profitable and recently released Lenovo ESG Navigator, a digital solution for collecting and measuring ESG data points – like energy use – from factory sites in real time.

With the development of an AI-powered ESG assessment system such as Lenovo’s Intelligence Sustainability Solutions Advisor (LISSA), Lenovo is empowering customers with actionable sustainability insights from across the global supply chain to understand the estimated emissions impact across their IT lifecycle and make critical decisions to decrease emissions. Initially developed to support supply chain decision-making, LISSA has now been commercially deployed to support customers’ IT sustainability goals.

As part of Lenovo’s drive towards the circular economy, utilizing the supply chain for customers’ after-sales support, where possible, returned components are repaired by engineers, quality-tested, and reused. To date, 4m+ components, including motherboards, processors, drives, memory, and more, have been diverted from landfills for reuse within the product lifecycle.

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Manhattan Redefines Supply Chain Planning for the Modern Age https://ai-techpark.com/manhattan-redefines-supply-chain-planning-for-the-modern-age/ Wed, 15 May 2024 17:30:00 +0000 https://ai-techpark.com/?p=166264 Industry leader delivers on its vision of unifying supply chain planning and execution Manhattan Associates (NASDAQ: MANH) today announces Manhattan Active® Supply Chain Planning (SCP), the industry’s first unified business planning platform that enables bi-directional collaboration between supply chain planning and execution systems. This groundbreaking solution enables planners to evaluate all operational factors in...

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Industry leader delivers on its vision of unifying supply chain planning and execution

Manhattan Associates (NASDAQ: MANH) today announces Manhattan Active® Supply Chain Planning (SCP), the industry’s first unified business planning platform that enables bi-directional collaboration between supply chain planning and execution systems. This groundbreaking solution enables planners to evaluate all operational factors in real-time, and align all systems, inventory, and resources to a common business objective, such as reducing total landed cost or increasing speed to market.

With traditional supply chain planning, inventory, labor, transportation, and warehouse operations are planned and optimized in isolation. This approach yields fragmented strategies that often conflict with one another and lack feedback from the execution team.

Manhattan Active Supply Chain Planning is the first and only solution unified with supply chain execution to eliminate systemic and operational silos, unlocking enterprise-wide optimization for the entire inventory assortment and all the resources required to flow it through the supply chain. From inventory and labor to distribution and transportation, all elements are synchronized and harmonized in real-time, seamlessly united under a single plan.

“The ability to coordinate with solutions like OMS, WMS and TMS is a gamechanger. Now inventory, labor, and transportation planning can be considered together to ensure the optimal outcome to benefit the organization as a whole,” said Scott Fenwick, senior director of Product Management for Manhattan Associates. “It simultaneously considers all these factors to smooth operations and deliver exceptional experiences at the lowest cost.”

Manhattan Active Supply Chain Planning harnesses the power of AI to combine external data sources with internal patterns to produce more accurate and actionable demand forecasts. This innovative solution is capable of ingesting and rapidly processing vast amounts of syndicated data from external sources, such as influencer activity, industry-specific data sources, and localized data, all of which can influence and shape demand.

Manhattan Active Supply Chain Planning completes the company’s vision of a truly unified supply chain commerce ecosystem. Manhattan is uniquely capable of delivering this fully unified solution because of its technology platform architecture. All Manhattan Active solutions are cloud-native, microservice API applications, engineered to be extensible and evergreen, with regular updates every 90 days. Built on the proven Manhattan Active Platform, Manhattan Active SCP is the most modern, scalable, and adaptable supply chain planning solution on the market.

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Zip and 4C Associates Join Forces To Revolutionize Procurement https://ai-techpark.com/zip-and-4c-associates-join-forces-to-revolutionize-procurement/ Thu, 09 May 2024 08:45:00 +0000 https://ai-techpark.com/?p=165394 New partnership between Zip and 4C will accelerate how they deliver digital procurement solutions to enterprises Zip, the leading Intake and Procurement Orchestration Platform, teams up with 4C Associates, Europe’s award-winning commercial, supply chain and operations consultancy, to tackle the complex challenges of global procurement and bring cutting-edge digital procurement...

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New partnership between Zip and 4C will accelerate how they deliver digital procurement solutions to enterprises

Zip, the leading Intake and Procurement Orchestration Platform, teams up with 4C Associates, Europe’s award-winning commercial, supply chain and operations consultancy, to tackle the complex challenges of global procurement and bring cutting-edge digital procurement solutions to enterprises.

Traditional, outdated procurement solutions are driving organization-wide silos and inefficiencies; finance and procurement leaders don’t have the visibility or tools they need to properly manage spend or drive growth. The new partnership will enable Zip and 4C to empower large organizations to transform their procurement processes at pace, maximizing their impact by embedding process excellence in market leading software solutions to improve supplier management, planning and forecasting, risk and resilience, and process efficiency. 4C’s deep and extensive reach in Europe will help Zip better serve customers in the UK, where demand for Zip’s platform and intake and procurement orchestration solutions is growing.

Zip is the modern answer to business spend and has helped customers save over $4.4 billion. Powering global payments in over 140 countries, Zip, on average, enables 90%+ purchase order backed spend and delivers a 5x faster purchasing process to customers worldwide. Zip’s best-in-class capabilities span the full procurement lifecycle – from intake and sourcing to contracting, ordering and payments – and integrate cross-functional systems to provide streamlined operations and unprecedented levels of visibility into business spend.

4C is a leading B Corp-certified commercial, supply chain, and operations consultancy that delivers sustainable impact for their clients and society. With a proven record in the public and private sectors and across multiple industries, spend categories, and geographies, their deep expertise in technology and analytics drives faster, better operational decisions. Their team of 100+ consultants and more than 20 nationalities delivers a diversity of knowledge, experience, and thinking that helps organizations solve their most complex problems and configure commercial and supply chain capabilities in the most efficient and sustainable way.

“4C is thrilled to be partnering with Zip, bringing together cutting-edge procurement technology with our deep functional insight and experience,” says 4C’s Managing Director, Jeremy Smith. “Together, 4C and Zip will deliver the full digital procurement transformation that tackles client challenges and harnesses digital opportunity.”

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Craft launches New Solution to Simplify Supplier Risk Management https://ai-techpark.com/craft-launches-new-solution-to-simplify-supplier-risk-management/ Tue, 07 May 2024 16:45:00 +0000 https://ai-techpark.com/?p=165087 The first SRM designed specifically for team collaboration and proactive risk mitigation built with the industry’s most comprehensive data fabric and highly configurable AI-driven risk alerts Gartner Supply Chain Symposium/Xpo 2024 — Craft.co (www.craft.co), the supply chain resilience company, today announced the launch of its next-generation supplier risk management solution,...

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The first SRM designed specifically for team collaboration and proactive risk mitigation built with the industry’s most comprehensive data fabric and highly configurable AI-driven risk alerts

Gartner Supply Chain Symposium/Xpo 2024 — Craft.co (www.craft.co), the supply chain resilience company, today announced the launch of its next-generation supplier risk management solution, setting a new standard for data quality, usability, supplier risk and compliance monitoring, and proactive risk mitigation capabilities. The platform is powered by an expansive data fabric and a powerful risk engine enhanced by AI-driven intelligence. With comprehensive 360o supplier visibility, hyper-relevant risk signals, and the industry’s most user-friendly collaboration workspace, Craft makes it easy for organizations to stay in compliance while minimizing supply chain disruptions.

“Craft gives us a comprehensive view of risk across our entire supplier network without having to wade through a lot of disparate data and noisy alerts. The platform makes it easy to pinpoint potential relevant risk and share information across teams to proactively manage issues before they cause major disruption,” says Ingmar Mester, Director Supplier Management, Sustainability & Regulatory at Hapag-Lloyd AG.

Better, more comprehensive data fabric for smarter supplier decisions
Craft simplifies the complexity of managing a global supplier network by providing a single platform powered by a comprehensive data fabric with:

  • 1,300+ data streams covering all major risk categories: financial, compliance, cybersecurity, geopolitical, ESG, and forced labor
  • Third-party data verification for quality and consistency
  • Best-in-class foreign influence data provided by Strider, Pitchbook, and Bluefoot
  • Configurable portfolios for supplier grouping
  • N-tier mapping connecting across multiple locations
  • Intentional, use-case driven integration with operational data such as locations, product codes, etc. for easy search, export, and anchored risk evidence

A highly-configurable platform for risk prioritization and continuous monitoring
Craft’s powerful Risk Hub provides a simple view of risk across your entire portfolio of suppliers so you can quickly identify who needs further attention and then drill down for details.

Where traditional risk monitoring systems produce a lot of irrelevant noise, causing important signals to be overlooked, Craft cuts through the noise to enable you to proactively anticipate risk and be ready when it happens with:

  • Highly-configurable, user-friendly capabilities with risk monitoring and alerts
  • Signal and event tracking with AI-driven alerts by commodity, location, and keyword
  • Weighting based on risk thresholds and critical priorities
  • 40 risk alert types backed by event timelines and score trending
  • Automated risk checks to speed discovery
  • Proactive insight on impacts of new regulation and geopolitical issues on supply chains

Collaboration-centered design for enterprise-wide impact analysis
Craft’s user-friendly workspace centralizes data to improve visibility, communication, and risk mitigation to:

  • Capture and display data documenting due diligence and compliance activity
  • Automate actions based on risk type and business rules
  • Centralize compliance requirements management with auditable reporting
  • Share enterprise-wide views on supplier risk and performance
  • Elevate response and follow-through with state-of-the-art case management, tracking, and analytics with anchor points and trending
  • Track communications internally and externally when collaborating with suppliers for risk mitigation

“Some of the largest government organizations and commercial enterprises including the U.S. Department of Defense, Hapag-Lloyd, 3VRM, and others trust the Craft platform to provide reliable data and actionable insights to manage risk to their operations,” said Mimi Spier, Chief Marketing Officer for Craft.

The industry’s most flexible, scalable platform designed to grow with you
Craft is designed from the ground up to enable Supplier Intelligence for Due Diligence, Supplier Risk Management, and Supply Chain Risk Management. The Craft platform consists of four modules and offers flexible pricing based on your data priorities, required functionality, and number of suppliers.

  • Craft Sense provides reliable intelligence across all risk domains and is configurable to meet a company’s specific risk concerns. Craft offers a complete view of your suppliers with holistic company profiles, advanced search capabilities, and value stream data about your most lucrative product lines and SKUs. Large-scale, repeatable due diligence efforts are simplified with portfolio-level management.
  • Craft Protect helps minimize disruption with on-going monitoring to anticipate the most critical risks impacting your suppliers. Its powerful, centralized Risk Hub, timelines, configurable alerts, and insights based on AI and machine learning, can help connect the dots, understand impact, and proactively mitigate disruption.
  • Craft Operate provides a central hub for communicating and tracking supplier risk across Procurement, Supply Chain, IT, Finance, Sustainability, Legal, and Risk Management teams. With collaborative workflows, private and group sharing of activities and conversations, case management and case analytics, you can efficiently manage risk, increase productivity, improve transparency, and ensure compliance.
  • Craft Impact brings your supply chain operations together with 3rd party supplier intelligence and n-tier mapping so you can quickly anticipate disruption, understand impact, and optimize supply chain strategies in one central place.

All Craft modules are easily configured to align with the risk priorities of your business now and in the future as you scale your supplier network.

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