Osiris Innovations Group
Auburn Hills, MI/USA
Order/Demand Capture, Sourcing, Procurement, Fulfillment/Logistics, Payment, Integration & Infrastructure/ERP, Decision Support
As Osiris Innovations Group sees it, current supply chain automation tools do little to automate the real-time electronic passage of data between buyer and supplier. They simply provide a method for pitching out purchase orders, with no catcher's mitt provided for the supplier. This buy-side focus does not create a true collaborative environment, since suppliers cannot possibly offer deep cost-saves when they are wasting valuable resources trying to simply maintain their businesses.
For this reason, Osiris believes that the "next wave" of supply chain innovation will combine closed-loop automated solutions with expert procurement strategies, creating a dynamic interaction between buyer and supplier. These interactions will benefit both the buyer and the supplier as relationships are strengthened through cooperative actions, strategic decision-making, and cost-savings derived from automation-based efficiencies. Fully integrated solutions addressing both buyer and supplier needs provide the essential edge for survival in today's highly-competitive economy, Osiris asserts.
Osiris has tackled this challenge by offering both buyer- and supplier-focused automation that addresses the end-to-end procure-to-pay process. Through its suite of applications, called OS Interchange, Osiris integrates both sides of the supply chain with the goal of providing equal impact on efficiency, cost-effectiveness and strengthened e-business practices, while fostering collaboration between the buy and sell sides of the supply chain.
The next wave of supply chain innovation, according to PathGuide Technologies, is an automated warehouse with wholesalers and industrial distributors able to fulfill products within the supply chain with greater accuracy, efficiency and speed.
PathGuide is addressing this need with its Latitude Warehouse Management System, which provides visibility into inventory by location, including multiple zoned warehouses, job sites, and on-site consigned and non-consigned material. With a dashboard overview and decentralized information sharing, all players within the supply chain that "touch" the customer can know the status of inventory on-hand, shipments in process and shipments en route/delivery status. Latitude's tracking and reporting capabilities also enable distributors to measure order status versus the timeliness and accuracy of order fulfillment, an analysis the company said is key to customer retention.
For example, E.B. Horsman & Son, privately owned since 1900, is the largest independent electrical distributor in Western Canada. With 17 locations, the company's mission is to be the electrical distributor of choice offering the best people, product and service in the industry. A key strategy for accomplishing this mission is the pursuit of operational excellence.
Since making the move to Latitude, the company said it has achieved the following productivity and efficiency gains:
- Receiving accuracy and receiving productivity each increased by nearly 200 percent
- Pick accuracy levels currently run better than 1 error in every 1,300 line items
- Pick productivity increased 192 percent
- Yearly inventory losses have been reduced to approximately 0.002 percent