Procurement, Fulfillment/Logistics, CRM, Integration & Infrastructure/ERP, Decision Support
In a recent study published by the Aberdeen Group ("A View from Above: Global Supply Chain Visibility in a World Gone Flat," September 2007), only 29 percent of best-in-class organizations reported having accurate data over 90 percent of the time, and 73 percent of all the companies surveyed put improving data quality and timeliness of status messages at the top of the agenda to improve their supply chain visibility. PINC Solutions said that to gain real-time visibility into a company's yard it is necessary to automate key processes, and a real-time location system (RTLS) is increasingly accepted as the enabler for achieving high data quality through timely recording and reporting of all significant events in the yards.
As a result, PINC Solutions has created Yard Hound – the first yard visibility and management solution that offers real-time location information of mobile assets in the yards using passive RFID technology, with accuracies sufficient to address the yard management needs.
Auburn Hills, MI/USA
Order/Demand Capture, Sourcing, Procurement, Fulfillment/Logistics, Payment, CRM, PLM, Integration & Infrastructure/ERP, Decision Support
Increasingly complex products are driving greater dependency on supplier quality management, especially for automotive, aerospace & defense, and medical device manufacturers. In addition, large OEMs are driving warranty cost downward through the supply chain, which only increases the necessity for documenting quality and processes along every step of the chain.
In response to these and other challenges, Plexus Systems, Inc. created Plexus Online – a Web-based enterprise software solution that connects and manages the total manufacturing organization, including the critical supply chain. With the ability to manage a single facility or an entire enterprise, Plexus Online offers more than 350 functional modules for instant access to and management of critical information across the extended supply chain for highly engineered products in the automotive, aerospace & defense, medical device, and packaged food markets. Plexus Online includes supplier management, RFI/quoting, inventory, shipping/receiving, traceability, quality management, EDI, accounting and many other capabilities.
The system also provides an on-demand suite of integrated tools for supply chain management, connecting the manufacturer with its customer and suppliers through an online database of information, and paperless, real-time communication between trading partners. Integrated supply chain management capabilities include electronic Kanban, online releases, EDI, electronic invoices and shipment notifications, online supplier quality management, cross-company inventory traceability, cross-company quality and production data.
PowerTrack said the next wave of supply chain innovation will come through the pioneering use of Web technology, driving automation through supply chain collaboration for freight payment customers who must negotiate in companies that are the result of mergers and acquisitions, have different contracts in different global locations, unconnected enterprise systems, and policies and procedures that are unique to their various locations.
When it comes to managing payment processes, PowerTrack offers electronic handling, accurate audits, secure payments and completely integrated payment financing. Consistent gathering of global shipment and payment data enables companies to answer questions that lead to intelligent supply chain decisions. In addition, customers have seen such benefits as 99.9 percent of paper invoices eliminated from the payment process, six-day payments across the PowerTrack network and the need for post-payment audits virtually eliminated, among others.
Payment, Integration & Infrastructure/ERP
Companies must put as much focus on the financial supply chain as they do into the physical supply chain. PrimeRevenue's platform, for example, connects trading partners and financial institutions around a common view of future-dated financial settlement, linking supply chain events, the flow of funds and the flow of goods and services. This common view allows trading partners to reduce the excess working capital and expense caused by financial settlement uncertainty. It also provides financial institutions with a far more granular and forward view of credit, default and dilution risk, allowing them to leverage the capital markets to provide on-demand, efficiently-priced working capital finance to suppliers.