One Network Enterprises has unveiled the latest version of its Real Time Value Network powered by NEO intelligent agents for the automotive and manufacturing industries.
The release continues to enhance the leading technology for multi-enterprise business networks that brings unprecedented agility, resilience and shared business benefits to OEMs, suppliers, dealers, after-marketers and logistics providers.
"As automotive companies squeeze harder to reduce inventories, they're looking for performance that their current system architectures just can't support," says Greg Brady, CEO of One Network Enterprises. "Some suppliers make plant deliveries hourly and with hundreds of suppliers, a lot of activity happens within a day. Siloed MRP, TMS, and WMS legacy systems simply can't handle the intra-day dynamics, changes, and disruptions. It's time for a new model. Our latest release delivers planning and execution on a single business network platform in near real time -- providing a single version of the truth for all supply chain participants."
The release includes enhancements to NEO, the company's proprietary machine learning technology, increasing resilience to demand fluctuations, supply partner issues and internal and external supply chain disruptions.
Benefits of using the One Network platform include:
- Reduced inventory network-wide by 20% to 40%
- Improved service levels to over 95%
- Reduced expedited freight cost by 30 to 50%
- Improved capacity throughput by 10% or more
Additional enhancements for the Automotive and Manufacturing Industries include:
Attribute-Based Demand Forecasting with Demand Sensing provides autonomous demand driven forecasts and a capability to compute both independent and dependent demand across manufacturing and parts. The solution incorporates not just history, but all order forecasts by channel to provide a demand sensing and consumption service in the network, that works closely with customers such as OEMs.
Multi-Echelon Inventory Optimization (MEIO) improves inventory planning for value chains across standard parts and aftermarket parts. Target service levels are maintained at customer facing locations, while service and inventory levels are optimized across the whole supply chain.
Integrated Order Management (OMS) and TMS with Autonomous Supply Chain Services streamline operations for users, and provides users with a workbench that includes NEO intelligent agents for optimization of freight utilization and premium freight reduction for dramatic cost savings.
External Capacity Management and Collaboration expands an organization's visibility into both medium- and long-term internal and supplier capacity issues by automatically propagating scheduled demand through all supply chain tiers, and matching it to the capacities committed.
Global Multi-Site Supply-Demand Match with Integrated Logistics aggregates demand across all facilities and source materials to virtual lanes, and then optimizes materials and transportation for the network concurrently. This approach drives better supply management while reducing transportation costs, and eliminating premium freight and expediting fees.
Chain-of-Custody Tracking and Recall Management enables enhanced tracking of products and ownership, aligned with industry standards, through the entire supply chain for full visibility. This improves product track and trace, and allows for the immediate and efficient management of disputes, while enabling the handling of targeted recalls in a faster, simpler, and more precise manner.