SUPPLY CHAIN COLLABORATION
Supplier Collaboration b/w Manufacturer and its nth Tier Supplier.RealCollab enables collaboration in the real sense and provides OEMs with a 'single source of truth’. Moving away from a traditional linear workflow RealCollab enables multi-level collaboration that too in real-time by leveraging Blockchain, AI/ML to provide actionable insights for running an efficient supply chain network
- Multi-Tier Supplier Collaboration
- Predictive / Prescriptive Alerting
- Scalable Data Architecture
- Automate and Track Resolution and Actions Taken
- Self-Tuning Autonomous Supply Chain
- Impact Analysis and Prioritization
- Proactive Problem Solving and Resolutions
Qualifying Questions
- Do you feel having visibility to your sub-tier supplier network will help improve your production efficiency?
- Do you get timely alerts and information with regard to any deviations to the original procurement planning?
- Do you feel your teams are always monitoring & following up with suppliers leading to unproductive use of their time?
- Are you able to track the origin of the product / part readily when the need arrives?
- Does your actual spend on supplies end up more than the original budgets due to unpredictability?
Challenges
- Challenge 1: Bullwhip effect – Lack of a unified view due to data silos impacts strategic planning at inventory & production level, leading to disruptions downstream and customer dissatisfaction.
- Challenge 2: Friction – Unavailability of ready data to identify and rectify faulty products and mismatches leading to friction in the supplier relationship.
How Do Customers Benefit?
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The Core Benefits to customer includes Revenue Impact, Cost Impact and service level impact:
- Revenue Impact: 10-15% improvement in customer order fulfilment and 20-30% reduction in plant stoppages due to sudden shortages of critical supplier parts- by providing better visibility.
- Cost Impact: 15% reduction in inventory cost and -20% reduction in logistics cost and premium freight bill for contingent parts.
- Service Level Impact: Over 50% improvement in time to react and respond to the disruptions by creating visibility, simulations, conducting risk assessment and mitigation across all tier suppliers.