EXTON, PA--(Marketwired - May 1, 2013) - Elemica, the leading provider of supply chain integration and optimization solutions, announces that the keys to creating a high performance supply chain include Big Data, Analytics, and Social Collaboration. Utilizing these three capabilities provides companies with a real competitive edge. By creating a collaborate environment of intelligent, cross-enterprise decision-making, and a pervasive data-driven culture, supply chain executives are able to make more informed decisions that drive positive change in their businesses.
"In the supply chain world, Big Data really means capturing and analyzing every piece of information from raw material procurement through manufacturing, through the distribution channels to the end customer," said John Blyzinskyj, CEO of Elemica. "This wealth of data feeds analytics to create a comprehensive, interconnected picture of business performance and fosters collaboration leading to high operational efficiency. This allows our customers to significantly reduce their working capital."
According to Lora Cecere of Supply Chain Insights, "The use of cloud-based analytics offers quick time-to-value, industry benchmarking and standardized onboarding." Analyzing the data gathered from your trading partners' supply chains dramatically improves the ability to respond faster and more efficiently to shifts in their demand. Analytics also provides business specific insights in identifying and mitigating issues. It not only provides a means to act in the present based on the past but also provides a future outlook, improving forecasts, trimming inventory, reducing stock-outs, and optimizing logistics costs.
Drilling down into collected data from social networks gives businesses the ability to:
- Connect with business colleagues and external contacts
- Create peer or special interest groups
- Write and post a review of a supplier, customer or business partner
- Rate or "Like" a supplier, customer, or business partner
- Share documents and collaborate
- Create discussion forums of business related questions and topics
- Search for new suppliers using various filters
- Search for new customers using various filters
Elemica provides a supply chain operating network that automates processes across procurement, order fulfillment, and logistics, capturing data along the way, and analyzing trends and information across product, demand, and supply networks. Today, the Elemica QuickLink Network handles over 500,000 documents daily in real-time; reliably and securely.
Elemica delivers state-of-the-art supply chain solutions in the areas of customer, supplier, sourcing, and logistics management. Elemica drives bottom line business results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between business partners. Elemica was founded in 2000 and today connects more than 5,000 companies across multiple industries, processing over $150 billion in annual transactions. Elemica's global operations are headquartered outside Philadelphia and include offices in Amsterdam, Atlanta, Frankfurt, London, Seoul, Shanghai, Singapore and Tokyo. Clients include BASF, BP, Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber Company, LANXESS, Michelin, Rhodia, Shell, Sumitomo Chemical, and Yokohama. For more information, visit www.elemica.com.