Elemica Delivers Predictive Visibility to Global Industrial Supply Chains
(Thomson Reuters ONE) -
Artificial Intelligence, Machine Learning & Predictive Analytics Drive Supply
Chain Excellence and Continuous Improvement
WAYNE, Pa., Nov. 07, 2017 (GLOBE NEWSWIRE) -- Elemica, the leading Business
Network for the process industries, introduces unprecedented new levels of
extended end-to-end supply chain visibility with Elemica Pulse, a new solution
that provides real-time predictive visibility from customer order to supplier
delivery and the complete order-to-cash and procure-to-pay process.
Elemica Pulse enables companies to have greater ability to satisfy customer
service levels, mitigate supply chain risk, and streamline cash collection and
payments. Leveraging predictive intelligence, Elemica Pulse uses innovations in
machine learning to help predict outcomes and correlate the dynamic influencers
on their supply chain anomalies. By measuring the contributing impact, companies
then achieve competitive advantage by adding value-added solutions that improve
the customer experience while reducing cost to serve.
"While supply chain visibility is not new, the ability to gain deep visibility
with embedded predictive analytics is. Gleaning historical data from disparate
enterprise systems including the customer, supplier, and logistics providers is
what businesses have been needing for a long time," said Rich Katz, Chief
Technology Officer of Elemica. "Elemica Pulse is the next generation of
visibility, utilizing machine learning to deliver unprecedented end-to-end
supply chain visibility."
Most significantly, Elemica Pulse features the Elemica Reality Check (TM). As
the Elemica Business Network captures event and transaction data across the
entire network, it creates a critical mass of historical business information
that is used to generate strategic and actionable insights. For example, if a
carrier promises next-day delivery, Elemica Reality Checkanalyzes network data
using proprietary algorithms to make an accurate prediction of delivery,
alerting users on a high probability of late delivery.
"Today's businesses expect the same customer experience that consumers get from
their online vendors with full visibility in real time, regardless of mode,"
said Adrian Gonzalez, President of Adelante SCM. "Therefore, the need to convert
data into actionable insights is more important than ever, and industry business
networks, which enable trading partners to connect, communicate, and collaborate
in more scalable and efficient ways, are responding by innovating their
platforms with machine learning, artificial intelligence and predictive
analytics capabilities."
Elemica Pulse:
* Provides visibility from end-to-end, allowing all parties to track orders,
cash, and status through the entire cycle: order capture, shipment,
receipt, invoice, and payment.
* Utilizes machine learning and artificial intelligence to provide more
accurate predictions of shipping and delivery dates, leading to improved
customer satisfaction.
* Gives a comprehensive picture of business performance both inside and
outside the four walls.
* Leverages an easy-to-use, exception-based management dashboard allowing
drill down access.
About Elemica
Elemica is the leading Business Network for the process industries. Elemica
transforms supply chains by replacing manual and complex approaches with
efficient and reliable ones. Launched in 2000, customers like BASF, BP,
Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber
Company, LANXESS, Michelin, Shell, Solvay, Sumitomo Chemical, Wacker and more
process nearly $400B in commerce value annually on the network. Elemica drives
bottom line results by promoting reduced cost of operations, faster process
execution, automation of key business processes, removal of transactional
barriers, and seamless information flow between trading partners. For more
information, visit www.elemica.com.
For More Information, Contact:
Becky Boyd
MediaFirst
(770) 642-2080 x 214
becky(at)mediafirst.net
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Elemica via GlobeNewswire
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News-ID 567033
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