IBM: New suite tackles the complexity of global supply chains
The new suite named ‘IBM Sterl...
IBM has announced its new integrated supply chain suite to help make global supply chains smarter and more efficient.
The new suite named ‘IBM Sterling Supply Chain Suite’ has been built on the foundations of Sterling B2B Network and Sterling Order Management. It will enable businesses to integrate critical data, business networks and supply chain processes with IBM’s Watson AI, IBM Blockchain and IoT to provide new competitive advantages as it learns from experience.
In addition to the suite IBM will provide a secure, open platform with hybrid-cloud support that will enable users to integrate data and networks from suppliers, customers and the company itself into the suite for greater reliability, transparency and security.
"Supply chains are now mission-critical systems for all businesses to drive success and profitability," said Bob Lord, Senior Vice President, Cognitive Applications and Developer Ecosystems, IBM. "Many organisations have risen to the top of their industries by building efficient and agile supply chains. By modernising supply chains on top of open, hybrid-cloud platforms and infusing Watson AI, IBM Blockchain and IoT into their networks, the IBM Sterling Supply Chain Suite can help companies across all industries enter a new era of global competitiveness.''
Current IBM Sterling clients include: Adidas, AmerisourceBergen, Fossil, Greenworks, Home Depot, Lenovo, Li & Fung, Misumi, Parker Hannifin, Scotiabank, Whirlpool Corporation and El Corte Ingles.
"The complex, global nature of our omni-channel operations presents a significant supply chain challenge that could be turned into a business opportunity, if the right technology is applied," said Juan Andres Pro Dios, CIO, El Corte Ingles. "The IBM Sterling Supply Chain Suite provides open development capabilities that let us quickly tailor solutions to meet our unique business needs. This allows us to embrace operational complexity while optimizing operational performance and improving omni-channel customer experiences."
IBM believes in the importance of open, trusted collaboration. “The global economy is becoming more reliant on the interaction between connected companies. The potential business value of the modern supply chain has never been higher” said IBM.
Did you know? IBM Watson was No. 5 in Supply Chain Digital’s October edition for Top 10 software companies.
For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.
5 minutes with: Ivalua’s Sundar Kamak
Who are you?
My name is Sundar Kamak, I’m Head of Manufacturing Solutions at Ivalua. I’ve been with the company for around two years now, and I’m responsible for our industry solutions and our pre-sales team. Before joining Ivalua I spent almost 20 years in the source-to-pay procurement space, working for a number of providers. But I got my career started in manufacturing and supply chain, specifically in automotive and aerospace.
And what is currently taking up the majority of your professional time?
The last year I've been focused in helping organisations put together a digital transformation strategy, especially manufacturing companies, so they can continue to address some of the challenges they face due to the COVID pandemic.
The traditional approach of engineers designing their latest product then procurement going off to source no longer works
What are the biggest challenges facing your corner of supply chain?
We have a lot of clients coming from different backgrounds - aerospace, high-tech, automotive - and they’re feeling the pressure and the crunch. There’s a lack of product, lack of material availability, lack of resources, labour shortages. So, I work with the leadership in these organisations, try to understand what problems they're looking to solve and come back with Ivalua solutions that can help them address some of these challenges.
Where do the biggest opportunities lie?
If we look at manufacturing, it all comes back to procurement and supply chain being involved sooner in the process. The traditional approach of engineers designing their latest product then procurement going off to source no longer works. It’s important to treat suppliers like partners, which means you build trust, so they can participate very early on in the product design and product development process. It’s not done consistently in the manufacturing sector, but it will be key.