Supply & Demand Chain Executive Names aThingz Recipient of 2024 Top Supply Chain Projects Award
2024年7月2日 - 6:14AM
ビジネスワイヤ(英語)
This award profiles innovative case study-type projects designed
to automate, optimize, streamline and improve the supply chain.
Supply & Demand Chain Executive, the only publication
covering the entire global supply chain named aThingz as one of the
winners of this year’s Top Supply Chain Projects award, which
profiles innovative case study-type projects designed to automate,
optimize, streamline and improve the supply chain.
Supply & Demand Chain Executive has recognized aThingz for
its role in helping a Top 5 global automotive OEM realize logistics
financial cost to serve visibility. This breakthrough capability
increased logistics financial plan to actuals accuracy by 20%
raising overall performance to 95% accuracy sustained.
“International shipments can take anywhere between 30 to 120
days, or more, depending on what happens during that shipment
journey,” says Kannan Ramachandran, Chief Commercial & AI
Officer at aThingz. “In between long-lead invoices, the OEM lacked
visibility into the costs they were accruing, leading to challenges
in financial forecasting and cost variance resulting from their
carrier invoices vs. what they had planned for.”
aThingz consumes shipment information from the OEM’s freight
forwarder and carriers to uniquely construct the execution network
and costs, leveraging the master data, planning, and contracted
rate information.
“We perform reverse network planning,” says Vijaya Neela,
aThingz CEO & President, to determine things like “Was it the
contracted carrier who executed the shipment, did they do any spot
buys, did they do something else? If the cost ended up being
different than what was planned, did volumes change?"
aThingz then takes this to the next level by using AI, Machine
Learning, Deep Learning and a suite of heuristics to better predict
and validate the number of shipments or containers that will flow
through OEM’s network for the upcoming month as well as the cost
associated. This becomes another input for financial accruals.
Having visibility into expenses being accrued and financials
associated with a shipment before they are invoiced is extremely
critical to the logistics cost to serve and cash flow. By tying the
carrier network to appropriate shipper rates and contracts,
shippers like this OEM can accurately understand what happens
during the shipment process and easily explain the operational
costs and financials to stakeholders.
“The past 12 months has seen companies within the supply chain
and logistics space upgrade, enhance, adopt and adapt in order to
achieve greater efficiency along the chain. Companies implemented
others' software and technology to work smarter, together. Their
partnerships cultivated resilience and placed a spotlight on
projects designed to make the supply chain space safer and more
efficient,” says Marina Mayer, Editor-in-Chief of Supply &
Demand Chain Executive. “And, now it's time to celebrate those
projects!”
About aThingz
aThingz is an innovative supply chain AI company based out of
Southfield, MI, to drive accelerated tangible business benefits.
The following highlights aThingz innovative process and
approach
Modernization and Reconfiguration of Logistics
aThingz, has adopted first principles design thinking to
modernize and reconfigure logistics master data management,
planning and execution.
S&OP for Logistics and Transportation
aThingz S&OP for logistics and transportation evolves
traditional siloed logistics planning & execution functions
into a continuous, closed-loop, process using modern day autonomous
AI techniques and technologies.
Triple-Double Architecture
aThingz triple-double architecture for the first-time fuses
together the information (or data), physical (movement of goods and
services) and financial supply chains (cost to serve) – the triple
play. The double play collapses, and unifies, and enables closed
loop continuous logistics planning with execution.
For more information about our solution and services, please
visit us at https://www.athingz.com.
Click here to view the full list of Top Supply Chain Project
Winners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240627016641/en/
Jennifer Keranen jkeranen@athingz.com