prnewswire | May 26, 2023
Windward the leading Maritime AI company, announced today the launch of its Shipment Analytics Dashboard. The new dashboard, now available as part of Windward's Ocean Freight Visibility (OFV) solution, showcases statistics and analytics about customer shipment and carrier performance to provide them with a holistic assessment of past and current shipments, with additional insights creating a feedback loop between shipment execution and freight procurement to help improve and optimize business decisions.
Lack of data and visibility is a large contributor to supply chain challenges and delays, not only between entities but also within individual organizations, causing reduced efficiency, increased operational costs, inaccurate forecasting, and poor customer experience.
Windward's Shipment Analytics Dashboard provides businesses with individualized analytics on past and current shipments including Port of Discharge (POD), changes per carrier, carrier delays, ETA changes, number of transshipped containers, and active shipments at risk of delay.
Windward's unique data sets and Maritime AI insights are constantly being used by customers who build their own dashboards using Windward's API Insight lab. The insights are integrated directly into customer workflows via API to support business decisions across departments ranging from procurement, operations, negotiations, inventory management, customer success, and more. Windward's Maritime AI insights, powered by billions of data points and advanced behavioral models enable better business processes, thus increasing efficiency and ROI.
"Data is a vital element of any decision-making process, but when implemented directly into the various workflows across departments, it has the power to drastically improve efficiency and processes for the entire organization," said Ami Daniel, CEO and Co-Founder of Windward. "Windward's mission is to empower supply chain stakeholders to make informed decisions in order to increase efficiency and decrease costs of their shipping operations. Our new Shipping Analytics Dashboard is a valuable tool that allows them to easily deep dive into their own data and accomplish their goals."
Windward's Shipment Analytic Dashboard is an added capability to the company's Ocean Freight Visibility (OFV) solution which utilizes data aggregated from more than 120 carriers, 1,400+ ports and terminals, 5,500 container vessels, sailing schedules, meteorological data, and location and AIS data. The solution provides accurate ETA predictions and real-time visibility into container and vessel journeys allowing users to better predict, plan, and proactively mitigate supply chain risks.
Windward a publicly traded company on the London Stock Exchange, is the leading Maritime AI company, enabling organizations to achieve business and operational readiness. Windward's AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, business, and the supply chain.
businesswire | May 24, 2023
Celonis, the global leader in Process Mining, today launched its new End-to-End Lead Times App at the kick off of the Celonis World Tour 2023. The App analyzes the entire lead time to procure, manufacture and distribute finished goods, the impact of each of these processes on the end-to-end lead time, and the bottlenecks delaying the entire process to accelerate cash conversion and exceed service levels.
To assess end-to-end lead times with traditional process mining would be highly intensive, with multiple event logs created, because this requires data about so many different objects and parallel processes - from procurement, to production, to distribution. The Celonis End-to-End Lead Times App, however, builds on Celonis’ newly launched Object-Centric Data Model which expedites insights to rapidly identify the entire lead time to procure, produce and distribute finished goods, the impact of each of these processes on the end-to-end lead time and the critical issues delaying that individual process.
Armed with this information, supply chain leaders can then intervene much more accurately and quickly to improve service levels and accelerate cash conversion through better working capital.
Understanding end-to-end lead times - in other words, the time it takes to initiate and complete the entire supply chain process for a finished good within the boundaries of one company - has always been crucial to supply chain leaders for various reasons: so that they can identify ways to compress lead times to reduce working capital and accelerate cash conversion; find ways to exceed service levels; and be able to set accurate timelines with customers even if unexpected disruptions occur.
Capturing the actual lead time for every finished good globally, however, is challenging because of the volume of goods that need to be tracked, the number of locations that the goods can exist in and the variations to creating that finished good. Without a way to effectively leverage data to map out every way materials are procured, manufactured, distributed and fulfilled, supply chain leaders are left with assumptions about their end-to-end lead times, which do not consider all process variations; solutions at the mercy of data accuracy in the ERP system, which can result in outdated and also inaccurate lead times; and no way to know where to start when they want to improve their end-to-end lead times.
With the Celonis End-to-End Lead Times App, supply chain leaders can:
Track the movement and location of each component through each process required to create a finished good, ensuring they see every path that is required to sell the finished good;
Surface the finished good with the lowest service level or finished good with excess inventory, thereby enabling a focused approach to improving end-to-end lead times;
Identify potential root causes to the end-to-end lead time bottlenecks, like outdated master data resulting in longer lead time calculations - allowing them to take immediate corrective action to improve end-to-end lead times.
“We will reduce working capital across all production sites by about 10 percent with the Celonis End-to-End Lead Times App,” said Kai Führer, Director Global Supply Chain Controlling at Freudenberg Sealing Technologies. “Furthermore, with this end to end transparency, we can find ways to deliver the same service in an even shorter time frame and act faster and be more flexible even when disruptions occur. I’ve worked in Supply Chain for over 20 years. This level of transparency has never been possible. But with Celonis we can stop arguing over the variations and align on a path forward to create a more agile and resilient supply chain.”
“Capturing the actual lead time for every finished good globally is challenging, due to the volume of goods that need to be tracked, number of locations the goods can exist in and variations to creating that finished good,” said Peter Budweiser, Supply Chain Product Lead at Celonis. “Without the E2E Lead Times App, it wasn’t possible to effectively leverage data to map out every way materials are procured, manufactured, distributed and fulfilled. I am thrilled that now, with this App, we can enable supply chain managers to accelerate their cash conversion cycle while still ensuring they meet service levels.”
The Celonis World Tour kicks off on May 23 and covers 10 stops across the US, Europe and Japan. It is Celonis’ global process mining roadshow where customers, prospects and partners share how, with Celonis, they are able to find and capture business value within processes, enabling them to perform at levels they never thought possible. The Celonis World Tour kicked off shortly after Celonis was named a leader in Gartner’s® first-ever Magic Quadrant for Process Mining Tools. The report catapulted process mining into C-level consciousness and placed Celonis highest and farthest to the right on both axes, Ability to Execute and Completeness of Vision.
Celonis enables customers to optimize their business processes. Powered by its leading process mining technology, Celonis provides a unique set of capabilities for business executives and users to continuously find improvement opportunities within and across processes, and execute targeted actions to rapidly enhance process performance. This optimization yields immediate cash impact, radically improves customer experience, and reduces carbon emissions. Celonis has thousands of implementations with global customers and is headquartered in Munich, Germany and New York City, USA with more than 20 offices worldwide.
SOFTWARE AND TECHNOLOGY
prnewswire | May 29, 2023
GEP, a leading provider of supply chain strategy, software, and services to Fortune 500 and Global 2000 enterprises worldwide, today announced the launch of a suite of solutions within GEP SOFTWARE that uses OpenAI's ChatGPT technology through Microsoft Azure OpenAI Service.This integration offers clients an intuitive interface to query data, automate processes and improve decision-making to optimize operations.
"The AI capabilities from Microsoft are a giant leap forward. This integration provides our clients with a conversational-based interface that is more intuitive, allowing them to derive actionable insights and improve global procurement and supply operations like never before, unlocking new levels of efficiency and productivity," said Subhash Makhija, chief executive officer, GEP. "We're using generative AI capabilities through Microsoft Azure OpenAI Service to identify operational gaps and risks in supplier contracts and brainstorm ways to optimize procurement and value chains."
"This collaboration aims to accelerate AI-driven innovation to deliver more efficient and sustainable global procurement and supply chains for our joint customers," said Alvaro Celis, vice president of ISV Sales for Microsoft.
GEP SOFTWARE, used in 120 countries, is available in the Microsoft Azure Marketplace. It includes GEP SMART™, named the world's best procurement software, encompassing spend analysis, sourcing, contract management, supplier management, savings project management, catalog management, and category workbench, and GEP NEXXE™, the next-generation cloud-native supply chain unified platform. Microsoft's generative AI capabilities are incorporated into the GEP MINERVA™ suite of AI and machine learning (ML) engine enabling cross-organization data analytics and decision support. GEP SOFTWARE enables global companies to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.
About GEP Software
GEP Software provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable.
With beautifully rendered interfaces and flexible workflows, GEP provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity.
GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology.
GEP's software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty.
A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters.
GEP SOFTWARE is part of Clark, NJ-based GEP — the world's leading provider of procurement and supply chain strategy, software and managed services.