E2open, a provider of cloud-based trading and logistics solutions, has added a decision-making tool to its suite of services.
E2 Rapid Resolutions provides cross-network prescriptive analytics for decision support, the company said. The product leverages data, process, and analysis across trading networks for continuous monitoring, earlier detection, and faster resolution of supply chain disruptions.
Cloud-based platforms such as E2open’s enable supply chain partners to share information across networks. The systems translates data from disparate networks; rationalize the data; and share it with select partners. By accessing real-time information, companies can reduce lead times, expedite costs, and reduce inventory across trading networks.
“E2 Rapid Resolutions meets the growing market need for faster, more intelligent decision making within the execution window,” said Mark Woodward, President and CEO, E2open. “In response to feedback from a number of enterprise customers, we wanted to develop a product suite that could extend the benefits of cross-network visibility by incorporating sophisticated prescriptive capabilities. It’s important to understand that this isn’t simply about faster planning—it’s about making better decisions in the network with consideration given to operational and financial priorities.”
The resolution tool uses algorithms to measure the scale and scope of a supply chain disruption and calculates the operational and financial tradeoffs of specific decisions. Considerations include customer service levels, cost to serve, alternate sources of supply, and shipping mode/lane alternatives.
“As change and unpredictability continue to increase, there is a stronger need for closer convergence between supply chain planning and supply chain execution that allows the planning processes to respond to execution changes and deviations from the optimal plan in a meaningful way,” according to Tim Payne, Vice President, Research, Gartner, in a June 2012 report entitled “New Supply Chain Planning Model Highlights Three Key Phases.”