E2open Parent Holdings, Inc., a network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, announced the release of its fourth-quarter technology update, with major innovations to help clients make informed business decisions amid challenging economic conditions. New applications predict the likelihood of supply shortages over time and help determine the business impact of shipping delays to mitigate service risk and better manage disruptions. With the 21.4 release, E2open introduces two new intelligent applications: Supply Sensing, to predict supply shortages and mitigate risk; and Global Logistics Orchestration, to determine the business impact of shipping delays on downstream operations and service commitments.
“Unprecedented demand for goods, constrained supply and delays in transportation have become the hallmarks of 2021, as have the downstream disruptions to production and distribution,” said Pawan Joshi, executive vice president of product management and strategy at E2open. “Protecting businesses from the impact of shortages is no longer a simple calculation of whether there is enough stock to meet the forecast, but also the mathematical probability of having sufficient supply at any given time.”
“E2open’s Supply Sensing application provides new insights to the likelihood of shortages over time using real-time data, supply variances and a new class of algorithms that deal in probabilities instead of certainties,” continues Joshi. “Advanced analytics also recommend actions to address shortfalls stemming from supply chain uncertainties and proactively mitigate risk. When transportation delays do occur, the degree of economic impact varies for each shipment and so should the response. E2open’s Global Logistics Orchestration application evaluates the downstream business impacts, prescribes the best course of action for each shipment and orchestrates corrective measures. We are very excited about these two applications — and the other innovations in this quarterly release — to help clients of all industries improve supply chain performance and make better decisions in a world that is significantly more uncertain than in pre-pandemic times.”
E2open creates a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from customers, distribution channels, suppliers, contract manufacturers and logistics partners, its collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply, logistics and global trade ecosystems.
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