The adoption of machine learning in enterprise technology is becoming the next arms-race for many vendors. Supply Chain Planning technology is currently experiencing a major step-change in its evolution. The point of no-return has been reached.
This is an exciting time with major benefits to be realized. Many companies sitting on a gold mine of data are set to realize its value. The only bad machine learning plan is no plan at all. Machine learning is a crucial part of a comprehensive digital transformation strategy.
Giant Manufacturing Co. saw the writing on the wall early on. The world’s biggest bicycle maker started moving production of U.S.-bound orders out of its China facilities as soon as it heard Trump threaten tariff action in September.
Challenge: A customer was standardizing and automating its global third-party risk management program, and the company needed configurable risk-based screening and custom open-source search capability in a globally integrated workflow solution. The company also wanted to accelerate its onboarding and due-diligence processes — while controlling costs and ensuring procedural variances were standardized.