Downloaded from: justpaste.it/7mize
Rich Katz | President | Elemica
Elemica: A Pioneer in Supply Chain Digital Transformation In an interview with CIO Look, Elemica emphasizes digital transformation of supply chain processes with more efficient and predictive networks using their leading Digital Supply Network for Process Manufacturers. Led by Rich Katz, the President, the company has achieved many milestones on its way to success. Below are the highlights of the interview: What led to the inception of the company? Elemica was established in 2000 by the world’s largest chemical companies who wanted a neutral place to seamlessly unite supply chains and automate the inter business processes for the products they were buying, selling, moving, and managing the quality between one other. Describe your company and its cutting-edge solutions which address all the needs of your customers. Elemica’s Digital Supply Network (DSN) gives clients control over their global supply chains. The network enables process manufacturers and their trading partners to connect efficiently and securely; automate their buy, sell, move transactions while managing product quality; anticipate demand and reduce the risk of uncertainties. In conjunction with the network, Elemica offers supply chain solutions that enhance specific objectives: Elemica Buy: Leverages benefits of digital procure to- pay process automation to build collaborative supplier relationships, so products arrive at the right place at the right time, driving ideal balances of inventory, and service levels. Elemica Sell: Increases customer satisfaction by automating the order capture in an omnichannel approach and providing visibility from customer order through invoice/payment. Elemica Move: Digitizes the inbound and outbound shipment processes and data with a network of carriers, forwarders, terminal operators, warehouse providers, and logistics service providers for quality and execution data and management. Elemica Quality: Aligns supply chain quality objectives with suppliers, customers, and manufacturing to achieve visibility, higher quality, improved traceability, and compliance. Elemica See: Provides real-time monitoring and exception-based management to world events and applies them to supply chains to understand others or locations impacted. How do your services differ from the other companies offerings? Elemica continually enhances how its network captures customers, buyers, suppliers, and logistics providers data irrespective of the format it was transmitted. The data coming in from disparate sources and different channels are converted into a unique common structure. The Elemica DSN then “cleans” this data by standardizing the format. The network then digitally links the data using proprietary technology on the Elemica cloudbased platform. This final aspect of the data requirement leaves every competitor behind. This cleansed and now linked data is sent back into our clients’ systems through APIs for logistics, customer service, and procurement. The data also interoperates with third-party data, such as weather or risk information to enrich analytics for more informed predictions, such as what can happen if a port is closed. The data is enabled by machine learning capabilities that ultimately provides holistic decision-making capabilities and enables customer concentricity to maximize the value for all supply chain trading partners. Unlike our competitors, we also offer the Elemica Quality Management solution. This aligns Total Quality Management (TQM) rigor deployed within the manufacturing process to the extended supply chain. It improves product and process quality with suppliers, customers, and logistics providers for supply chain compliance, track, and trace. Describe in detail about the work culture and the values that drive your company.