Supplier Collaboration between Manufacturer and Multi-Tier Suppliers
RealCollab revolutionizes collaboration by providing OEMs with a unified "single source of truth." Unlike traditional linear workflows, RealCollab enables real-time, multi-tier collaboration powered by Blockchain and AI/ML technologies, offering actionable insights to optimize supply chain efficiency.
Key Features:
- Multi-Tier Supplier Collaboration
- Predictive and Prescriptive Alerts
- Scalable Data Architecture
- Automated Tracking of Resolutions and Actions
- Self-Tuning Autonomous Supply Chain
- Impact Analysis and Prioritization
- Proactive Problem Solving and Resolutions
Qualifying Questions:
- Would having visibility into your sub-tier supplier network improve your production efficiency?
- Do you receive timely alerts and information about deviations from your original procurement plan?
- Are your teams spending too much time monitoring and following up with suppliers, leading to inefficient use of their time?
- Can you quickly track the origin of a product or part when necessary?
- Does your actual spending on supplies often exceed your original budget due to unpredictability?
Challenges:
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Challenge 1: Bullwhip Effect – The lack of a unified view due to data silos hampers strategic inventory and production planning, leading to downstream disruptions and customer dissatisfaction. This also results in excess inventory or stockouts, further impacting operational costs and efficiency.
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Challenge 2: Friction – The absence of readily available data to identify and address faulty products or mismatches causes friction in supplier relationships. Delays in rectifying issues can harm trust and lead to potential delays in production or delivery schedules.
How Do Customers Benefit?
Customers experience significant improvements across three key areas: revenue, cost, and service levels.
Revenue Impact: Achieve a 10-15% improvement in customer order fulfillment and a 20-30% reduction in plant stoppages caused by sudden shortages of critical supplier parts, thanks to enhanced visibility throughout the supply chain.
Cost Impact: Realize a 15% reduction in inventory costs and a 20% decrease in logistics costs, including premium freight for contingent parts, by optimizing supply chain processes.
Service Level Impact: Experience over a 50% improvement in response time to disruptions by leveraging visibility, simulations, risk assessments, and mitigation strategies across all tier suppliers, ensuring smoother operations and fewer delays.