The Silicon Review
New technologies are presenting promising opportunities for improvement across the supply chain. Using blockchain in the supply chain has the potential to improve supply chain transparency and traceability as well as reduce administrative costs. A blockchain supply chain can help participants’ record price, date, location, quality, certification, and other relevant information to more effectively manage the supply chain.
Omnichain™ is one such end-to-end supply chain management platform that primarily is focusing on delivering supply chain management solutions that leverage the latest digital technologies to help global brands and retailers of all sizes create more transparent, connected, and sustainable supply chains to drive business growth at scale. By combining its domain knowledge of the industry with the latest in artificial intelligence and machine learning, its platform runs predictive analytics and generates intelligent recommendations to guide decision-makers in how to hit targeted outcomes.
Next-Generation Supply Chain Management Services Offered
Supplier Integration and Management: Drive efficiencies in procurement operations, improve supplier relationships and mitigate risks with supplier visibility & automation. Users can gain upstream visibility into on-hand inventory, capacity constraints, production status, shipment tracking, and required documentation. They can also measure and manage the performance of suppliers with supplier scorecards. Validate authenticity of product claims and quality with digitized certifications & compliance documents and enable suppliers to plan and manage production more efficiently by sharing downstream visibility into forward-looking demand forecasts. Organizations can increase response times by reducing manual methods of communication such as emails, phone calls, and spreadsheet reports.
Supply Planning and Execution: Eliminate out-of-stocks, increase order fulfillment rates and reduce inventory carrying costs. Proactively position and balance inventory across the supply chain network based on future omnichannel demand. The company provides systematic determination of optimal order routing and allocation based on SKU, channel and geolocation via distributed order management. Organizations can continuously replenish inventory based on actual and forecasted demand. Programmatically generate intelligent MRP recommendations based on demand horizon with integrated, one-touch purchase order execution. Increase customer service levels and boost sales by delivering products faster and increasing availability while simultaneously reducing inventory carrying and delivery costs.
Demand Planning and Forecasting: Boost confidence and trust across omnichannel customers through unparalleled demand forecast accuracy. The company provides automatically generated forecasts based internal and external demand indicators such as historical data, real-time sales, channel activity, seasonality patterns, promotions, new product introductions, social chatter, and weather data. Programmatic creation of short term or long term forecasts with adjustable forecast horizons. Compare the performance of various forecasting models (Omnichain forecast, sales forecast, and financial forecast) versus actual sales. Confidently plan new product releases with attribute based demand modeling along with multi-dimensional planning based on top-down or bottom-up requirements by geolocation, channel, customer, category, fixture, shelf, and item/SKU.
Warehouse and Inventory Management: Manage inventory levels and product flow across all warehouses in your network, driving down inventory costs and improving fulfillment efficiency and accuracy. Smart receiving, inbound quality control, and put away orchestration automatically positions inventory in warehouse zones based on anticipated velocity, throughput and product status. The company enables activity planning to effectively manage warehouse operations and throughput with visibility into the average orders on a daily, weekly and monthly basis. It also provides real-time WHSE heatmap to visualize frequency of pick/pack/ship activity and to identify problems or backlogs in operations to quickly deploy resources. Dynamic cycling counting based on various singular or combined models to effectively increase inventory on-hand accuracy. Intelligent mobile application with multi-workflow capabilities based on operator role, responsibility and permissions. It uses dynamic picking logic based on a combination of customer, channel, order, item, shipment method, and mode priorities.
The Formidable Leader
Pratik Soni is the founder and Chief Executive Officer of Omnichain. He is an investor and global executive with a career spanning the United States, Europe and Southeast Asia. He possesses over 20 years of experience in supply chain management strategy and execution, having held leadership positions with Fortune 500 companies like Apple, Beats Electronics and 20th Century Fox. Every day, he personally works one-on-one with companies the world over to improve the connectivity and orchestration of their supply chains. Pratik was named one of the top five supply chain professionals to know by Supply & Demand Chain Executive magazine.