Jun 25, 2019 Supply Chain
Surgere have announced they have joined the Blockchain in Transport Alliance (BiTA) — a member-driven organisation that shares a common mission of driving the adoption of emerging Blockchain architecture forward.
BiTA is another tool that Surgere will use within their cloud-based software solution – currently delivering unprecedented supply chain visibility and control.
Blockchain — as an additional layered technology — will enhance Surgere’s ability to identify and track transactions digitally and share that information through distributed ledgers. “Blockchain enables instant visibility of inventory transactions, captured by Surgere’s extremely accurate RFID solutions, which can be immediately and collectively processed throughout the Supply Chain,” said Rusty Coleman, Surgere’s VP of Digital Transformation. “That visibility can remove artificially created demand patterns and make visible smooth and continuous demand for Tiers near real-time. Harnessing that visibility and creating new rules within ERPs can lead to operational efficiencies and reduce lead-time across the supply chain.”
Surgere’s collaboration with BiTA to advance Blockchain is congruent with a statement made by Bill Wappler, Surgere’s CEO, in February this year. Wappler said, “Our customers rely on us to be efficient, precise and trustworthy…To us, ‘innovation’ is about thinking scientifically as well as creatively, extending the confines of the technology that exists today. The combined outcome for our client is reduced cost and increased productivity”
As Surgere continues to lead supply chain innovation across the automotive industry, they will continue to invigorate their solutions with technological advancements, like Blockchain.
An example, Surgere’s AutoSphere – a community of Automotive OEMs, Suppliers, and Transportation Providers all working together in a single software environment on a shared cloud-based platform— is now onboarding over 1,551 suppliers in 2019. That number will triple in 2020. Each year, the Automotive Industry loses between 16 and 18% of reusable packaging assets, which, according to Wappler, amounts to an enormous “multi-billion-dollar problem. Until now, everyone worked at solving supply chain losses uniquely with non-standard solutions. AutoSphere changes everything.”
A recent study from McKinsey Digital found that only about 1/6 of the world’s largest companies adopting IoT report a significant return on investment. Surgere’s supply chain solutions can boost IoT performance by providing 99.9% data acquisition accuracy throughout the supply chain. That level of accuracy enables advanced analytics and superior supply chain response. Most of Surgere’s clients experience ROI inception within 6 months.
“Supply Chain professionals know it’s important to reduce lead-time and inventory,” said Coleman. “That increases cash flow, improves efficiency, and provides timely available to promise. Blockchain is a tool that should be leveraged to give access to instant and transparent information. Blockchain is the new payback tool to explore and exploit.” Coleman underscored, “For organisations willing move forward with advancements, like AutoSphere and Blockchain, operating costs will decline, and business will run with greater transparency and efficiency.”