Leading research agency IDC has identified top 10 innovative projects in supply chain business in the Asia Pacific region.
IDC Supply Chain Technology Leaders Recognition Program identified outstanding achievements in the integration and digital transformation of physical, informational, and financial flows between organizations, creating interdependencies that increase performance and customer engagement, and support environmental, social, and corporate governance (ESG).
Last March, IDC opened nominations for the IDC Supply Chain Technology Leaders Recognition Program to showcase the best projects on supply chain ecosystem execution, orchestration, and sustainability.
All entries were evaluated by a judging panel comprised of Dr. Raymon Krishnan, President of The Logistics and Supply Chain Management Society; Keith Carter, Associate Professor at National University of Singapore (NUS); Wolfgang Lehmacher, Former Director Supply Chain and Transport Industries at the World Economic Forum; Simon Ellis, Program Vice President of IDC Manufacturing Insights; and Dr. Yongjian Li, Professor and Department Chair on Management Science and Engineering at the Nankai University, China.
Winning projects of the Supply Chain Technology Leaders across four categories:
Supply Chain Operations Transformation
Connected Network by Western Digital – A Digital Twin that generated a cost-saving opportunity of $4.4 million and helped reduce delivery lead time by 2 to 5 days through shipping direct to end-customers.
Theory of Constraints (TOC) Implementation by Prism Johnson – Identifies system constraints, decides on how to exploit these constraints, maximizes throughput, elevates the system constraints, and prepares the organization’s ongoing process improvements.
Supply Chain Control Tower by LCFC (Hefei) Electronics Technology (LCFC) (Lenovo) – An intelligent operation center that integrates all the digital systems. It provides LCFC with E2E data visibility and visual management, an alert and event management mechanism, and intelligent analysis and simulation.
Supply Chain Orchestration
Digital Supply Chain Enabled by the JDM Business Model by Inspur Electronic Information Industry – A Digital Supply Chain Enabled by the JDM Business Model that has helped by increasing delivery efficiency by 40 percent, eliminating delivery risk for 150,000 units, achieving over 15 percent revenue growth, and rising from third to second in the world for server shipments.
Lenovo Supply Chain Intelligence (SCI) by Lenovo – A Lenovo self-designed product for the Asia Pacific region. SCI uses machine learning and AI technology to analyze and propose solutions to reach autonomous control of daily supply chain operations.
LCFC Supplier Collaboration Platform by LCFC (Hefei) Electronics Technology (LCFC) (Lenovo) – A cloud-based LCFC Supplier Collaboration Platform that connects nearly 400 global suppliers, visualizes inventory, helps improve the suppliers’ order fulfillment rate, and has reduced inventory costs by nearly $1 million.
Goose by MYbank – A set of digital supply chain financial service solutions has cooperated with more than 600 brands, covering over 20 industries. For SMEs, the average loan availability rate has reached 80 percent from 30 percent. The efficiency of financial personnel managing stores has increased by 100 times.
Sustainable Supply Chain
Building a Deforestation Free Palm Oil Supply Chain by Unilever – Unilever has partnered with Google Cloud to use cloud computing, satellite imagery, and AI, to build a more holistic view of the forests, water cycles, and biodiversity that intersect its supply chain. This technology supports Unilever’s goal of achieving a deforestation-free supply chain by 2023.
Lenovo Green Supply Chain Data Management Platform (GSCDM) by Lenovo – A platform that has improved the effectiveness of Lenovo’s green supply chain management, reduced testing and certification costs, and lowered the risk of enterprise green supply chain issues.
Supply Chain Innovation
Connected Network by Western Digital – Western Digital was selected for the Supply Chain Innovation category for its innovative use of digital twin technologies that integrate its supply chain network data to perform analyses and support decisions that have had a tangible impact on lead times and costs, as well as supporting continuous innovation for future initiatives.