Annually, the Automotive Industry alone loses billions of dollars due to supply chain mismanagement. For most, the deficit is credited to losing between 16 and 18 percent of reusable packaging assets.
The multi-billion-dollar problem in the Automotive Industry is indicative of an issue with the current state of supply chain management across all industries. Simply stated — the status quo of supply chain management has been outgrown.
Trescott Says... |
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| Those organizations seeking a digital supply chain solution and the desire to step into technological advancements, like Blockchain, will experience the fulfillment of ROI, trustworthy data and efficiency. |
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Surgere, the developer of the web-based community AutoSphere, customizes unique solutions for supply chains utilizing sensor-based science – in conjunction with their proprietary cloud-based solution – that delivers unprecedented visibility, data and ROI, while providing 99.9% accuracy.
Technological advancements are an integral part of what makes Surgere’s solutions so innovative and effective compared to others. Blockchain — as a disruptive technology — enhances Surgere’s ability to identify and track transactions digitally and share that information through distributed ledgers.
Surgere’s applications and implementation of blockchain technology are not limited just to the automotive industry but extend to areas like pharmaceutical and agricultural.
When integrated into a supply chain, like in Surgere’s solutions, blockchain technology can show the chain of custody from the collection of raw materials to the car dealership. That would mean that supply chain managers have a detailed account of where a product comes from and what has happened it throughout the supply chain.
“There is a level of security for the consumer that comes with blockchain and the visibility that comes with blockchain that they’ve never had before in a standard supply chain,” said Rusty Coleman, Surgere’s VP of Digital Transformation. “It’s not only about cost reductions for the consumer — it’s about security, transparency and accuracy. Imagine knowing with 99.98% level accuracy the chain of custody regarding a specific part.”
On a large scale, blockchain provides advantages for consumers and supply chain managers. “Blockchain enables instant visibility of inventory through transactions, which can be immediately and collectively processed throughout the Supply Chain,” says Rusty Coleman, Surgere’s VP of Digital Transformation.
“Supply Chain professionals know it’s important to reduce lead-time and inventory,” says 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.”
Accessible data 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 ERP can lead to operations efficiencies and reduce lead-time across the supply chain.
Those organizations seeking a digital supply chain solution and the desire to step into technological advancements, like Blockchain, will experience the fulfillment of ROI, trustworthy data and efficiency with Surgere.
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Sarah Trescott
Marketing Manager
Surgere, Inc.
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Supply Chain Comment
Sarah Trescott
Marketing Manager
Surgere, Inc.
Sarah serves as the Marketing Manager at Surgere where she is responsible for all marketing strategy and execution. She graduated from Walsh University and has over 10 years of experience specifically geared toward creating community based marketing initiatives. With AutoSphere’s massive collaborative approach, Sarah specializes in brining continued growth and value added content to the community which helps members meet their goals through Surgere’s strategy and technological developments. |
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