Auto Industry Companies Proactively Strengthening Global Supply Chain Resiliency
Resilinc provides insights into sub-tier supply chain dependencies Santa Clara, CA – May 14, 2014
– Resilinc Corp., the leading provider of end-to-end supply chain resiliency solutions, today announced that the world’s leading automotive manufacturers are proactively mapping their global, multi-tier supply chains as a way to better understand critical dependencies and improve their ability to respond to global disruptions in a swift and cost effective fashion. The global automotive industry is highly competitive. Automotive OEMs are under constant pressure to not only ensure their automotive supply chain is agile and able to respond to changing demand trends, but also ensure that supply chain safety, security and long term resiliency are not compromised. OEMs and their suppliers are designing their supply chains to get closer to the strategic markets they serve, to better respond to local demand and more effectively optimize their global manufacturing capacity to meet the needs of the most rapidly growing markets. To meet this competitive challenge, General Motors’
operations depend on the ability of the thousands suppliers, especially the sub-tier suppliers, to deliver the materials required to consistently meet its production schedules, despite many disruptions that might occur around the world. “Disruptions to our production schedules caused by an unexpected shortage of systems, components or parts even for a relatively short period of time could cause us to alter or suspend manufacturing activities. The multi-tier supply chain mapping and visibility Resilinc provides gives us valuable insights into potential vulnerabilities deep in our supply chain, so we can work with our suppliers proactively to mitigate issues before they occur,” explained William Hurles, executive director of global purchasing and supply chain, GM. “It is not sufficient in the 21st century to depend only on data from companies’ ERP systems to manage supply chain. Our customers’ supply chains extend into 40-50 countries globally and are 7-8 tiers deep. Resilinc is focused on helping our clients to harness the power of supply chain intelligence to better manage the vulnerable areas of their global supply chain. Resilinc’s global supplier network and parts intelligence repository enables customers to use information to identify problems and fix them holistically with the right strategy rather than manage supply continuity purely with inventory,” said Bindiya Vakil, president and CEO of Resilinc.
Resilinc SupplyIntel™ Meets Today’s Global Risk Management Challenges
The Resilinc SupplyIntel™ supply chain software product is specifically designed to address the problem of lack of visibility that is experienced by manufacturers of complex products such as any automotive OEM or sub-tier supplier. Contrary to several years ago, automotive manufacturers and suppliers have a huge dependency on the high tech supply chain as more and more electronics find their way into the cars we drive. When disruptions occur, automotive companies find themselves competing for component supply with high tech stalwarts such as Apple, HP and Cisco who have developed strong relationships with component suppliers for many decades. Resilinc SupplyIntel™ enables customers to leverage their supply chain expertise better to make a positive material impact to the long term performance of their extended supply chain. The central repository makes deep supply chain intelligence available to users across the organization who can leverage it for their own initiatives. It enables companies to improve resource efficiency 200% and expand opportunities for supply chain analytics, supplier development, cost savings, strategic sourcing and supply base rationalization. With the business-critical addition of Conflict Minerals and Corporate Social Responsibility (CSR) capabilities, Resilinc SupplyIntel now delivers a complete turnkey solution for the entire spectrum of supply chain risk that are managed by supply chain practitioners. SupplyIntel’s comprehensive capabilities include multi-tier mapping, event monitoring, risk quantification and mitigation tools, together with a broad range of survey modules for business continuity mapping, conflict minerals, corporate social responsibility and supply chain security – all on a single integrated platform. Resilinc SupplyIntel is completely integrated into the EventWatch product which delivers round the clock monitoring of global events which have the potential to disrupt the supply chain. Together these two products provide a best in class capability that top brands are adopting to better manage the 21st century challenges inherent in their extended supply chain.
Resources and Links
- Click to download our Automotive Supply Chain Resiliency Whitepaper
- Click to sign up for Resilinc EventWatch.
Resilinc is the leading provider of global supply chain resiliency solutions and delivers scalable enterprise solutions that enable supply chain professionals to gain visibility across multiple tiers of their complex, global supply chains. With a comprehensive offering that encompasses multi-tier supply chain mapping, single points of failure analytics, global disruption event monitoring and management, mitigation workflow, and part-level supply chain compliance programs such as conflict minerals, Resilinc has become the leader in comprehensive supply chain resiliency solutions. Resilinc helps customers achieve supply chain resilience through innovative and patent-pending technology, an extensive resiliency-driven supply network, and a proven comprehensive enterprise scale supply chain software solution that delivers strong value to both clients and supplier partners. For more information, visit https://www.resilinc.com