Published on the 22/02/2023 | Written by Newsdesk
Intelligent SCM tools are in the here and now…
Organisations have always needed to bridge decision-making across their supply chain operations and finance functions.
However, in the face of the global disruptions we’ve seen over recent years, managing demand volatility and supply constraints and their impact on production scheduling and distribution are now mission-critical.
Floods, fires and sustainability imperatives have only added to the challenge and made the availability of trustworthy real-time data a matter of survival.
The latest Interos Annual Global Supply Chain Report reveals that supply chain disruptions, ranging from climate change to economic uncertainty and digitisation, cost large organisations an average of AU$274 million in lost revenue – per company – every year.
While the surveyed companies are in the ‘large’ category, the message, and cost implications, are clear.
So how can supply chains be modernised with the power of data and machine learning?
Automation and machine learning in supply chain management
One example of innovative supply chain management is a fast-growing SaaS (software as a service) company headquartered in Singapore, Stemly, which built an enterprise decision intelligence platform to support supply chain management.
It offers demand planning, replenishment and inventory optimisation, sustainability planning and optimisation as well as retail planning for ecommerce businesses and marketplaces. Their objective is to help executives make better and faster decisions by decoding data science to automate forecasting and optimise information so it is in the right place at the right time.
Data critical to drive modern SCM
An essential aspect of Stemly’s products is the machine-learning-based insights they provide. However, ML needs data, which is why data integration – the ability to connect to a variety of data sources and ingest that data in real-time, or via batch, is critical.
“Data problems are hairy problems. They’re not easy.”
Given the nature of its business, Stemly needed a trusted iPaaS (integration platform as a service) solution that was cloud-native, easy to use and provided functional support. After evaluating a handful of different solutions on the market this year, SnapLogic, a leader in intelligent integration and enterprise automation, emerged as the clear winner.
Real-time data enabling faster issue resolution
With SnapLogic’s intuitive no/low-code platform, Stemly has the data it needs in real-time to serve customers better and faster than ever before.
“We chose SnapLogic because it fits the bill on all the criteria we were after,” says Stemly CTO Abhimanyu Prabhavalkar. “The SnapLogic platform was very easy to use in the trial period. And I was also happy with how intuitive it was for us to build pipelines and ingest data into the product.”
Giving business leaders an edge in the market
Prabhavalkar looks forward to Stemly’s continued collaboration with SnapLogic because it gives the business a competitive advantage in the market.
“The exciting part about working with SnapLogic is the time-to-market abilities it provides us. It allows us to rapidly ingest data in a quality manner by transforming and cleaning the data before it comes into our data lake,” he shares.
With SnapLogic, we have the ability to build our data pipelines declaratively, rather than with code. This allows for more reliable, resilient and reproducible deployments, reducing our time to market considerably.”
“I’m really looking forward to our joint collaboration and the future of our relationship as we take on an increasing number of big-name customers with even bigger data problems to solve,” Prabhavalkar says.
James Campbell, Regional Manager, Australia New Zealand at SnapLogic, says, “Like many companies, Stemly leverages rich sources of data to transform executive decision-making and chose SnapLogic as an efficient way to seamlessly connect with a large variety of customers’ systems, as well as external data sources.”
“I’m thrilled to see that SnapLogic has helped the Stemly team break data silos by easily and quickly connecting applications and data endpoints, helping them deliver a better customer experience faster in a volatile business landscape. Stemly is an innovator in supply chain, finance and sustainability planning, and we are eager to watch our relationship unfold over time.”
