Value chain refers to the various business activities and processes involved in creating a product or performing a service. As an example, Supply Chain for a manufacturer, is a network of interconnected entities and activities involved in the production, distribution, and delivery of products or services to end customers. Multiple entities and stakeholders involved in various stages of a product lifecycle, leads to fragmented data and inefficient coordination.
Traditional supply chains lack visibility and traceability, are delayed, and rely on communication — not automation. There is lack of visibility between upstream and downstream partners, lack of real-time data to enable real-time actions, lack of trust & privacy in partner data, and all of it is compounded by the fact that bringing it all together is complex and requires connecting disparate systems and data formats.
Impacts of lack of visibility into your supply chain
Lack of visibility leads to inaccurate demand forecasting, resulting in either excess inventory or stockouts. Excessive inventory ties up working capital and incurs carrying costs, while stockouts lead to missed sales opportunities and potential revenue loss.
Without visibility, coordinating logistics becomes challenging, leading to inefficiencies in transportation and higher costs. Inaccurate delivery estimations, delays, and suboptimal route planning can increase freight costs and impact customer satisfaction.
Lack of visibility makes it difficult to identify and mitigate risks, such as disruptions in the availability of raw materials or components. This can result in production delays, increased costs, and potential revenue loss due to missed delivery deadlines or customer commitments.
Inadequate visibility hampers the ability to track and monitor the movement of goods through the supply chain. Longer lead times can negatively impact customer satisfaction, affecting repeat business and potentially leading to revenue loss.
Without end-to-end visibility, managing orders and coordinating fulfillment becomes challenging. Inaccurate order processing, delayed order acknowledgments, and poor communication with customers can result in order errors, dissatisfied customers, and potential revenue loss.
Lack of visibility can lead to increased customer service inquiries and support requests. Dealing with customer complaints, order tracking inquiries, and addressing delivery issues can increase operational costs and strain resources.
Vendia’s data collaboration platform facilitates real-time, tamper-proof, and harmonized data sharing between multiple parties or systems, within and outside your four walls.
Unlike ad-hoc, manual, or nightly batch processes to share data in your ecosystem, Vendia enables partners to collaborate on shared data in real-time. Everyone sees data changes as they happen, and when these changes put production at risk or present new opportunities to optimize, you can act in real-time. Rich set of data is instantly available for advanced analytics and machine learning tools.
Unlike other solutions, Vendia maintains an auditable, tamper-proof ledger that keeps track of every transaction from everyone in the ecosystem. Regulatory compliance is streamlined, and data consistency and resilience across participants is instant.
Unlike solutions that require large development teams just to onboard a new partner, Vendia enables partners to collaborate with a single click. We offer low-code no-code platform which can be used by developers as well as business analysts, enabling seamless event-based integrations with existing systems like ERP, CRM, Data Lakes, Analytics, and ML tools.
Unlike a centralized approach to data sharing, Vendia allows each participant to retain full control of the data they share. Participants can choose whom to share with, and how much to share by partner, record, and field basis. Additionally, each partner can customize their preferred authentication and authorization mechanisms, without impacting others.
Unlike other value chain or supply chain solutions, that also require dedicated system management teams, Vendia offers a managed service with multi-cloud resilience, which is available in minutes.
Instant reconciliation with unified view of data across parties and systems. Vendia eliminates the need of manual resolution of discrepancies, driving efficiency gains and accurate, auditable and compliant reporting.
Thank you for your interest in Vendia. We see the opportunity to unlock value, increase efficiency, and fuel growth.
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