E2open’s Second-Quarter Technology Release Delivers Features to Improve Efficiency Through Collaboration and Automation
June 22 2023 - 9:15AM
Business Wire
Enhancements help clients deepen supplier and partner
collaboration across multiple tiers, further connect demand to
supply planning, and automate more routine decision-making.
E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply
chain SaaS platform with the largest multi-enterprise network, has
released its second-quarter technology update for 2023 with
enhancements for companies to buffer against the complexities in
today’s post-pandemic market with advanced technology to deepen
supplier relationships and automate routine decision-making.
“The foundation for a responsive and resilient supply chain is
the ability to constantly improve discovery and collaboration
across multiple tiers of partners that help make, move, and sell
goods and services,” said Pawan Joshi, executive vice president of
product management and strategy at e2open. “This quarterly update
not only includes features that enhance multi-tier structured and
unstructured collaboration across partners, but it also includes
enhancements to autonomous decision-making by leveraging timely
data from across the network, allowing supply chains to operate in
a truly connected fashion and ‘Move as one.’ Omnichannel sales
data, when connected with demand planning tools leveraging machine
learning, improve forecast accuracy; when coupled with novel
approval flows, better align supply proposals and ensure tighter
and closed-loop alignment with execution processes. Enhanced
dashboards continue to drive unified decision-making across
logistics and trade by identifying potential duty savings from
trade agreement utilization and autonomous decision-making
capabilities for optimal transport carrier rate and route
selection.”
Some of the primary enhancements in this release include:
Channel
- New centralized lead management capabilities allow
partners to see all sales leads (even those imported from external
sources) in one view, merge duplicates, clean the data, score,
prioritize, assign to users, and track the leads to conversion,
driving process efficiency and fewer lost opportunities.
This streamlines inefficiencies such as duplicate, inconsistent, or
incomplete details spread across multiple systems for sales leads
generated through diverse engagements.
- With a new feature designed to improve lead attribution for
digital engagement, brands can create trackable auto-populated URL
links, embed these links in activities and campaigns, and obtain
data to associate the lead with the right partner and execution
tactic. This allows brands to understand the actual contribution to
value creation, reward non-transactional partners fairly, and
direct resources to the most effective activities, campaigns, and
partners.
Planning
- Multi-tier demand forecasting is now easier and more effective.
Enhancements to the algorithms apply machine learning (ML)-based
pattern recognition for creating a more accurate product to
SKU-level splitting profile by generating an initial SKU-level
forecast. As a result, the SKU-level forecast has less forecast
error, and planners can expect up to a 5% improvement in near-term
forecasts.
- The challenge of identifying inactive and obsolete products,
especially in a complex product hierarchy, is reduced with the
statistical forecast engine that now considers recent
shipment history and historic seasonality patterns to identify
obsolete products faster and remove them from the forecast,
resulting in improved forecast quality quickly and
intelligently.
- Developing a supply plan requires tight coordination across
departments to consider the many interdependencies. Updates to
the approval feature allow for more granular control over
releasing purchasing proposals to the order management system.
Planners gain more independence and flexibility around converting
proposals to orders while remaining aligned across
departments.
Global Trade
- New analytical dashboard reports help businesses identify
opportunities for import duty savings by taking advantage of trade
agreements. Coupled with the robust trade content database,
companies can easily visualize where potential savings can be found
and identify improvement areas.
- The US Food and Drug Administration recently began publishing
alerts to advise importers of potentially violative products,
placing responsibility on the importer to ensure the products
imported into the US comply with the FDA’s admissibility laws and
regulations. These product-specific rules are integrated
into the import management application to efficiently screen
each product, country of origin, or manufacturer that might require
special exceptions before the cross-border declaration.
- Import volumes into China via highway transport are escalating,
and the need for expedited customs clearance is evident now more
than ever. China's Single Window system for declarations now
covers road transport, streamlining the process for goods
entering or leaving the country via all modes. E2open’s China
customs capabilities now allow businesses to submit all
necessary customs declarations and supporting documents
electronically, reducing paperwork and the risk of errors or
delays in the clearance process.
- Organizations diversifying sourcing bases must ensure trade
compliance under every government's complex trade policy structure.
Exporters moving goods from the Republic of Macedonia can now
manage all the required export license controls. As a central
manufacturing hub for heavy machinery, steel products, and textile
production, the requirements for trade include dual-use
restrictions and export licenses for many products.
Logistics
- To reduce the need for last-minute human intervention when
shipments are rejected by a carrier, even after the tender was
accepted, new autonomous decision-making helps shippers
re-book the shipment. The system finds real-time rates from a
select group of shipper-approved providers and automatically
tenders it to the lowest-cost provider without exceeding
benchmark rate thresholds.
- New shipment booking allocation models allow recurring
last-mile bookings to be automatically allocated to a
specified route based on customer preferences. The system
also includes a fallback process to allocate bookings automatically
to a specified route based on the suburb and postcode combination
when a route territory/zone cannot be found. Dispatchers save
time and reduce errors, leading to a more efficient and
effective last-mile delivery operation.
- Connecting and coordinating with logistics providers and
other partners is essential for third-party logistics providers
(3PLs) who manage comprehensive transport planning, operations, and
finance for shipments on behalf of their customers. New features
that enable trip planners to retain overall control of the
trip while segment owners can still manage their
sections afford greater coordination and collaboration
between all parties, leading to higher efficiency and lower
risk.
- For rail clients, advanced reporting capabilities provide a
comprehensive view of outstanding accruals, invoices, and audit
details in a user-friendly format. Users can make more
informed decisions about their shipping operations, identify
areas for improvement, and optimize their logistics
strategies.
Global Logistics Orchestration
- Shippers frequently reserve capacity using transport orders
before final recipient details are known. Enhanced capabilities
efficiently manage these capacity reservations. Once the consignee
and place of delivery are known, the system automatically
re-books all legs of the shipment order, eliminating the need
for time-consuming and error-prone manual interventions.
- Introducing due diligence screening to Global Logistics
Orchestration, automated denied and restricted party screening
(RPS) is performed on all parties when a shipment order originates
in the application. Users can quickly navigate from the
transaction to the detailed screening results and make a final
determination on the individual or entity when flagged for
review.
- Shippers can define logistics schedules using transactional
data to calculate estimated and planned dates for both in-transit
and pre/post-transit events. This capability enables them to
allocate resources more efficiently, such as warehouse space,
labor, and equipment, based on the updated event schedule. Shippers
can minimize idle time, improve productivity, and reduce
unnecessary costs.
Supply
- A new feature reduces challenges for brand owners managing
complex manufacturing processes, both in-house and contracted.
With the bill of materials (BOM) validation feature, companies
can track material consumption, validate correct component usage,
and handle substitutions when necessary. This provides
governance over the contract manufacturer's adherence to the BOM
specifications, allowing brand owners to focus on other aspects of
their business.
- Easy and direct access to structured supply chain content and
unstructured supporting documents, like item specifications and
special instructions, is critical to achieving deeper
collaboration. Users can now appropriately extend access control
to external partners, ensuring secure and efficient document
sharing across all tiers.
As a cloud-based platform, e2open consistently brings the best
in channel and supply chain management technology to customers. To
learn more about the full breadth of updates in each quarterly
technology update, clients are encouraged to join e2open's product
release webinars through the my.e2open customer portal.
About e2open
E2open is the connected supply chain software platform that
enables the world’s largest companies to transform the way they
make, move, and sell goods and services. With the broadest
cloud-native global platform purpose-built for modern supply
chains, e2open connects more than 420,000 manufacturing, logistics,
channel, and distribution partners as one multi-enterprise network
tracking over 14 billion transactions annually. Our SaaS platform
anticipates disruptions and opportunities to help companies improve
efficiency, reduce waste, and operate sustainably. Moving as one.™
Learn More: www.e2open.com.
E2open and “Moving as one.” are the registered trademarks of
E2open, LLC. All other trademarks, registered trademarks and
service marks are the property of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230622023858/en/
Media Contact: 5W PR for e2open e2open@5wpr.com 718-757-6144
Investor Relations Contact: Dusty Buell dusty.buell@e2open.com
investor.relations@e2open.com
Corporate Contact: Kristin Seigworth VP Communications, e2open
kristin.seigworth@e2open.com pr@e2open.com
www.e2open.com
E2open Parent (NYSE:ETWO)
Historical Stock Chart
From Apr 2024 to May 2024
E2open Parent (NYSE:ETWO)
Historical Stock Chart
From May 2023 to May 2024