PHOENIX, May 14, 2019 /PRNewswire/ -- Gartner
Supply Chain Executive Summit -- IBM (NYSE: IBM) today
launched Business Transactional Intelligence (BTI), an
AI-powered solution that offers anomaly detection and visualization
capabilities for mitigating supply chain disruptions and
accelerating data-driven decision making.
BTI, part of IBM's Supply Chain Business Network, enables
companies to garner deeper insights into supply chain data to help
them better manage, for example, order-to-cash and purchase-to-pay
interactions. The technology does this, in part, using machine
learning to identify volume, velocity and value-pattern anomalies
in supply chain documents and transactions. Machine learning is a
method used to teach artificial intelligence how to learn from
data, spot patterns and make decisions on its own. This enables
companies to discover potential issues faster and resolve them
before they escalate and impact the business.
More than 140 Watson Supply Chain customers are early adopters
of BTI, which Greenworks, The Master Lock Company, Whirlpool
Corporation and other customers discussed their initial
successes in February at IBM's 2019 THINK Conference.
For The Master Lock Company, fast-paced global growth mean
onboarding and transacting with more partners each year. To empower
its lean EDI team and manage the rising requirements they migrated
its trading partner integration processes to IBM Supply Chain
Business Network Premium. This security-rich, cloud-based solution
powered by IBM Business Transaction Intelligence reduces manual
work for their EDI team, resulting in 50% faster onboarding for
acquired trading partners to help support business growth, while
100% availability ensures mission-critical EDI services are always
online.
"If one of our EDI transactions fails for any reason, IBM Supply
Chain Business Network sends us an alert, which is valuable on a
tactical level because it helps us start to pinpoint the underlying
cause straight away," explains Connie
Rekau, EDI Manager, The Master Lock Company. "With IBM
Business Transaction Intelligence, we can dig deeper into our EDI
data to identify patterns that wouldn't otherwise be obvious. As
well as building a scorecard to track our performance against
internal service-level level agreements [SLAs] with the business,
we have set up reports that highlight trading partners with
higher-than-average error rates."
In addition to Watson Supply Chain's product release at
Gartner's Supply Chain Executive Summit, IBM was named a finalist
for the 2019 Gartner Supply Chainnovators Award in the
High-Tech Manufacturing category. IBM's Chief Supply Chain Officer,
Ron Castro, keynoted on Monday, May 13th for his Chainnovator
session titled, IBM's Digital Transformation Journey to a
Learning, AI-Enabled Supply Chain Organization. The session
explored IBM's award nomination details that achieved end-to-end
supply chain security to gain a competitive business advantage
using AI, blockchain, and IoT, while also speaking on how IBM's
innovations materialize into client product offerings.
Further evidencing IBM's leadership and innovation, company
executives will speak about the combined power of building a
smarter supply chain using AI, blockchain and IoT in the following
conference sessions:
- "5 Imperatives for Building a Smarter Supply
Chain"
Tuesday, May
14th from 3 – 3:45
p.m.
Inhi Cho Suh, General Manager, IBM
Watson Customer Engagement
- "Busting Myths and Capturing Value: AI and Blockchain in
the Supply Chain"
Wednesday, May
15th 3 – 3:45
p.m.
Ron Castro, Chief Supply Chain
Officer, IBM
"Today's intelligent supply chains must rise to the challenge of
adapting to changes in complex business environments by unlocking
the value of existing systems, while providing increased agility
and seamless collaboration to improve business outcomes," said
Jeanette Barlow, VP of Offering
Management, IBM Watson Supply Chain. "We're excited to introduce
our latest AI innovation with the launch of BTI – further
complementing our Blockchain and IoT capabilities – which helps our
customers proactively mitigate disruptions and business risks by
augmenting their workforce's capabilities."
About IBM Watson Supply Chain
A world leader in AI
software, services and technology for business, IBM has deployed
Watson solutions in thousands of engagements with clients across 20
industries and 80 countries. IBM Watson Supply Chain enables
forward thinking supply chain business professionals to improve
business outcomes by providing AI-powered insights, B2B
collaboration and orchestration that mitigates operational impact
and business risk. For more information visit:
https://www.ibm.com/supply-chain
Contacts:
Erik
Mason
External Communications – IBM Watson Customer Engagement
erik.mason@ibm.com
508-208-6617
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SOURCE IBM