BOSTON, Jan. 7, 2022 /PRNewswire/ -- TraceLink
Inc., the leading digital network platform company, has today
announced that PM360 has selected TraceLink's Supply Chain
Issue Management and Opus platform as one of the most innovative
products in 2021.
Launched in spring 2021, TraceLink's Opus Platform is the only
business network creation solution that can build integrated
business ecosystems and create interoperable multi-enterprise
applications.
Providing a foundation for pharma's Industry 4.0 digitalization
strategies, Opus delivers the ability to engineer interoperable
applications on demand with all critical trading partners. Build
upon the Opus Platform, Supply Chain Issue Management networks
people, processes and information between a manufacturer and its
supply chain partners to collaboratively predict, resolve and
prevent supply chain issues like material shortages and short
shipments.
Products were chosen from among hundreds of submissions from
across the healthcare and life sciences industries. The editorial
staff of PM360 evaluated each submission and selected their
choices for the most innovative.
Shabbir Dahod, President and CEO
at TraceLink, commented on the nomination: "We are honored to have
been selected from amongst some stiff competition and excellent
products. Our Supply Chain Issue Management and Opus platform
fosters open innovation in the supply chain. It enables decision
makers to link companies, people processes and systems through
business networks in order to drive better resiliency and agility
in supply chains. Customers using Supply Chain Issues Management
have seen a 65% reduction in the time it takes to resolve issues,
35% reduction in the number of issues, 50% reduction in recurring
issues, and a 97% reduction in manufacturing disruptions. As a
result their fill rates and OTIF service levels have gone up, and
operating costs have been reduced substantially."
The digital networks powered by Opus create the foundation for
companies to build their Industry 4.0 digitalization strategies and
attain the customer-centric agility they must have to remain
competitive and leverage the collective intelligence for the
greater good of an entire industry.
For further information visit TraceLink Opus
About TraceLink
TraceLink is the only business network
creation platform for building integrated business ecosystems with
multienterprise applications. Business networks are the foundation
of an Industry 4.0 digitalization strategy that delivers
customer-centric agility and resiliency of the end-to-end supply
network leveraging the collective intelligence of an industry.
TraceLink's Opus Digital Network Platform enables speed of open
innovation and implementation with a partner ecosystem for no-code
and low-code development of solutions and applications. For more
information on TraceLink and our solutions, visit
www.tracelink.com.
About PM360
PM360 is a leading
trade magazine for marketing decision makers in the pharmaceutical,
biotech, medical device, and diagnostics industries and the
products highlighted help companies identify potential partners and
offerings that can help them advance healthcare and life
sciences.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tracelinks-supply-chain-issue-management-and-opus-platform-named-among-the-most-innovative-products-of-2021-301455983.html
SOURCE TraceLink