TraceLink’s new supply chain work management for direct sourcing integrates all suppliers and CMOs with a single link to digitize the entire purchase order process
Built on the Opus™ digital networking platform to provide full upstream visibility and full interoperability with direct vendors
BOSTON, September 13, 2022 /CNW/ – TraceLink Inc., the leading digital networking platform company, today announced the availability of Supply Chain Work Management for Direct Sourcing, the first solution enabling companies in the industry to healthcare and life sciences to connect and collaborate with all suppliers, including contractors, in real time and ensure full upstream visibility. Managing supply chain work for direct sourcing is the fastest and easiest path to digital supply chain transformation for leaders in supply chain, external manufacturing, supply, etc.
Powered by the Opus platform, Supply Chain Work Management for Direct Sourcing enables complete digitization of the purchase order process by linking systems to share purchase order data in real time , connecting people to enable collaboration as needed and digitizing unlimited multi-enterprise businesses. planning and procurement process. Purchase orders are shared in three integration modes between ERP and suppliers via the TraceLink Opus digital network platform:
- Complete B2B data exchange: Purchase orders and updates are communicated between customer and supplier ERP systems.
- Hybrid B2B exchange: Purchase orders and updates are communicated from customers’ ERP to the Opus network and manually reviewed and updated by suppliers through an interoperable interface, eliminating ad-hoc portals that impede supply chain digitization efforts ‘supply.
- Manual: Interact with suppliers through the Supply Chain Work Management user experience – with full interoperability of information across the network of companies using the solution – to share, review and update purchase orders.
“Integration with supplier systems to exchange real-time B2B data for effective supply chain visibility and execution has eluded supply chain leaders for over 30 years,” said Shabbir Dahod, President and CEO of TraceLink. “With the supply chain work management solution for direct sourcing, manufacturers will be able to connect with all suppliers and CMOs to replace outdated EDI and point-to-point integrations with integration based on the Opus network. Coupled with the work management capabilities of the solution, supply chain leaders can empower internal teams and engage suppliers to create agile network ecosystems that are a true competitive advantage, with a level of visibility and orchestration that eluded them for years.”
Supply chain work management capability for direct sourcing tasks digitizes manual labor between supply chain partners, from collaboration on purchase orders, resolving material shortages, alternative vendor selection and shared forecasts, technology transfers, new product launches, phase 3 commercialization and beyond. Unique multi-company task management workflows enable visibility and collaboration between multiple levels of supply chain partners, enabling them to execute cross-company processes faster and more efficiently than ever before. When task management is combined with additional predefined supply chain process templates for issue management and change requests, as well as the ability to leverage the no-code customization capability to modify flows user experiences, user roles and access controls, Supply Chain Work Direct supply management provides distributed teams with the tools to accelerate supply chain digitization efforts.
“Supply Chain Work Management for Direct Sourcing is a revolutionary new solution,” said Karl Waldman, TraceLink’s Managing Director for Agile Process Teams. “Managers can track tasks from start to finish, assign unique subtasks to different supply chain partners, and set deadlines to ensure projects are completed on time. Dashboards help managers executives at each company to monitor processes by due date, priority, and workflow status Frequently used cross-company processes can be quickly digitized using predefined task templates that are easily customizable to meet different needs of the partner ecosystem, such as the management of the supply chain work available in the market.
TraceLink is the only enterprise networking platform for the Internet of Supply Chains™, integrated business ecosystems built with multi-enterprise applications on the TraceLink Opus platform. Enterprise networks are the foundation of an end-to-end supply chain digitization strategy that delivers customer-centric agility and resilience by leveraging the collective intelligence of an industry. The TraceLink Opus Digital Network Platform helps accelerate open innovation and implementation with an ecosystem of partners for no-code and low-code development of solutions and applications.
For further information: Brian Daleiden, Vice President of Corporate Marketing, Communications and Community, TraceLink, (615) 516-6315, [email protected]