Supply chains today are a complex web of segments and cross-geographical entities, making them more fragmented than ever. Thousands of partners make up a company’s business network. Products are manufactured part by part, with suppliers and distributors located in different countries around the globe. Intermediate goods, which are products used to produce other products, account for more than half the trade in international supply chains, highlighting manufacturing fragmentation.
Enterprises need an integrated digital solution that can help realise value through supply chain convergence, streamline coordination, unlock capital, and fuel growth.
Global supplier and trade networks are marred by siloed management and disparate systems. Challenges from operational inefficiencies and restricted growth impact capital flow while exposing the network to risks. Lack of visibility and control, internal inconsistencies, and lack of real-time supply chain data add to further segmentation. Enterprises need an integrated digital solution that can help realise value through supply chain convergence, streamline coordination, unlock capital, and fuel growth.
Challenges
Fragmented supply chains could result from operational, geographical, technological, organisational, or supply factors. Recent research shows that 48% of companies have visibility into their tier-one suppliers, while only 2% know what is up with tier-three suppliers. Some of the challenges from fragmented supply chains include:
- Physical and financial supply chains operating in silos across tiers
- Arduous coordination between multiple systems for purchase orders, ERP, and financing, leading to inefficiencies
- Resource-intensive and error-prone manual processes with limited OEM control
- Limited dealer capital and insufficient supply chain collaboration constraining sales growth
- Partial visibility into financed working capital resulting in a struggle to customise products to specific anchor requirements
Our Solution
GraviTASC, the groundbreaking collaboration between TASConnect and Gravity Supply Chain, is designed to unify the efforts of CFOs, treasury departments, procurement teams, and distribution functions. A powerful tool, it simplifies complex procurement processes and enhances transparency, traceability, and efficiency throughout the supply chain. GraviTASC optimises operations, boosts sales throughput, and drives significant cost savings for enterprises across various industries. It transforms your supply chain, serving as the digital link between pre-emptive insights and seamless control. Our offering connects cross-functional systems for a unified supply chain and efficient flow of resources. TASConnect’s cloud-native platform with API capabilities supports integrations with multiple systems, providing faster time-to-market, elevating your financial strategy, building resilience, and unleashing efficiency.
Key Features
GraviTASC offers:
- Better production planning and resource utilisation
- Elimination of unnecessary demurrage and detention, reducing cost of goods sold (COGS)
- Efficient team collaboration through aligned KPIs
- Improved operational efficiencies and reduced labour costs
- Faster time-to-market through accelerated procurement processes
- Enhanced supplier performance risk management with total ‘first-mile’ visibility
- Proactive mitigation of issues at the PO level
- Efficient profit management, facilitating profit increase, reducing product markdowns, achieving better on-time arrival KPIs, and creating a transaction history for financing partners
- Ample liquidity and robust supply chain health with data-backed PO financing
- Real-time visibility and confidence for financing partners to provision suitable pre-shipment credit facilities
Solution Highlights
- An easy-to-use interface that unifies physical and financial supply chains—from negotiations to funding
- Complete supply chain visibility for improved working capital transparency
- Integrated services by connecting multi-party ERP, CRM, treasury management, and banking systems, ensuring seamless operations
- Access to more predictable capital and better terms, resulting in healthier margins
- Closer collaboration with downstream dealers, unlocking capital, accelerating information flow, and boosting sales
- An on-cloud platform that decreases the total cost of ownership, enables scalability, and improves security and uptime
For more information, contact us today.