MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Elementum, the cloud-based supply chain platform, today announced that Lenovo will be harnessing the world’s only Product Graph™ to drive visibility and velocity across procurement, logistics, manufacturing, and inventory operations in its Data Center business. A global company with operations in over 60 countries, Lenovo designs, develops, and manufactures a broad range of data center, commercial, and consumer technology products.
Real-time insights from Elementum’s Product Graph will help Lenovo make better decisions faster, driving concrete results. The manufacturing firm’s specific goals include accelerating the timely delivery of high-quality products, reducing inventory while maintaining serviceability, and minimizing expedite and Errors and Omissions fees. Today, Lenovo is efficient and reliable in its product delivery, but recognizes the opportunity to run even better by upgrading its supply chain communication and strengthening its competitive edge. Specific goals identified by the company include:
- Reducing the reactive and manual intervention required to resolve delivery issues
- Improving alignment of stock measurements
- Cutting Excess & Overage and expedite fees associated with inbound shipments
“The technology landscape in our industry is changing rapidly and we must continually transform our supply chain to improve the speed, agility, and resiliency of our operations,” explained Tim Carroll, vice president, Global Supply Chain, Lenovo Data Center Group. “Elementum’s Product Graph will automate critical processes associated with supplier management and manufacturing, and give us a clear window into parts supply shipments and trends that will help us anticipate and address disruptive events.”
Lenovo decided to deploy Elementum’s Product Graph software because it delivers industry leading cloud-based collaboration capabilities, as well as end-to-end visibility and real-time insights. The Product Graph will enable Lenovo to coordinate and align with its supply chain partners without the hassle of expensive integrations.
The Elementum product suite has an app for each segment of the supply chain: Source, Transport, Manufacture, and Inventory. With real-time data, including alerts for internal/external impacts, industry news, logistics tracking, and performance, both at rest and in-transit inventory visibility, Lenovo will optimize and streamline cross-team collaboration. In particular, Elementum’s issue management capabilities allow employees to easily notify colleagues of incipient problems, assign tasks, and then make data-driven, collaborative decisions to solve those problems in real time. Elementum's Situation Room will serve as Lenovo’s “Mission Control” for its supply chain, providing the ability to proactively manage based on actionable data aggregated from across the complete platform.
With Elementum, Lenovo is entering a new era of improved delivery serviceability, reduced days of inventory and minimized E&O losses.
“We’re thrilled that Lenovo has joined other Global 1000 companies on Elementum’s Product Graph,” commented Nader Mikhail, CEO and founder of Elementum. “This partnership validates not only Elementum’s vision to eliminate friction in the global product economy, but also Lenovo’s never-ending commitment to being a world-class product company.”
About Elementum
It's time to upgrade your supply chain. How? With real-time apps to help companies streamline procurement, logistics, manufacturing, and inventory operations. Powered by the world's Product Graph™, Elementum provides a full picture of the global product economy for smarter, more proactive supply chains. Customers get actionable insights and early warning signals to assign, collaborate on, and resolve issues—wherever, whenever. Elementum's customers span the automotive, healthcare, food & beverage, industrial, consumer, and technology sectors. For more information, visit www.elementum.com.
