E2open, the one place in the cloud to run your supply chain, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. E2open’s position is the result of IDC MarketScape’s quantitative and qualitative assessment of the capabilities and business strategies of 13 vendors in the market relative to one another.
Download your complimentary copy of the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment, doc #US45672017, December 2019.
In key excerpts from the IDC MarketScape, the report defines Inventory Optimization (IO) and expounds E2open’s IO solution:
“IDC Manufacturing Insights defines inventory optimization as the process of balancing capital investment and service-level goals over a variable range of products or stock-keeping units (SKUs), while taking both demand and supply variability into account. Growing complexity in the supply chain has made inventory planning more challenging, both as a consequence of often larger demand forecast error, and a lack of full visibility into supply issues and constraints. IDC would view a competent IO application as important to the success of the broader supply chain.”
“E2open’s Multi-Echelon Inventory Optimization (IO) application ensures that the right inventory is properly positioned in the right place and at the right time to ensure service with minimal capital investment. This includes inventory at internally managed stocking locations like plants and regional distribution centers, customer ship-to warehouses, vendor managed inventory (VMI) locations embedded in channel partners, as well as materials or goods in transit.”
“As part of their SCM platform suite, E2open Multi-Echelon Inventory Optimization goes beyond the capabilities of standalone best-of-breed solutions, improving functional performance and allowing rich cross-functional, cross-enterprise capabilities to transform planning and enable a pathway to convergence.”
“Traditional Inventory Optimization applications are narrowly focused on what’s happening inside an enterprise. These results are mathematically optimal for one part of the supply chain, but misleading when applied to the whole. The majority of issues that impact performance happen outside the four walls of the business of modern, global supply chains. As such, Inventory Optimization must now be broader, extending beyond internal operations to encompass stock held by suppliers and channel ecosystem partners across multiple tiers,” said Michael Farlekas, president and chief executive officer of E2open. “E2open’s approach looks at the entire picture which allows businesses to properly optimize the strategic placement of inventory to capture growth, improve service and maximize return on working capital.”
“Helping companies with their inventory optimization needs is paramount in a broader supply chain transformation initiative. E2open is honored to be named as a leader in Inventory Optimization, in addition to being named a leader in the 2019 IDC MarketScape vendor assessments for both worldwide supply chain demand planning1 and worldwide supply chain sales and operations planning markets2. We truly believe supply chain planning is all about connecting the dots and the whole is bigger than the sum of the parts – our networked platform not only unifies these functions, it also connects these functions across the extended supply chain from channels to logistics to manufacturing to raw material supply,” said Pawan Joshi, executive vice president of product management and strategy at E2open. “Our customers have the confidence E2open is the platform with the depth and breadth to grow with them all the way from basic inventory planning to full scale digital transformation.”
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from customers, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. E2open is changing everything. Demand. Supply. Delivered. Visit www.e2open.com.
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1IDC MarketScape: Worldwide Demand Planning 2019 Vendor Assessment, Doc#US45493217, September 2019
2IDC MarketScape: Worldwide Supply Chain Sales and Operations Planning 2019 Vendor Assessment, Doc#US45598017, November 2019