Industry
High Tech
High Tech Solutions to Drive Business Transformation through Technology
Highlights
- Supply chain resilience is critical to the smooth functioning of businesses across industries.
- TCS Hyperconnected Supply Chain is an intelligent sourcing solution that helps build stable and resilient supply chains, equipped to manage material shortages.
- The solution follows a qualitative, problem-solving approach toward risk management, helping companies calculate uncertainties and predict their influence on the business landscape for efficient mitigation.
In this article
Overview
Supply chain networks are becoming increasingly vulnerable to natural and economic disruptions.
This affects operations and has a cascading impact on costs. Companies across the board face persistent issues such as volatility in demand, inadequate supply of components, restricted sourcing technologies, lack of timely price calibration, and compliance requirements. There is also the increased risk of fraudulent electronic parts entering supply chains.
Technology, electronic, and networking enterprises require thousands of components daily to design and build standardized products. However, a sudden surge in demand coupled with a few cyclical factors can hinder the flow-in and-out process of these components. These factors include a shortage of raw materials, absence of quality control practices, lack of a proactive approach to contingencies, unstable logistics, and vendor lock-ins.
TCS Hyperconnected Supply Chain solution helps increase supply chain resilience to efficiently manage supply chain shocks by employing effective availability telemetry, reduced lead time, and quicker substitute detection. This procurement solution delivers on the promise of consistent product supply by optimizing production targets and designing new products with reduced time-to-market.
Our solution
TCS Hyperconnected Supply Chain helps build agile, stable, sustainable, and resilient supply chains.
It helps organizations build visibility at multiple levels of the supply chain, thereby promoting faster and more accurate decisions. The solution ensures that supply chain planning is aligned with the business strategy and helps manage complexities with ease.
TCS Hyperconnected Supply Chain provides a value-add layer in procurement with automatic component price calibration for numerous parts. It supports navigation through lucrative purchase decisions according to the latest market trends.
The solution also provides a self-service console to fine-tune targets for specific regions, stock levels, and substitute parts. It features certification checks and preliminary screening of counterfeit components, promoting early detection, mitigation, and disposal of the same.
Key functions include:
Hyper-connection workbench: The solution can tune up with over 3,000 sources of electronic parts, including distributors, brokers, and agents. It helps detect legitimate stocks, checks price fluctuations, intercepts volatile inventory for pre-empting buying, and gathers counterfeit avoidance certificates.
Hyper-sourcing workbench: The platform spontaneously triggers sourcing workflows from marketplace intelligence, splits them into multi-track or sub-automated cases, and tracks the status of automated jobs with process miners.
Auto-master data workbench: TCS Hyperconnected Supply Chain automatically syncs lifecycle stages, including restriction of hazardous substances (RoHS), and registration, evaluation, authorization, and restriction of chemicals (REACH) compliance status of millions of parts. It also navigates and matches with substitutes for similar parts with fused filament fabrication (FFF) comparison.
Hyperconnectivity: The solution leverages hyperconnectivity as an underlying technology to interject old price contracts and enable spontaneous price calibration for numerous parts across the value chain.
Benefits
TCS Hyperconnected Supply Chain helps transform the supply chain from a restricted, linear system to an open and hyperconnected apparatus.
The solution promises a range of benefits, such as:
10-15% more business with hyper-promising: Boost daily customer order promising by detecting more sources to fulfill component needs and intercept stocks within a short span of availability.
5-10% less cost of goods sold (COGS) with smart re-contracting: Real-time price monitoring of components prompts the pricing by annual supplier contracts when the market price drops
End-to-end visibility: Provides supply chain visibility and planning features to prevent unscheduled downtime, integrates quality control, and automates vendor management processes
5X speed using hyper-tasking: Operations workflows get parallelized between human tasks and automation jobs
90% error reduction using human machine interface (HMI): Human tasks are accelerated with assistive bots using HMI
30% straight-through process application interop: Seamless workflows hand-off to SAP, Oracle, Service Now and RPA Orchestrators
The TCS advantage
A partnership with TCS can help high-tech companies take advantage of our extensive strengths and differentiators.
TCS is a global leader in delivering innovative solutions for businesses and has pertinent cross-industry, technology, and domain expertise.
Our certified subject matter experts are well-equipped to deliver strategic solutions according to customer requirements across industries.
The TCS approach helps companies adopt and deploy emerging digital technologies as they mature, to provide process improvements that deliver immediate value.