Today’s original equipment manufacturers need enhanced ways to manage supply chain risk. Supply Dynamics was recently awarded a contract by MxD (Manufacturing x Digital) to create such a solution. MxD is one of 14 advanced manufacturing institutes funded by the Department of Defense. Under the project, Supply Dynamics will create a modular, machine learning enabled Dynamic Risk Mitigation Engine (DRME) that integrates supplier, bill-of-material, and event-based risk information to produce recommendations aimed at preventing supply chain disruptions before they happen.
The COVID-19 pandemic exposed the need for supply chain managers to have greater visibility over their multi-tier supply chains. Manufacturers can no longer afford to operate without visibility beyond their tier 1 suppliers. Trusting that critical parts and materials will ‘show up on time’ is not a winning strategy. Manufacturers need accurate data, down to the most basic materials that go into their products and they need a way to mitigate supply chain risks before they happen.
The contract award will enable Supply Dynamics to further enhance its award-winning visibility and analytics platform for multi-tier supply chains, SDX. Machine learning enhancements will take into account more than 90 natural disaster and man-made event risks as well as dozens of complex multi-tier supply chain variables. The tool will analyze these risks by generating actionable recommendations to ensure the uninterrupted flow of parts and materials to a product assembly line.
Latter stages of the project involve deployment of the Dynamic Risk Mitigation Engine (DRME) in a live, operational environment at a $16 B producer of aerospace power and propulsion systems. The solution will enable the aerospace and defense giant to achieve visibility across their multi-tier supply chain. Greater visibility will make possible opportunities to identify cost savings and supply disruptions before they happen and will assist the company in choreographing complex n-tier supplier interactions.
The project will yield tools to increase the resilience of any supply chain network.
About Supply Dynamics:
Supply Dynamics provides Fortune 500 manufacturers with real-time visibility and control over the material requirements of their extended supply chain. Our flagship technology, SDX, is a visibility and analytics platform for the multi-tier supply chain. SDX enables our customers to better manage sourcing, procurement, and supply chain complexity in highly distributed manufacturing environments.
To learn more, visit www.supplydynamics.com.
MxD (Manufacturing x Digital) is where innovative manufacturers go to forge their futures. In partnership with the Department of Defense, MxD equips U.S. factories with the digital tools and expertise they need to begin building every part better than the last. As a result, our approximately 300 partners increase their productivity and win more business.
To learn more, visit mxdusa.org.
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