Supply Dynamics to Partner with MxD in Department of Defense Initiative Aimed at Strengthening Global Supply Chains
Cincinnati, OH: COVID-19 has made obvious what we at Supply Dynamics have long known: Hidden risks to global supply chains are a threat to the health of American manufacturing.
The Department of Defense is addressing this risk through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act has funded a $15 million initiative to enhance supply chain health and resiliency in the manufacturing sector, in particular as it relates to risks posed by COVID-19. MxD, the nation’s digital manufacturing institute, is leading this initiative and Supply Dynamics has been engaged to join the effort.
The project will have two primary aims: (1) to enable informed decision making through increased end-to-end visibility into global supply chains; and (2) to enhance supply chain resiliency through advanced warning of possible disruptions.
The project will draw upon the proven expertise of a number of industry leaders. MxD will lead the technical execution and program management tasks. Supply Dynamics will provide a critical data extraction and data transformation role through its 'SDX' supply chain visibility and analytics solution and its Part Attribute Characterization services. Microsoft is providing the cloud platform and advisory on the project. Coupa is providing AI expertise and a value chain model builder. RAAD360 will contribute information about supply chain risks and Software AG will provide the integration technologies that allow the different systems to exhange information with one another. Several manufacturing companies ranging from wearables start-ups to a 12 billion-dollar conglomerate will provide data and an operational environment in which to pilot the combined solution.
Collectively, this initiative will seek to develop an integrated platform to model alternative supply chains using scenarios built on data about key elements of the global environment. These elements will include internal manufacturing data and data extracted from select, publicly curated sources.
The ultimate goal of the project is greater insight into global supply chains. Deep supply chain insight helps companies leverage the information available to them to make better decisions, manage risks and be more resilient in the face of supply disruptions.
COVID-19 has presented major American manufacturers with unprecedented supply chain challenges. These challenges demand innovative improvements to enhance supply chain resiliency and reduce the risk of supply disruption.
Our work will help the Department of Defense (DoD) and key manufacturing sectors to map existing supply chains so companies can identify vulnerabilities and critical risk factors, foreign dependencies, single-source suppliers, and determine alternate suppliers. The tool will also use machine learning to analyze public data and suggest appropriate responses to future, potential disruptions.
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 innovative supply chain analytics solutions allow our customers to address the challenges of managing sourcing, procurement,and supply chain complexity in highly distributed manufacturing environments. To learn more, visit www.supplydynamics.com.