Elemica, a supply chain operating network provider for process industries, announces that its QuickLink Network has grown 25% in 2013, processing nearly $230 billion in transactions on an annualized basis. Along with organic growth, this gain in momentum can be attributed to Elemica's new supply chain operating network with rapid on-boarding capabilities and easy partner discovery.
"The material value of commerce running through our applications and on our network is fast approaching a quarter of a trillion dollars," says John Blyzinskyj, Elemica chief executive officer. "As our network grows, so does the value it delivers to our clients. Thousands of companies collaborating seamlessly form more flexible and friction-free relationships, enabling them to leverage their collective activities to achieve greater operational efficiency, reduced working capital requirements, and improved customer satisfaction. Ultimately, real business innovation between trading partners is achieved as a result of conducting commerce on Elemica's Supply Chain Operating Network."
As Adrian Gonzalez, president of Adelante SCM and a leading supply chain analyst, writes in The Social Side of Supply Chain Managementpublished in Supply Chain Management Review magazine, "...supply chain operating networks bring together trading partner connectivity with SaaS applications. Instead of companies creating hundreds or thousands of one-to-one connections with their trading partners, they make a single connection to the business network, where their trading partners and thousands of other companies are also connected. In addition, they use the SaaS applications that reside on the network to communicate, collaborate, and execute business processes in more efficient, scalable, and innovative ways."
Elemica's supply chain operating network gives people total control over their extended global supply chains through integrated messaging, applications, and analytics across a network of their trading partners. Once connected, trading partners gain the ability to coordinate, communicate, and conduct commerce with each other in more automated and significantly scalable ways.
A Supply Chain Operating Network facilitates the exchange of documents and information, such as invoices, advanced shipping notices, status updates, and more, while participants execute specific activities such as tracking the location of shipments, confirming receipt of purchase orders, etc. This network-wide visibility, along with business intelligence and analytics capabilities, creates an inter-enterprise system of record that enables faster and smarter business decisions.