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Manufacturers worldwide are working hard to improve visibility into Tier 2 and Tier 3 in the upstream and downstream supply chain. But, most still struggle to understand how and where to start. That’s largely because they lack visibility into the hidden nerve centres in the supply chain. Proteus is a virtualisation HyperConnect Technology which is a self-starter and drives virtualisation of the chain of connects across the multi-tier multi-party environment.
Upstream: Proteus builds a chain of visibility in a multi-tier supplier base, unlocking further insights on inventory cost reductions, while building deep insights in a multi-tier supplier framework. These suppliers are responsible for the greatest amount of what’s known as supply nerve centres. This lack of visibility prevents companies from taking the actions necessary to accelerate their progress in reducing costs, decreasing inventory positions and on-time delivery to customers. It further supports increasing supply chain sustainability and lowering their overall carbon footprint.
Downstream: Multi-tier supply chain visibility in downstream manufacturing is the knowledge and understanding of all stakeholders in your downstream supply chain, including the operations happening at every tier. Most companies have visibility of their direct suppliers (tier 1), but lack visibility farther back in the supply chain. The companies that have visibility throughout all tiers gain an advantage over competitors. Proteus is a multi-party platform for virtualisation, providing visibility across multi-tier manufacturing processes.
PROTEUS multi-party framework helped us resolve critical gaps in our multi-tier manufacturing environment. Solution has enabled us deep tier visibility to monitor detailed multi party operations on key KPIs’in delivering a wooing 15 % cost reduction across our several multi tier sub contracted manufactures. Proteus platform have become a complete and collaborative partner for us, leveraging the multi tier process experience and provide us more innovative solutions that allows us to continuously improve our critical multi party multi tier gaps in manufacturing processes
VP of Digital Transformation
A Global Lead in Alumina
A multi-party orchestration framework for supplier collaboration is crucial for
building resilient supply chains. In today’s interconnected supply networks, disruptions
often occur in the lower tiers of the supply chain. Leaders are investing in digital twin capabilities and end-to-end visibility to proactively manage risks and understand the impact of disruptions. Supply resiliency is directly linked to revenue and profitability, making it a top priority for organisations.
The innovation is increasingly driven by supplier eco-systems. Top-performing companies recognise that their suppliers’ innovation teams are often much larger than their own. By fostering collaboration and creating an ecosystem of innovation, businesses can tap into the expertise and creativity of their suppliers. This collaborative approach to innovation is a compelling reason for organisations to invest in supplier collaboration.
The third takeaway focuses on the growing importance of collaboration for environmental, social, and governance (ESG) reporting and sustainability data exchange efforts. As organizations move towards supplier-based emission calculations and better visibility into their supply chains, collaboration with suppliers becomes crucial. By working together, companies can gather accurate data on emissions, improve sustainability practices, and meet ESG goals.
The fourth takeaway highlights the challenges organizations face in achieving multi-tier visibility and connected enterprise. Many companies struggle with disconnected systems, limited data sharing, and a lack of visibility into lower tiers of their supply chains. To address these challenges, companies are investing in technology solutions that enable collaboration, automate processes, and provide comprehensive visibility into their supply networks. These solutions help bridge the gap between procurement, supply risk management, and supply planning functions.
The fifth takeaway focuses on the barriers to multi tier supply chain collaboration and the role of technology and data in overcoming them. The current landscape is filled with disconnected systems, manual processes, and data limitations. Organizations are leveraging advanced technologies such as Smart contracts, Hyperconnected Technology, AI, data analytics, and knowledge modeling to streamline collaboration, automate tasks, and gain deeper insights into their supply chains. By removing data crunching work and improving collaboration workflows, companies can enhance productivity, increase visibility, and make better-informed decisions.
Increased collaboration with suppliers has been shown by McKinsey to increase company growth, increasing profits by 7-10%, and lowering costs by as much as 5-10%.
Multi-tier supply chain visibility makes collaboration beyond tier 1 easier, which allows for faster responses to problems.
The ability to communicate directly with a tier 2 supplier, rather than having to ask your direct supplier to communicate for you, ensures that you can react quickly to potentially disruptive situations.
Stakeholders at each supply chain level face unique risks influenced by supplier type, location, and management. Multi-tier supply chain visibility allows for more informed decision-making and faster responses to varied risks. By uncovering potential risks deep within the supply chain, you can better manage disruptions and ensure compliance with regulations like product safety and labor laws. This visibility not only helps avoid recalls but also accelerates time-to-market by simplifying compliance demonstrations.
Multi-tier supply chain visibility allows for increased understanding of supplier performance and business models. Gathering and analyzing information on suppliers beyond tier 1 helps you to prioritize high-performing, dependable suppliers and to better train and control the others. This will not only reduce risks and increase efficiency, but can increase product quality and consumer satisfaction in the long run.
Multi-tier supply chain visibility helps you ensure that all suppliers are adhering to ethical and environmental standards of your brand. Consumers today are increasingly concerned about choosing environmentally and ethically-conscious brands; in fact, 60% of young consumers consider a company’s ethical values before making a purchase, and many consumers will not consider a second purchase from a company that relies on an unethical supplier, even if the company claims ignorance. Successful companies simply cannot afford to ignore the ethical and environmental practices of suppliers deeper in the supply chain.
Multi Tier supply-chains in upstream and downstream are punctuated by these multi-party transactional challenges and the need for a unified data-sharing process. Organizations across diverse geographies and systems often struggle with incompatible technologies. #dltledgers brings the much needed method-in-the-madness through seamless virtualisation of invisible data points across the value chain.
Our flagship product, Proteus, is a multi-party orchestration platform that enhances collaboration and authenticity. By leveraging advanced virtualization technologies in enterprise blockchain, Gen Al, and Web3 frameworks, Proteus streamlines inter-organizational data sharing, improves visibility, and ensures global compliance.
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