Software tool monitors supply chain

  • 24-Feb-2014 09:50 EST
Borgwarner.jpg

To accommodate the dynamic global economy where suppliers must work in close partnership with their customers throughout the supply chain, BorgWarner’s Supplier Performance Monitor (SPM) system optimizes its supplier network as well as its own performance. BorgWarner’s software tool, which is based on the stochastic Hidden Markov Model, uses artificial intelligence and probability methods to evaluate existing mass data from enterprise resource planning (ERP) systems, including data on orders, deliveries, and cancellations as well as master, financial, and quality data. Users receive information on past, current, and future performance as well as the status of specific measures and indicators. According to BorgWarner, the SPM system improves collaboration between all supply chain functions by involving all suppliers, revealing potential risks early. In addition, the easy-to-install software can be transferred to new locations, claims the company.

Sector:
Topic:
Mentions:
Share
HTML for Linking to Page
Page URL
Grade
Rate It
3.00 Avg. Rating

Read More Articles On

2018-02-14
Boeing and Airbus forecast a worldwide demand for up to 40,000 new aircraft over the next two decades. With a 10-year production backlog and new aircrafts increasingly counting on lightweight composites, manufacturing companies are developing advanced sandwich-structure composite solutions to fill the production gap.

Related Items

Book
2014-01-21
Technical Paper / Journal Article
2011-05-17
Article
2017-03-17
Standard
2017-12-20
Training / Education
2017-11-01
Technical Paper / Journal Article
2009-05-19
Article
2017-03-18
X