Tredence Recognized in Now Tech: Collaborative Supply Networks, Q2 2022
Tredence aids enterprises with an integrated view of the supply chain and helps manage disruptions in real-time.
Tredence Inc, a leading data science and AI solutions provider solving the last-mile problem in AI, has been recognized in the Forrester Now Tech: Collaborative Supply Networks (CSN), Q2 2022 report.
Forrester, a global leader in research and advisory, published this report as a north star for supply chain leaders to help them understand the value-add from service providers and find a right-fit partner.
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The report provides an overview of 32 Collaborative Supply Networks vendors based on market presence and functionality, segmenting the vendors into three market presence categories based on annual collaborative supply network revenue: large, midsize and small companies.
According to Forrester, Collaborative Supply Networks combine elements of demand management and some elements of supply chain control tower. CSN provides a platform for enterprises to identify and authenticate partners, collaborate on supply chain resilience and sustainability, and simplify collaborative demand planning and fulfillment.
“Clearly defined supply chains are the lynchpin of digital transformation initiatives. Multi-dimensional disruptions have recently demonstrated the role of embedding data and AI into supply chain operations. Tredence specializes in supply chain services ranging from strategy to blueprinting to insights generation to business model evolution. We focus on providing centralized control and a complete view of the supply chain,” said Sumit Mehra, Chief Technology Officer and Co-founder, Tredence.
The report further states that enterprise technology leaders will have to take the lead in transitioning from yesterday’s cost-optimized command and control supply chain to a collaborative partnership of highly engaged partners due to continued supply chain disruption, rising energy costs and new regulations on extended supply chain sustainability on the horizon. Therefore, it is important to bridge the gap between today’s cost-optimized supply chain and tomorrow’s resilient and sustainable supply network.
