{"id":49642,"date":"2022-06-08T16:06:10","date_gmt":"2022-06-08T08:06:10","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=49642"},"modified":"2022-06-08T16:06:12","modified_gmt":"2022-06-08T08:06:12","slug":"sas-cosmo-tech-innovations-build-resilient-global-supply-chains","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2022\/06\/08\/sas-cosmo-tech-innovations-build-resilient-global-supply-chains\/","title":{"rendered":"SAS, Cosmo Tech innovations build resilient global supply chains"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>As the complex global supply chain logjam continues, two companies are offering customers a better way to strategically use data and technology to maximize competitive advantage. Analytics and AI leader SAS and Cosmo Tech, an influential creator of complex simulation and\u00a0digital twin supply chain technology, have become partners. They will use their collective expertise to build\u00a0a\u00a0hybrid\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.sas.com\/en_us\/insights\/analytics\/what-is-artificial-intelligence.html\" target=\"_blank\">artificial intelligence (AI)<\/a>-powered digital twin solution\u00a0that helps connect demand planning and forecasting with production and inventory planning to create more resilient end-to-end supply chains.\u00a0<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about the SAS and Cosmo Tech&nbsp;<a href=\"https:\/\/www.sas.com\/content\/dam\/SAS\/documents\/partner-collateral\/en\/cosmotech-supply-chain-resiliency-112959.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">partnership<\/a>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe best way to respond to unplanned events is to anticipate them, and the best way to anticipate them is to model potential responses beforehand,\u201d said Brian Kilcourse, Managing Partner at Retail Systems Research. \u201cThe combination of advanced analytics technologies and digital twins makes that possible.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Analytics and digital twins help heal the fragile supply chain&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consider the complex processes of manufacturing everyday goods around the world. From potato chips to tires, manufacturers must balance the right flow of suppliers, raw materials, and specialized processes with unforeseen shifts in consumer demand.&nbsp;&nbsp;Tires with Kevlar for a truck in the Alps? Single-serve bags of vinegar and sea salt potato chips headed to Kansas City? The variables make it impossible for manufacturing professionals to profitably stay on top of their game relying on only spreadsheets. That\u2019s where analytics and digital twins step in to make a transformational difference.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFor supply chain managers, it\u2019s difficult to predict the impact of a decision, a disruption, or an unexpected event on the entire organization,\u201d said Hugues de Bantel, Co-Founder and CEO of Cosmo Tech. \u201cSAS and Cosmo Tech\u2019s combined technologies let customers understand in real time not only how organizations are performing but how they will perform even in situations they\u2019ve never experienced before.\u201d&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The business challenges the SAS\u00a0and Cosmo Tech solution will address include:\u00a0\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Maintaining production quality and reducing waste.&nbsp;<\/li><li>Meeting demand shifts while minimizing lost sales.&nbsp;<\/li><li>Making the best use of available resources.&nbsp;<\/li><li>Controlling costs and margins.&nbsp;<\/li><li>Anticipating risks and managing supply chain disruptions.&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The partners\u2019 joint solution involves the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.sas.com\/en_us\/software\/intelligent-planning.html\" target=\"_blank\">SAS Intelligent Planning Suite<\/a>\u00a0running on\u00a0SAS\u00a0Viya\u00a0and the Cosmo Tech 360 Simulation Platform. The new solution will help build flexibility back into an organization by analyzing the data flowing off\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.sas.com\/en_us\/insights\/big-data\/internet-of-things.html\" target=\"_blank\">IoT<\/a>\u00a0devices like RFID tags, production lines and vehicle telematics. The partners will focus initially on supply chains for manufacturing, consumer goods and retail, but the benefits of simulation digital twins apply to many vertical industries from health care to financial services.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dan Mitchell, SAS Global Director of Retail &amp; CPG, said the global crisis reveals how delicate the optimized, consolidated supply chain is. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cLooking back on the last couple of years, we can see all the things we thought were inefficient before \u2013 multiple distribution centers, carriers and routes &#8211; were actually investments in resiliency,\u201d Mitchell said. \u201cConsumer goods manufacturers typically rely on just a few analysts and planners to create a multitude of forecasts. Using intelligent automation with machine learning like digital twins allows companies to automate complex tasks so analysts are freed up for more critical work.\u201d\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe best way to respond to unplanned events is to anticipate them, and the best way to anticipate them is to model potential responses beforehand,\u201d said Brian Kilcourse, Managing Partner at Retail Systems Research.<\/p>\n","protected":false},"author":6,"featured_media":49341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1243,1267,96,2727,1656],"class_list":["post-49642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-sas","tag-sas-philippines","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/49642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=49642"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/49642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/49341"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=49642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=49642"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=49642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}