Supply Chain Management software manages executing and planning of current supply chains. This includes systems like TMS, MES, ERP, and many others. The promise of Supply Chain Management software is that by using software instead of people, companies can run their existing supply chains more efficiently. Think of efficiencies like reducing software costs, optimizing inventory levels, and finding the best levels of production. The savings coming from these improved efficiencies are on operational, administrative, or recurring costs but not on purchasing costs which is actually the majority of supply chain expenditures. Each of these costs savings is small, and requires a different, expensive, and complex Supply Chain Management software system to find it. This makes it extremely expensive to marginally reduce overall costs. And at the same time, companies are still leaving millions on the table.
Supply Chain Complete takes a totally different approach. Our revolutionary platform in seconds optimizes and redesigns supply chains to reduce costs by 20-35%. Our patent-pending AI+ technology uses AI, proprietary heuristics, custom algorithms, and advanced data models to run millions of scenarios across thousands of data points in seconds to deliver unprecedented cost savings. We are running on the technology of tomorrow, whereas Supply Chain Management software is running on the technology of yesterday.
The platform is configurable on demand meaning that companies can plan proactively plan for the future, rather than just reacting using their typical Supply Chain Management software. Our platform also enables on-demand reconfiguration, allowing companies to quickly adapt to disruptions, new products introductions, or shifting priorities such as lead time, sustainability, and risk. With billions of configurations available, this results in additional operational efficiencies and cost savings.
By taking this revolutionary approach of designing and optimizing supply chains, Supply Chain Complete finds the 20-35% of supply chain costs left on the table. This dramatically reduces supply chain expenditures by tens of millions of dollars which flows directly to increased profits. These savings are unprecedented and 10x the savings that typical Supply Chain Management software can provide. And at the same time, because Supply Chain Complete optimizes the supply chain, it reduces the resources companies need to spend on managing their supply chains.
With Supply Chain Complete, teams can now focus on execution rather than supply chain design and the associated evaluations that take months. Our software is complementary with existing Supply Chain Management software so teams can continue working the way they always have with their existing software. And because our software was designed by a unique team with a blend of supply chain, optimization, and software expertise, the platform is extremely easy to use. Onboarding typically takes less than a week and using the software takes seconds. This is compared to the months of onboarding and poor user experiences of typical Supply Chain Management software.
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