E2open (NASDAQ: EOPN), a leading provider of cloud-based solutions for collaborative execution across global trading networks, today announced an initiative to integrate social technologies into its E2open Business Network. This will allow participants to improve productivity and increase opportunities for higher revenue attainment and lower operating costs derived from improved supply chain responsiveness.
According to research published by the McKinsey Global Institute (MGI) in July 2012: “Improved communication and collaboration through social technologies could raise the productivity of interaction workers by 20 to 25 percent...These technologies, which create value by improving productivity across the value chain, could potentially contribute $900 billion to $1.3 trillion in annual value.”
“E2open is in a unique position to be the first vendor to leverage the power of social technologies to increase business value in a supply chain context,” said Mark Woodward, President and CEO, E2open. “By leveraging the existing data and security models in our E2open Business Network and combining them with social technologies, we can enable our customers and their trading partners to resolve supply chain issues, as well as identify potential demand forecast inaccuracies and supply risks, more quickly and efficiently.”
After extensive research with its customers and their trading partners, E2open has identified three collaborative execution areas the company will focus on to enable increased business value through social technologies:
“The results of our research with visionary supply chain executives over the past year have clearly identified the opportunities for ‘social’ in supply chain, and how E2open can extend its E2open Business Network to deliver new social-based supply chain capabilities,” said Lorenzo Martinelli, SVP Corporate Strategy at E2open. “Over the next year, we will continue to work with our early adopter customers to prove out our social supply chain solutions—and their adoption patterns across trading networks—to validate the business value they can deliver to our customers and their trading partners.”
E2open’s social supply chain capabilities for issue collaboration, demand sensing and supply risk monitoring are currently planned to be available in limited pilot by summer 2013. To learn more about the E2open Social Supply Chain initiative, visit www.e2open.com/social-supply-chain.
E2open (NASDAQ: EOPN) is a leading provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative execution across global trading networks. Enterprises use E2open solutions to gain visibility into and control over their trading networks through the real-time information, integrated business processes, and advanced analytics that E2open provides. E2open customers include Celestica, Cisco, Dell, HGST, IBM, L'Oréal, LSI, Motorola, Seagate, and Vodafone. E2open is headquartered in Foster City, California with operations worldwide. For more information, visit www.e2open.com.