New tech-driven supply chain tools are expected to help to save billions of dollars through process and on-ground delivery optimisations
Tata Consultancy Services (TCS), the global IT major under the fold of India-based Tata group, has entered into a global partnership with the US-based end-to-end supply chain and retail solutions provider JDA Software to build next generation technology tools for supply chain operations.
“The partnership will leverage the TCS Business 4.0 thought leadership framework and JDA Luminate Solutions portfolio to develop joint, interoperable technology solutions for supply chains of the future,” TCS announced on Monday.
JDA Software, a leader in artificial intelligence (AI) and machine learning (ML)-driven supply chain and retail solutions, currently has about 4,000 of the world's leading retail, manufacturing and logistics companies, including several companies and retail chains in the Middle East region, as its clients.
As part of the partnership, TCS will establish an end-to-end cognitive supply chain lab at its business solutions lab in Cincinnati, USA to develop quick proofs of concept.
The TCS-JDS-developed solutions, the company statement said, will help enterprises to harness the power of cloud, AI and Ml, allowing them to gain complete supply chain visibility and receive prescriptive recommendations to make accurate, profitable business decisions.
"We're delighted to see this partnership between JDA and TCS as two of our strategic technology partners that we work with to drive supply chain transformation within our business," said Carl Dawson, a senior executive of Marks & Spencer, the TCS statement quoted.
Once developed, the new tech-driven supply chain tools are expected to help companies, especially manufacturing and retail chains across the globe, to save billions of dollars through process and on-ground delivery optimisations.
"Combining TCS' advanced and disruptive Business 4.0 digital technologies and deep expertise with JDA's end-to-end supply chain and retail solutions, we will collectively reinvent our customers' supply chains enabling them to fulfill product demands intelligently, explore new business models, capabilities, and value propositions," said Raman Venkatraman, Vice President and Global Head, Alliances and Technology Unit, TCS.
The tie-up with JDS is part of the new strategic initiative of TCS, the IT services, consulting and business solutions organization of the software-to-salt conglomerate Tata Group, to push its next phase of growth, led by new product development and product innovation.