GoComet, a leading supply chain visibility platform, today
announced the results of Essentra plc's digital supply chain
initiative. Prior to implementing the GoComet system, Essentra had
no visibility of their supply chain across regions and no insights
into the reasons for shipment delays.
NEWARK,
N.J., May 21, 2024 /PRNewswire-PRWeb/ --
GoComet, a leading supply chain visibility platform, today
announced the results of Essentra plc's digital supply chain
initiative. Prior to implementing the GoComet system, Essentra had
no visibility of their supply chain across regions and no insights
into the reasons for shipment delays.
"Essentra now has a competitive advantage
with unprecedented insights into its supply chain dynamics. With
this knowledge, they are able to quickly adapt to changes and make
informed decisions in an ever-changing supply chain landscape,"
said Gautam Prem Jain, GoComet
CEO.
Essentra plc, a global provider of essential components and
solutions, operates across 25 countries with 12 manufacturing
facilities and 23 sales and distribution centers. Cutting costs on
their supply chain was a necessity to remain competitive and
profitable.
"We wanted to identify where delays were originating," said
Sandy Gullis, Essentra's EMEA
Freight Manager, "but there was a lack of information."
Implementing GoComet's GoTrack enabled the team to see delays and
reconcile them in real-time. Nearly 70 percent of shipments were on
time, and proactive notifications were sent for the remainder that
were delayed, allowing for effective monitoring and timely
intervention.
"At any given moment, I can see what is moving anywhere in the
world, including when partners and vendors are completing the tasks
they need to complete," Gullis added.
In addition, by leveraging GoComet's GoInvoice module, Essentra
cut down significantly on emails by uploading invoices and delivery
notes directly into the platform for easy vendor access.
"We eliminated the timely process of email exchanges," Gullis
said. After implementing GoInvoice, Essentra saw significant
financial savings: a 4.38% reduction in costs through reverse
auction savings and an additional 4.05% cost reduction achieved,
saving a total of $147K.
Additionally, Essentra standardized its processes across all
sites and saved 759 hours per year, enabling employees to focus on
their core competencies.
Finally, in an effort to refine its emissions tracking, Essentra
utilized GoComet's sustainability suite to track its shipments' CO2
emissions for use in sustainability reporting.
"Essentra now has a competitive advantage with unprecedented
insights into its supply chain dynamics. With this knowledge, they
are able to quickly adapt to changes and make informed decisions in
an ever-changing supply chain landscape," said Gautam Prem Jain, GoComet CEO.
For additional information, visit www.gocomet.com.
About GoComet: The world's most intuitive, easy-to-use supply
chain visibility platform, GoComet is powered by AI and automates
end-to-end logistics for manufacturing companies. It enables
businesses to leverage cutting-edge technology to innovate
logistics and reduce costs. Utilized by enterprises across
industries, GoComet combines the power of data science with machine
intelligence to maximize savings and make logistics management
efficient and fast by reducing manual workloads, eliminating
miscommunication and leveraging data. Users see efficiency and
transparency in the freight procurement process and gain unique
insights through its auto-generated reports for fast, data-driven
decision-making. GoComet reports more than 500+ enterprises
including Bazooka Candy, Lycra, Amcor and General Mills.
Media Contact
Lauren Schiffman, GoComet, 1
415-684-8080, pr@gocomet.com, https://www.gocomet.com
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SOURCE GoComet