SAN JOSE, Calif., May 16, 2018 /PRNewswire/ -- OpsVeda today
announced the release of its Opportunity App Framework, bringing to
market a set of Apps that target areas of leakage in everyday
enterprise operations. These apps use detailed business rules and
data patterns to identify opportunities/risks and assess the value
of proactive action. This helps users make targeted efforts towards
increasing revenues and reducing costs. Using advanced analytics,
the apps unearth unapparent opportunities and pin-point actionable
transactions, customers, suppliers and products where such
opportunity exists. As companies embark on their digital
transformation journeys, this new offering from OpsVeda will play a
major role in aligning day-to-day operational objectives to larger
business goals.
"Most analytics initiatives provide information to business
users after the fact, and then hope for the user's intent, desire
and experience to improve business outcomes. Considering the
real-time, forward looking execution focus of OpsVeda, Opportunity
apps are the tool to shape business user's intent, desire and
experience to change business outcomes," said Sanjiv Gupta, CEO of OpsVeda. He added, "The
apps' emphasis on dollar impact ensures that user intent at every
level is oriented towards core business outcomes. The highly
configurable algorithms and unmatched usability will set a new
benchmark for what users should expect from digital initiatives. We
can finally recapture the 10-20% revenue and margin leakage
enterprises see every day, attributed to out of stocks, fill rates,
substitutions, penalties, expedites, poor vendor performance,
insufficient customer lead times, and more."
The opportunity apps are add-ons that customers can plug-in to
OpsVeda's leading Operational Intelligence SaaS platform. They
leverage data ingested by the OpsVeda platform and continually
reassess operational opportunities and risks as new data arrives.
This ensures that opportunity valuation is current and users are
always prioritizing activities with the best returns.
Ratheesh Raveendran, product
owner for OpsVeda Opportunity Apps explained, "The rapid deployment
timelines of OpsVeda platform enable customers to leverage the
Opportunity apps in a matter of weeks. The apps, once activated,
start sifting through the existing data to provide a dollar
prioritized action list. We are confident that customers will see
value from day one."
Why is Opportunity Apps a must for Operations teams?
Operations teams deal with a lot of data every day. Many
opportunities and risks lurking in this data often go unnoticed
because of the high volumes and operational complexity. This
results in teams spending their energies on low impact transactions
while ignoring the ones that could contribute significantly more to
the top and bottom lines. Opportunity apps address the problems in
three ways:
- Leveraging in-memory technologies to analyze all of the
voluminous data in near real-time
- Assessing the dollar value of each opportunity and helping the
user prioritize his/her day based on that
- Providing detailed drill-down for each opportunity so that action
is fast and easy
"Amidst the din of daily operations and the focus on keeping the
supply chain humming, significant revenue is missed, and avoidable
costs are incurred… often impacting a few basis points on the
bottom line," said Ratheesh
Raveendran. "With opportunity apps this will change. The
apps will enable teams to maximize the bottom line while also
streamlining supply chain operations. It is two birds with one
stone," he added.
About OpsVeda
OpsVeda is an enterprise software company bringing to market a
real-time operational intelligence platform with patented data hub
technology and AI. Focused on Operations and Supply Chain, the
powerful insight-to-action solutions deliver predictive visibility
into opportunities, risks, and process exceptions to business users
across order fulfillment, supply, manufacturing, logistics,
inventory, and retail functions. OpsVeda customers span the
consumer-packaged goods, food and beverage, fashion and retail,
pharmaceuticals, manufacturing, and high-tech industries.
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SOURCE OpsVeda, Inc.