“Marrying the front end, which is Terra, and the back end that E2open manages can give you the ability to make course corrections and manage your supply chain in a much more flexible way.” Mr.
Cooke said the combination can provide the technology support for a “supply chain control tower,” a central operation to manage purchasing and the movement of goods across a global network of suppliers with rapidly changing information, much as an airport control tower manages flights.
Supply chain and procurement professionals in attendance at the recent ISM conference agree that one of their top priorities for the next 12 months is controlling costs.
But after several years of cutting spending, when asked in a survey from Rearden Commerce about where they’ll look for the next layer of savings, there’s a surprising lack of consensus: ● 32% believe more spending should be under procurement’s control.
● 28% say that enterprise-wide visibility into spending is the key to keeping costs down.
Software provider E2open is trying to bridge a gap between planning and execution in managing supply chains for retailers with its acquisition of Terra Technology.
The purchase, announced on Friday, brings Austin, Texas-based E2open a technology business focused on forecasting consumer demand, which has become increasingly important as e-commerce has triggered rapid changes in buying patterns and made it harder for retailers to get inventory to the right place.
Terra Technology has clients including Procter & Gamble , Unilever PLC and Con Agra Foods Inc.
that use its analysis based on a range of information that includes point-of-sale data to predict shifts in demand.
E2open provides cloud-based software that helps companies manage back-end operations, including sourcing supplies and managing inventory.
The purchase follows the acquisition by Infor Inc., an inventory management software company, of GT Nexus, which provides technology for retailers to manage their global and logistics trade processes.