IBM has opened a new Supply Chain Analytics Center of Competency (CoC) in Singapore.
The goal of these CoCs is to create analytics-based solutions that improve supply chain efficiencies.
The Singapore site will follow the model of an IBM living lab, allowing the company to develop and test new analytics tools. The work will also cover risk management, alert systems, and responses to supply or location volatility.
This is the companies third CoC worldwide, developed in collaboration with Singapore's Economic Development Board. The other two CoCs are located in India and the United States.
At the center's opening ceremony, IBM Global general manager of integrated supply chain Fran O'Sullivan said Singapore’s operations volume made it a good selection for the center.
Last year IBM conducted 27 internal analytics projects which are projected to save the company $50 million across its own supply chain.
The center comes shortly after IBM signed a three-year agreement with Singapore's National Environment Agency to develop analytics tools around its infrastructure, sustainability, and health management. The facility will also be developed in part with Singapore's Economic Development Board for the nation’s overall supply chain efforts. - Geoff Whiting