Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the manufacturing industry. This time, you get to discover 5 hand-picked supply chain startups.
Global Startup Heat Map highlights 5 Top Manufacturing Supply Chain Startups out of 747
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 747 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 supply chain startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 742 manufacturing supply chain solutions, get in touch.
SiRP builds a Supplier Relationship Platform
Communication between material suppliers and manufacturers is crucial for effective workflow. In the absence of on-time arrival of raw materials at production facilities, employees have no work to perform, and as a result product deliveries get delayed. This leads to lower customer satisfaction and higher production costs. To avoid this, manufacturers leverage supply chain collaboration platforms.
Canadian startup SiRP offers a supplier relationship platform for businesses to provide visibility and control of their supply chain. The startup’s eponymous platform automates procurement processes such as placing purchase orders, tracking deliveries, and supplier performance. The solution enables manufacturers to receive order acknowledgment notifications from suppliers and shortage alerts in advance to avoid any supply chain disruptions.
Suuchi develops a B2B Supply Chain Management Platform
Effective communication between companies and departments involved in product development and manufacturing leads to better inventory planning, reduced costs, and overall optimization. Manufacturers leverage supply management platforms for real-time communication across all stakeholders. This, for instance, allows product designers and engineers to communicate design specifications and engineering changes with the suppliers.
The US-based startup Suuchi develops a B2B supply chain management platform. The startup’s solution enables manufacturers to reduce costs of compliance with a real-time digital trace of suppliers and real-time communication with partners from design to distribution. The platform’s tracking solution unifies all supply chain participants to create accountability and traceability.
Katana offers Smart Inventory Software
Poor inventory management leads to increased waste, higher production costs, and lower efficiency. On the other hand, proper inventory management optimizes production and manufacturing efficiency which ensures better cash flow. Startups offer inventory management solutions to help manufacturers automate inventory management processes and monitor inventory levels in real-time.
Estonian startup Katana offers smart manufacturing and inventory software. The startup’s auto-booking engine tracks inventory in real-time, automatically allocating available material and finished products to fulfill orders. In case the order priority changes, the software redistributes inventory to fit the new production schedule. The solution enables manufacturers to build direct-to-consumer channels and automate workflow.
VendorMach develops a Supply Chain Risk Management Platform
Identification, assessment, and mitigation of both internal and external supply chain risks are critical to enabling constant and non-disruptive production. To effectively manage their risks, companies leverage digital tools that enable them to score and assess risks and third-party dependencies. These tools create risk mitigation strategies, monitor risks, and analyze results to secure supply.
British startup VendorMach develops a Software-as-a-Service (SaaS) supply chain risk management platform. The startup’s solution enables manufacturers to organize, analyze, and benchmark data from third parties and suppliers. It features a drag-and-drop interface with modular compliance-scoring components to facilitate compliance assessments. The platform provides support for integrations with third-party APIs and importing enterprise data into a structured database.
RIOS automates the Supply Chain with Artificial Intelligence-powered Robots
With the advancements in robotic technologies, more and more manufacturers are adopting autonomous robots to improve the speed and accuracy of routine operations in warehousing. Artificial Intelligence-powered robots enable companies to decrease long-term costs, increase productivity, and reduce the frequency of inventory checks. The robots’ ability to operate in high-risk environments adds value to supply chain operations.
The US-based startup RIOS develops and deploys AI-powered robots to factory assembly lines and warehouses. It helps manufacturers automate their supply chain and logistics operations. The startup’s robot-as-a-service solutions enable manufacturers to maintain continuous workflow and establish more local supply chains.
Discover more Manufacturing & Supply Chain Startups
Manufacturing & supply chain startups such as the examples highlighted in this report focus on automation, artificial intelligence, the IoT as well as blockchain. While all of these technologies play a major role in advancing manufacturing, they only represent the tip of the iceberg. To explore more manufacturing technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Manufacturing Innovation Report to save your time and improve strategic decision-making.