Omnichain Solutions (Omnichain), a supply chain enterprise focused on Blockchain-enabled solutions, launched its eponymous platform. The Omnichain platform is the first end-to-end supply chain management platform built using Blockchain technology. The demand-driven, Software-as-a-Service (SaaS) solution enables global consumer packaged goods (CPG) companies, retailers and e-tailers to drive growth, and promote trust, transparency and accountability across the value chain. Among the many to implement the revolutionary platform are reverse logistics and asset recovery services provider Segue and organic frozen food brand Ruby Rockets.
Leveraging Blockchain technology, Omnichain’s platform allows companies to connect their global supply chains with an immutable record of all goods movement and inventory from source to shelf and back. The holistic solution uses patented, intelligent planning algorithms and business rules to accurately forecast at the SKU and planogram levels to meet customer demand across all sales channels, enabling companies to optimize manufacturing planning, eliminate lost sales, reduce inventory carrying costs, and increase profitability.
Pratik Soni, co-founder and CEO, Omnichain said, “As global supply chains grow in complexity, business performance is often hindered by outdated enterprise resource planning systems, fragmented operations and siloed data. Our unique solution is designed to help brands and retailers of all sizes overcome the challenges of a linear, reactive supply chain with complete data transparency from source to shelf and back. We’re excited to offer the Omnichain platform and partner with dynamic companies like Segue and Ruby Rockets to enable the competitive edge required to grow and scale their business.”
Segue CEO, Steven J. Vertun, noted that the company had looked at many warehouse management system software packages and associated service providers to establish a solution that would cover the needs of Segue’s very complex and dynamic business. His team decided to go with Omnichain’s platform due to its ability to provide end-to-end, multidimensional automation of inventory, fixed assets and reporting, enhanced vendor visibility of product status and reporting, improved warranty tracking and an anticipated minimum 25 percent increase in warehouse efficiency and inventory processing. Vertun added, “Blockchain technology is the future of IT. While we manage our business based on many vetted, fundamental business practices, we like to be on the leading edge when it comes to our IT, vendor and channel management strategies.”
Stephen Davis, CEO, Ruby Rockets, said, “We are excited to partner with Omnichain on the next chapter in our supply chain management process. The technology is customizable, very easy to set up and use, and allows us to focus on the flow of inventory more transparently. Omnichain has been an ideal vendor and is very responsive.”