NTT DATA Global Solutions Corporation (NTT DATA GSL), a leading SAP partner and systems integrator in Japan, and Verusen, a startup company that leverages machine learning (ML) and artificial intelligence (AI) to develop intelligent, connected supply chains, have recently announced a new partnership to transform customers’ existing SAP inventory management implementations.
More and more businesses are responding to the difficulties created by the COVID-19 pandemic by accelerating the digital transformation (DX) of their supply chains. Similar to the strategic alliance made by NTT Corporation and SAP in December 2020, the collaboration between NTT DATA GSL and Verusen also aims to address the challenges faced by the industry today. By utilising real-time inventory data management capabilities and a cloud-based AI platform, the new supply chain solution will strengthen clients’ SAP inventory management deployments and further increase their business productivity.
On top of inventory visibility, Verusen’s cloud-based platform optimises clients’ supply chain by forecasting demand based upon efficient sourcing and accurate inventory data.
In a press release statement, NTT DATA GSL President and CEO Motonobu Isoya has highlighted the partnership’s goal to deliver more resilient and agile supply chains to businesses today. He said:
“This alliance will help organisations tackle the growing need for more intelligent supply chain management infrastructures that can respond efficiently to changes in the market and society.”
“Our SAP users will benefit significantly from the integration of Verusen’s AI supply chain platform to help harmonise and optimise material and inventory data to realise maximum business results,” Isoya asserted.
Meanwhile, Verusen Founder and CEO Paul Noble supported Isoya’s remarks. He added that:
“Today, with companies’ technology infrastructures stretched to their limits to meet the growing demand for their offerings and products, it is critical that global organisations implement intelligent and agile supply chain infrastructures to ensure long-term business success.”
SAP Supply Chain and Inventory Management’s Transformation Through AI
Through the purpose-built AI platform, a supply chain solution has been created to optimise material data and transform inventory management to bring material truth to businesses. The solution helps customers avoid opportunity loss due to either deficiency or surplus inventory, and increase their working capital by analysing the inventory data saved at different locations.
Additionally, Verusen’s platform can operate with multiple systems including SAP ERP to improve supply chain and inventory management on SAP S/4HANA using the latest AI technologies.
“By partnering with NTT DATA Global Solutions, we will be able to help their SAP users significantly improve their business productivity and help quickly address ever-changing supply chain challenges using our cloud-based AI platform,” Noble stated, stressing the importance of the partnership.
The alliance will mark the launch of the AI platform offered by Verusen in the Japanese market. Through this partnership, NTT DATA GSL will deliver Verusen’s platform to its clients using SAP S/4HANA. Following the announcement, the two companies have begun joint marketing and have scheduled a full-scale deployment of the service in May.
About NTT DATA GSL
NTT DATA GSL was formed in July 2021 to address the demand for system globalisation amid the growing number of Japanese companies branching out internationally. As a member of the SAP Global Support System of the NTT DATA Group — the company looks to integrate SAP business expertise and solutions by delivering services such as the implementation of ERP system to maintenance operations and expansion of systems. NTT DATA GSL delivers information technology services to various clients through an advanced, one-stop global management platform.
About Verusen
Verusen, a supply chain intelligence company focused on materials management, utilises AI technology to innovate data for procurement intelligence and inventory management. The company’s platform integrates different material data across numerous ERP systems to establish trust in production uptime and reduce inventory costs. Headquartered in Atlanta, Georgia, Verusen is a portfolio company of SAP.iO, SAP’s startup accelerator program.
