I grew up in FinTech. At the beginning of my career, I witnessed how advanced an industry approached data and technology. One major issue in that industry is that while it is advanced in its technology, there is significant debt when it comes to a real “platform” level approach. Technology teams combine datasets that exist from legacy acquisitions, purchases of niche data sets created a massive industry, and have enormous technology budgets to wrangle data to develop insights. Now, to give credit where it is due, this industry does a fantastic job drawing quick insights even with disparate silos of data. Even recent M&A activity shows massive data and platform providers joining forces to create compelling stories of unified systems. Still, the reality is there will be an uphill battle to unify the backends.
Since joining Suuchi Inc., I have been fortunate to spend countless hours with customers, prospects, and industry experts in the supply chain management space. When I think about our solution and compare it to the existing technology stacks in place across various supply chains, a fundamental philosophical difference has become apparent.
Supply chain technologies typically solve a specific use case and drills down into that one area of focus. For example, traditional PLMs will take their users deep into design and track through samples, and ERPs do a great job tracking the financials and processing of orders. These solutions act as products that solve a specific use case.
Philosophically and in practice, the Suuchi GRID offers a supply chain platform that will go as wide as traditional solutions go deep. Our platform focuses on the entire value chain. While this may appear to be a daunting task, we simplify the process with a real platform approach to our roadmap: where we don’t build, we open APIs for integrations. This approach allows us to have a quick and inexpensive onboarding for our customers without losing any of their historical or current data.
With the lessons learned in my days in FinTech, it ignites the fire in my belly to continue on our mission to build the best next-generation supply chain management platform. We divide our platform into underlying products, but the key differentiator is that these products remain connected at their core. We spend countless hours reviewing, expediting, and simplifying our approach to service any supply chain. We ensure anything we build can be used across industries and empower our customers to leverage the platform to impact immediate change.
In my next few blog posts, I will highlight our platform and the underlying products that make up the Suuchi GRID. I will highlight how traditionally disparate technologies can still fit into the puzzle and how we wrap across the entire value chain to build one unified supply chain platform. While I am not arrogant enough to state that legacy systems are unnecessary, I am arrogant enough to state that you can control and optimize your technology spend to ensure optimized processes with the right platform. In today’s economic & social climate and the global pandemic, there is a need to digitize, track, unify, and communicate with all value chain participants.