DALLAS, Nov. 2, 2016 /PRNewswire/ -- One Network Enterprises (www.onenetwork.com), a global provider of secure, multi-party, SaaS and PaaS cloud networks, today announced that Dana Commercial Vehicle Driveline Technologies has achieved significant supply chain efficiencies by implementing One Network's Real Time Value Network™ across all of its supply chain functions. With daily visibility into accurate demand and inventory levels, and real-time collaboration with suppliers through One Network, Dana is able to service its global customer base with much greater efficiency.
"The actual results for inventory reduction that we have realized is double the goal that we initially set out to achieve and we identified specific products where inventory reduction could be reduced by 40 percent or more," said Doug Lair, global director of material and logistics, Dana Commercial Vehicle Driveline Technologies. "One Network has demonstrated an ability to quickly adapt their services to meet our company's needs. Their network has proven to be highly flexible and enables us to quickly adjust to changes in customer demand flexibilities in markets on a regular basis, typically within a single business day versus what used to take weeks."
One Network's technology is based on a multi-party, multi-tier visibility, and collaboration. Leveraging One Network, Dana is able to manage the inbound supply for its commercial vehicle operations and also manage its intercontinental freight operations using One Networks' Intelligent Logistics and Transportation Management Solution. In addition, Dana now has quick access to inventory data at third-party warehouse facilities, which was not previously possible. Along with the inventory reductions, Dana has also realized a drop in shortages and expediting costs by having the right inventory, at the right place, at the right time.
"Dana is a global leader in the automotive market and we are honored to partner with them. By leveraging the Real Time Value Network, they are truly a global leader in the digital supply chain revolution," said Greg Brady, CEO of One Network. "We are bringing the Real Time Value Network to the automotive industry. With 20 percent of the world's largest automotive OEM giants and automotive suppliers already utilizing One Network, we continually optimize multi-party execution for some of the world's most impressive brands, so they can streamline operations and improve ROI. One Network's real-time visibility across enterprises, powerful supply chain modules, global supply-demand matching, and real time multi-party collaboration capabilities, have helped Dana to set new standards in global efficiency, collaboration and service."
Unlike other solutions, One Network enables manufacturers, suppliers and freight carriers to work on a single solution thus eliminating latency, eliminating silos and enabling live collaboration to resolve issues. One Network's solution includes smart agents that continuously optimize decisions on an event by event basis considering supply chain and logistics constraints simultaneously across all parties to maximize on-time delivery while minimizing costs. These real-time multi-party, multi-tier visibility, optimization and collaboration capabilities were key to making Dana successful.
About Dana Incorporated
Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee, Ohio, the company employs more than 23,000 people in 25 countries on six continents. In 2015, Dana generated sales of nearly $6.1 billion. Forbes Magazine has again selected Dana as one of America's 100 Most Trustworthy Companies. For more information, please visit dana.com
About One Network Enterprises
One Network is bringing the network to connect companies and their entire ecosystem, to serve the customer. Founded in 2002, One Network offers patented solutions to multi-party business, including supply chain management. Powered by One Network's cloud platform, the Real Time Value Network™ eliminates the traditional divide between planning and execution and enables visibility and data, to flow across the entire value chain of business partners – in real- time. Additionally, One Network offers PaaS solutions and developers tools that enable organizations to design, build and run multi-party applications. Leading organizations from around the world, from nearly every industry have joined One Network, helping to transform industries from CPG, Healthcare, Automotive, Retail, Logistics and Public Sector and Defense. Headquartered in Dallas, One Network also has offices in China, Europe, and India. For more information, please visit www.onenetwork.com.
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SOURCE One Network Enterprises