DALLAS, Dec. 6, 2016 /PRNewswire/ -- One Network Enterprises (www.onenetwork.com), a global provider of secure, multi-party, SaaS and PaaS cloud networks, today announced the availability of the latest version of its Real Time Value Network™ (RTVN). The newest offering continues to deliver on the company's vision to enable customer-driven business networks and foster an ecosystem of development partners. With RTVN 17.0, One Network Enterprises unveils key marketplace services which include: Optimized Execution, Market Maker and Service Level Management. Additional technology innovations in 17.0 include a FLUX UI framework, capabilities to create user defined interfaces without coding, enhancements to Timeline Views, and Public REST API.
"There is nothing more important than real-time decision making when it comes to improving supply chain efficiencies and ROI," commented Ann Grackin, CEO of ChainLink Research. "The latest version of One Network's RTVN takes supply chain visibility and performance to a new level with unique Optimized Execution, Market Maker, and Service Level Management services that deliver significant value for trading partners. The ability to provide a single point of supply chain visibility to all companies in the network enables partners to plan, execute, monitor and synchronize all business processes in the extended supply chains in real-time."
One Network's Optimized Execution service improves service levels while reducing costs by optimizing transport operations and replenishment simultaneously and across all trading partners. While One Network's solutions address multi-party transactional execution and planning for any industry supply chain, this service provides specific capabilities that allow customers in Retail, Consumer Goods, Food Service, Automotive, Public Sector, Healthcare, High Tech, Pharmaceuticals and Logistics to create significant competitive advantage. It establishes a real-time information pipe between buyer, seller, logistics provider, and any other stakeholder in the value chain to drive improved perfect order compliance, reduced lead times, and lower transport and operating costs for all trading partners.
Equally important is One Network's new Market Maker service that matches demand and supply across multiple parties in business to consumer as well as business to business transactions for both domestic and international logistics. Similar to Uber, this service matches any shipper demand on the network to any carrier capacity across multiple parties. Similar to Market Makers in a stock trading scenario, this service also matches bids and asks for price and service level terms between the trading parties. For example a delivery for one shipper can be a second delivery or backhaul for a second shipper all while making the market on price and service level. The service provides a collaboration platform that provides full shipment visibility as well as shipment, financial and contract rate management.
Managing charge-backs, which is the ability to tie contracted service level agreements (SLA) to execution performance, continues to present challenges particularly in industries such as Retail, Consumer Goods, Automotive and Heavy Industrials. The Service Level Management Service (SLM) provides, for the first time, a multi-party network solution with a single version of truth that both the customer and the supplier use to manage the contract, orchestrate and track execution between companies, monitor Service Level performance against contracted service level agreements with analytics, and generate and manage the associated penalty charge-back claims. In addition, the Vendor Analytics Service leverages the network's existing analytics capability to enable customers to share data and let suppliers measure their supply chain performance against them.
Additional marketplace services introduced with RTVN 17.0 include a GPS Tracking Service that monitors loads through a mobile app with the driver.
Designed to meet the needs of all customers, RTVN 17.0 also introduces several technology innovations that improve productivity for The Developer Network, the community of developers building solutions on ONE Platform. Highlights include:
- ONE Flux UI Framework introduces industry best practices in UI development using technologies such as ES6, Flux, React, MobX that together enable developers to create high impact, complex UIs that are responsive and easy to maintain.
- New User-Defined Pages capability enables simpler form pages to be configured quickly with drag and drop actions without coding. This provides tremendous flexibility and productivity and reduction in maintenance costs particularly for interfaces related to transactions and master data management.
- New Studio capabilities make it easier to build and support REST APIs that enable communications between mobile devices on the network and for business-to-business integration. Developers can now quickly define versioned, supportable, and documented REST APIs through simple drag-and-drop actions in the Platform Studio and extend API's provided by One Network or build their own.
"Organizations are relying on networks for real-time collaboration and for the information sharing needed to support operational agility," said Greg Brady, CEO of One Network. "RTVN 17.0 continues to deliver on our vision to enable customer-driven business networks by adding innovative network services that improve visibility and transparency between trading partners, enable marketplaces, and orchestrate optimized execution across multiple parties in real-time. Our Developer Network community is also critical to our member's ongoing success and we continue to invest in ways that make it easier for our partners to deliver innovative solutions on our Platform."
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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. 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 developer 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