Jabil Wins Gartner's Supply Chain Innovation Award 2016
Posted May 17, 2016
Jabil Recognized for Use of Real-Time Visibility, Actionable Analytics and Unique Visualization to Reduce Global Supply Chain Complexity and Cost
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Jabil Circuit, Inc. (NYSE: JBL) today announced that Gartner has named the Jabil InControl ™ supply chain visualization and analytics platform a winner in its "Supply Chainnovator" awards during the Annual Gartner Supply Chain Executive Conference. Jabil garnered the top spot in Gartner's high-tech manufacturing category for driving the transformation of its global digital supply chain through the use of unconventional, innovative and high-impact approaches.
The Jabil InControl ™ platform was built from the ground up to deliver real-time visibility and actionable insights over the company's massive global supply chain, which encompasses 17,000 suppliers, 700,000 part numbers and 102 manufacturing plants in 28 countries. The platform features predictive modeling and proprietary mobile visualization to improve cross-functional collaboration while making it easier to quickly identify and take action to address areas of supply chain concern, risk, and opportunity. As a result, Jabil has reduced inventory by more than $300 million over several years while elevating customer service levels by more than 20 percent.
"The Jabil InControl ™ platform provides the supply chain ecosystem and its customers worldwide with unique and holistic views of the complex material flow from raw material manufacturers to the delivery of end products," said Virginia Howard, research director, Gartner Supply Chain Research. "As an early adopter of innovative supply chain visibility tools and intelligent analytics, Jabil is making major strides in optimizing its working capital while automating supply chain decision making."
Jabil customers, including many of the world's biggest brands and leading high-tech manufacturers, benefit from the company's ability to elevate collaborative decision-making and proactively protect against supply chain disruption. Moreover, the Jabil InControl ™ platform gives customers the ability to optimize the use of Jabil's massive manufacturing and distribution footprint to minimize total landed product costs.
"Mass globalization, shortening product lifecycles, disruptive competition, challenging economic conditions and geopolitical threats make it very difficult to rely on traditional supply chain practices," said Don Hnatyshin, senior vice president and chief supply chain and procurement officer at Jabil. "We're thrilled that Gartner has recognized our efforts to push the envelope in maximizing Jabil's intelligent digital supply chain with the Jabil InControl ™ platform."
The Jabil InControl ™ platform was chosen from a field of more than 15 competing supply chain solutions. Jabil plans to expand the platform to leverage machine learning, cognitive analysis and complex event processing in support of the driverless, piloted supply chain of the future.
Jabil provides comprehensive electronics design and manufacturing product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on Jabil's website.