Rich Katz, CEOSet against this backdrop, Elemica, one of the leading Digital Supply Network service providers is on a mission to significantly improve the efficiency, visibility, agility, and robustness of the global supply chains through their groundbreaking technology. “Our objective is to drive true innovations and become a reliable technology partner to our clients by helping them achieve greater visibility and control they need to succeed in the global supply chain marketplace,” says Rich Katz, CEO of Elemica.
Elemica’s patented Digital Supply Network (DSN) platform improves customer service, reduces costs throughout operations, sustains profitable growth, and accelerates digital transformation by providing real-time visibility to deliver value across the end-to-end supply chain.
Elemica drives bottom-line results by promoting faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between trading partners.
Analytics is seen as a key driver for change and decision-making in procurement operations. Elemica’s state of the art platform uses network master data and a business rules engine to ensure that clean data is exchanged with partners. The Elemica Network captures event and transaction data across the entire network, creating a critical mass of real-time business information that allows partners to proactively respond to supply and demand changes in the market. This powerful platform collects data in any format and transforms it into a standard format and then links the data and sends it back to the clients’ systems through APIs. The data, transmitted back via this patented technology,is used for analytics to deliver intelligent visibility in terms of logistics, order management, and fulfillment. Through Elemica, enterprises can optimize and digitize their procure-to-pay processes, workforce, safety stock, and transportation needs.
The company offers its solution to various sectors including oil and gas, chemicals, food and beverage, automotive, pharmaceutical, and CPG. Recently, a global Fortune 100-CPG company approached Elemica wanting help to improve the performance of its inbound supply chain which included rail and road movements. One issue was how to address forecast volatility wherein the buyer’s lead time was 30 days, yet their manufacturing forecasts and demands varied every 8 hours which injected noised into the process. Elemica solved this issue by providing an automated pull-based system leveraging the Elemica DSN and the Elemica VMI demand management application. Both the buyer and supplier learned to manage the appropriate inventory and over a short period, operations shifted to nearly 100 percent hands-free operation, and 30 percent reduction in overall stock levels and inventory variations, all without any reduction in services levels.
Elemica has been continually launching new solutions for the products that their clients are buying, selling, moving, complying, and seeing throughout their supply chains. Unlike other competitors, Elemica offers the Elemica Quality Management solution that brings quality and operational excellence together, giving manufacturers the upstream visibility and control they need. Elemica has expanded globally with clients representing an equal split between North America and Europe, and the rest of the world. Moving ahead, the company will also continue to incorporate next-gen technologies like artificial intelligence, IoT, and machine learning into their solutions and work together as a team to create blockchain as a service platform.
Analytics is seen as a key driver for change and decision-making in procurement operations. Elemica’s state of the art platform uses network master data and a business rules engine to ensure that clean data is exchanged with partners. The Elemica Network captures event and transaction data across the entire network, creating a critical mass of real-time business information that allows partners to proactively respond to supply and demand changes in the market. This powerful platform collects data in any format and transforms it into a standard format and then links the data and sends it back to the clients’ systems through APIs. The data, transmitted back via this patented technology,is used for analytics to deliver intelligent visibility in terms of logistics, order management, and fulfillment. Through Elemica, enterprises can optimize and digitize their procure-to-pay processes, workforce, safety stock, and transportation needs.
The company offers its solution to various sectors including oil and gas, chemicals, food and beverage, automotive, pharmaceutical, and CPG. Recently, a global Fortune 100-CPG company approached Elemica wanting help to improve the performance of its inbound supply chain which included rail and road movements. One issue was how to address forecast volatility wherein the buyer’s lead time was 30 days, yet their manufacturing forecasts and demands varied every 8 hours which injected noised into the process. Elemica solved this issue by providing an automated pull-based system leveraging the Elemica DSN and the Elemica VMI demand management application. Both the buyer and supplier learned to manage the appropriate inventory and over a short period, operations shifted to nearly 100 percent hands-free operation, and 30 percent reduction in overall stock levels and inventory variations, all without any reduction in services levels.
Elemica has been continually launching new solutions for the products that their clients are buying, selling, moving, complying, and seeing throughout their supply chains. Unlike other competitors, Elemica offers the Elemica Quality Management solution that brings quality and operational excellence together, giving manufacturers the upstream visibility and control they need. Elemica has expanded globally with clients representing an equal split between North America and Europe, and the rest of the world. Moving ahead, the company will also continue to incorporate next-gen technologies like artificial intelligence, IoT, and machine learning into their solutions and work together as a team to create blockchain as a service platform.
Elemica News
Elemica Acquires EMNS, a Leading Material Quality Compliance Provider
Elemica Continues its Global Growth & Expansion with the Appointment of Mike Coughlin as its New Chief Financial Officer
ATLANTA,-- Elemica, the leading provider of Digital Supply Chain solutions and the premier Digital Supply Chain Network for B2B industries, is pleased to announce the appointment of Mike Coughlin as Chief Financial Officer. In his role, Mike will lead financial strategy and operations, leveraging his extensive knowledge to support Elemica’s growth and financial objectives.
"We are proud to welcome Mike as our new CFO," said Paul Carreiro, CEO and President of Elemica. "His leadership experience in finance as well as the SaaS and technology sectors makes him the ideal person to help us navigate the next chapter of our growth."
Before joining Elemica, Mike served as CFO for prominent technology companies Nextech Systems and eSolutions. His proven track record in guiding companies through complex growth phases — coupled with his deep understanding of financial disciplines — positions him as an invaluable asset to Elemica’s executive team.
In his new role, Mike will closely collaborate with Eurazeo, a global investment company and owner of Elemica, to drive company growth and ensure alignment with overall value creation goals. His results-driven approach and industry knowledge will be instrumental in enhancing financial performance and strategic direction.
Mike expressed his enthusiasm for joining the team, stating, "Elemica is in a unique position to accelerate its role in the global supply chain ecosystem for all trading partners through the power of the Elemica network. I’m thrilled to be part of this organization that’s doing so much good and align with customers to drive meaningful value.”
Mike’s appointment marks a significant milestone for Elemica as the company continues to expand its market presence and enhance its digital supply chain solutions. His leadership will play a crucial role in advancing Elemica’s mission to provide unparalleled value to all trading partners on the network.
"We are proud to welcome Mike as our new CFO," said Paul Carreiro, CEO and President of Elemica. "His leadership experience in finance as well as the SaaS and technology sectors makes him the ideal person to help us navigate the next chapter of our growth."
Before joining Elemica, Mike served as CFO for prominent technology companies Nextech Systems and eSolutions. His proven track record in guiding companies through complex growth phases — coupled with his deep understanding of financial disciplines — positions him as an invaluable asset to Elemica’s executive team.
In his new role, Mike will closely collaborate with Eurazeo, a global investment company and owner of Elemica, to drive company growth and ensure alignment with overall value creation goals. His results-driven approach and industry knowledge will be instrumental in enhancing financial performance and strategic direction.
Mike expressed his enthusiasm for joining the team, stating, "Elemica is in a unique position to accelerate its role in the global supply chain ecosystem for all trading partners through the power of the Elemica network. I’m thrilled to be part of this organization that’s doing so much good and align with customers to drive meaningful value.”
Mike’s appointment marks a significant milestone for Elemica as the company continues to expand its market presence and enhance its digital supply chain solutions. His leadership will play a crucial role in advancing Elemica’s mission to provide unparalleled value to all trading partners on the network.
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This brings together a world leader in global supplier quality assurance (GSQA) for inbound and outbound materials and finished goods quality, with the leading global Digital Supply Network of Elemica. With this unification, clients of both companies will realize improved efficiencies around supplier quality compliance and increased speed of execution across their global supply chains.
The combination will be of particular importance to companies in the following industry verticals including Chemicals, Plastics, Food, Consumer Products, Distribution, and Beverage. Benefits to these types of companies will include:
• Using Certificate of Analysis (COA) to manage inbound and outbound material quality across supply chains.
• Measuring supplier quality by monitoring and reacting to changing regulatory needs.
• Simplifying supply chain traceability and transparency.
• Easily track ongoing supplier audits and certifications to maintain regulatory compliance.
• Streamlining supplier data collection to drive operational efficiency.
“Elemica will offer the EMNS solutions as a dedicated set of product offerings within the Elemica BUY and SELL solution suites,” said John Blyzinskyj, chief executive officer of Elemica. “The EMNS products will bring value and ease of use to clients who need to adhere to regulatory product quality compliance standards and employ this as a key part of their competitive market advantage. This set of solutions also significantly helps corporate initiatives around the digital transformation of global supply chains.”
“Elemica delivers a next generation Digital Supply Network that is tailored to the process manufacturing industry and it has specialized around this set of industries for almost 20 years. The increasing demand for specialized solutions for quality assurance and regulatory compliance allows Elemica to mitigate supply chain risks for the products our clients buy, sell, and move through their supply chains,” said Bill Benda, CEO of EMNS.