Superior Essex And Waybridge Announce Product Expansion By Providing Manufacturing Facilities In Asia, Europe, And North America

Expansion followed the successful merger of two Superior Essex operations in North America.

Fremont, CA: Global supply chains and business continuity risks had another busy year in 2021. In addition to supporting colleagues and customers throughout the pandemic, businesses have faced increased competition and mounting pressure from buyers and suppliers to deliver despite supply chain disruptions while ensuring a positive, safe, compliant, and transparent overall customer experience.

Waybridge, the raw materials supply chain operating system, has expanded its relationship with Superior Essex, the world's largest distributor of magnet wire, across its manufacturing locations in Europe and North America.

Superior Essex was an early adopter of Waybridge's platform, using it in two North American production sites — in the United States and Mexico — beginning in August 2021. In addition, Waybridge will be integrated into nine new operations in Canada, Germany, Italy, Serbia, and the United States as part of this latest development.

Inefficient supply chains and stockouts can cost businesses more than immediate sales losses; they can raise logistical expenses, harm a company's brand image, and ultimately stymie future demand. Stockouts can get attributed to various supply chain factors, such as an unanticipated surge in demand, shipment and supplier delays, human mistakes, and a lack of precise inventory data.

Waybridge's Stock & Flow feature tackles and mitigates the difficulty of understanding existing and future inventory positions by combining shipping estimates, real-time shipment locations, estimated ETAs, and production schedules to provide clients with unprecedented predictive capabilities. As a result, Waybridge enabled Superior Essex to prevent four material stockouts that would have negatively impacted their customers in 2021 alone.

Excel is another supply chain tool that might be troublesome for businesses like Superior Essex. While spreadsheets are commonly used to gather and compute data among stakeholders in the raw materials supply chain, they are generally static and manual, making them prone to human error. For example, superior Essex cut company-wide Excel usage procurement by 90% and email volume surrounding procurement and monitoring by 50% using Waybridge's linked platform.

Superior Essex presently utilizes Waybridge to handle all of its North American material and plans to expand its technology into Asian factories soon.