B2B transaction data from the Infor Nexus network shows a major shift in supplier payment terms following the onset of COVID-19 in March of 2020. In the first three months of last year, the majority of payment terms were 30-45 days. In March, 66% of all orders were on terms less than 60 days.

By July, the buyer-supplier payment dynamic had completely flipped, with 65% of orders on terms greater than 60 days. This trend continued throughout the year with 60 day, 90 day, or even longer payment terms in place as buyers moved to preserve their own capital. As a result, many suppliers found themselves in need of a lifeline. For many buyers and suppliers, supply chain finance programs became that solution, removing risk and stress from supply chains by ensuring suppliers access to early payment.

An established digital ecosystem lets brands reduce design-plan-manufacture cycles, improve supply chain planning accuracy, enable end-to-end inventory visibility, and help manage financial orchestration and liquidity. This helps ensure that the right products get to the right place, at the right time—on budget, and aligned with sustainability efforts that appeal to customers socially and environmentally. Additionally, a connected supply chain can improve visibility of key production metrics such as water usage and chemical content, all of which can be shared with consumers.

Collaborative networks connect complex systems of enterprises, applications, service providers, data sources, and devices involved in a fashion brand’s value chain and host them on a cloud-based platform for optimal performance and accessibility. Cloud-based systems facilitate the communication, performance, scale, security, and computing power needed to leverage technology solutions across the entire design to the manufacturing cycle.

Partnership offers Infor M3, CSI, and LN customers a solution to accelerate and capture data with intelligent document processing solutions to drive productivity.

Partnership to Manage Warehouse & Supply-Chain Operations, to Help Its Customers Make Smarter, Faster and Better Informed Decisions.

Independent Computer Consulting Group (“ICCG”) has been appointed as Platinum Partner by JASCI Software. JASCI Software is a supply chain acceleration warehouse management software created to meet the needs of omni-channel logistics via the cloud. The strategic partnership is expected to strengthen the ability of both companies to execute their value add and growth strategies.

ICCG is an enterprise software focused consulting firm with a global presence and a track record of more than 2,000 business and digital transformation project executions across ERP, Supply Chain Planning and Execution Systems, Warehouse Management Solutions, Product Life Cycle Management Solutions and Customer Relationship Management solutions deployments.

JASCI’s Cloud Warehouse Management SaaS platform offers a suite of solutions that fit a multitude of operations. Those include Warehouse Management, Warehouse Execution, Warehouse Control Systems, Robotic Execution, Yard Management, Labor Management, 3PL Management, Parcel & Freight Shipping, and more. This is all powered by JASCI’s patented cutting-edge SmartTask workflows technology, which enables unmatched configurability, speedy implementations, and limitless growth for its clients.