Lenovo’s is dedicated to its sustained management in provide chain agility and sustainability amid business challenges
8 September, 2023 – Lenovo has ranked #1 within the Gartner® Asia/Pacific Provide Chain High 10 for 2023. This marks the second consecutive yr that Lenovo has obtained this recognition. Lenovo’s operational excellence continues to remodel its international provide chain and manufacturing footprint.
Regardless of international financial headwinds and geopolitical challenges, Lenovo’s international footprint demonstrated progress in advancing digital ambitions, pioneering ecosystem growth, and incorporating environmental sustainability in its provide chain.
Strengthening provide chain resiliency amid international disruptions
To enhance end-to-end provide chain resiliency and mitigate the consequences of worldwide market disruptions over the previous 12 months, Lenovo established a provide chain management tower known as the ‘Provide Chain Intelligence (SCI)’ to synergize all features – planning, sourcing, manufacturing, supply, and high quality management, in a single built-in platform. Powered by AI and machine studying, SCI’s real-time evaluation and simulations resulted in a 25% improve in Lenovo’s stock turns, enhanced forecast accuracy, and diminished order-to-delivery lead time.
As well as, Lenovo’s operations community includes 30+ manufacturing websites and spans 180 markets, together with China, India, and Japan. These broadened manufacturing capabilities enable Lenovo to realize larger management over its provide chain operations, which is essential in making certain its flexibility and resilience amid market disruptions.
Embracing superior applied sciences to enhance buyer expertise
As a provide chain chief, Lenovo leverages digital applied sciences to enhance provide chain transparency and allow extra knowledgeable decision-making in its provide and product administration. In its digital-first provide chain, Lenovo makes use of cutting-edge applied sciences corresponding to 5G, IoT, and AI to remodel ecosystem partnerships and buyer interactions. With this, it optimizes the supply of merchandise and options and enriches buyer experiences.
Lenovo developed a proprietary AI-enabled course of to determine, cut back and change high-density packaging with environmentally pleasant supplies in its worldwide distribution. This innovation diminished over 50 tons of carbon emissions yearly.
“We’re honored to as soon as once more safe the No. 1 spot within the Gartner® Asia Pacific Provide Chain rating. This recognition demonstrates our dedication to constructing a sensible, networked, and automatic provide chain that higher serves our prospects,” says Amar Babu, President of Lenovo Asia Pacific. “Amid a difficult international provide chain surroundings, our investments in superior applied sciences corresponding to AI and its adoption have helped our prospects and companions to optimize their operational efficiencies and enhance enterprise continuity to realize a aggressive edge.”
Incorporating sustainability in provide chain practices
Lastly, as one of many judging standards, the Gartner rating evaluates efforts to advertise Environmental, Social, and Governance (ESG) innovation all through the availability chain.
Lenovo demonstrated world-class company stewardship by its sustainability efforts. As a part of its aim to succeed in net-zero greenhouse gasoline (GHG) emissions by 2050, validated and authorised by the Science Based mostly Targets initiative (SBTi), Lenovo goals to take away a million tons of Greenhouse Fuel (GHG) emissions from its provide chain.
To help this aim, Lenovo collaborated with logistics chief Kuehne+Nagel to design a sustainable logistics answer. This allowed prospects to purchase credit by a purchase order add-on to cut back the carbon footprint related to the transport of IT gear and units. Clients can use these credit to fund using Sustainable Aviation Gas (SAF), a gas produced from sustainable feedstocks that helps to cut back GHG emissions.
Lenovo’s Asia Pacific first place rating follows shortly after its #8 rating on Gartner High 25 International Provide Chain for 2023, a rank up from its place in 2022. Lenovo additionally ranked #3 in Gartner 2023 Provide Chain High 25: Excessive Tech Class.
Discover out extra right here: https://www.gartner.com/en/supply-chain/analysis/supply-chain-top-25/asia-pacific-report
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