ARMONK, N.Y., May 22, 2013 /PRNewswire/ -- IBM (NYSE: IBM) today announced a four-year contract with CEVA Logistics to accelerate business delivery results for its customers through a new cloud-based information exchange for its supply network. This solution is a combination of CEVA's technology and an element of IBM's growing SmartCloud portfolio for specific lines of business such as supply chain.
By improving the quality of information shared across its customers' supply chain networks, CEVA speeds material and information flow to reduce costs and improve customer service. CEVA estimates the IBM and CEVA solution will help the company reduce IT-related supply chain costs by upwards of five percent over the course of the four-year contract, resulting in potentially several million dollars in savings that can be directed toward developing new supply chain offerings for customers.
CEVA is a global supply chain management company serving industry leaders in the automotive, consumer, retail, healthcare, pharmaceutical, industrial, and technology sectors. Through its Smarter Commerce initiative, IBM is helping CEVA streamline its customers' supply chain and logistics processes with technologies that makes it easier to access, share, and process information in real time.Built on IBM's leading cloud B2B integration service and the company's CEVA Matrix Connect, the new cloud service delivers a competitive advantage for CEVA's customers by enabling them to quickly and efficiently respond to market and customer changes. Benefits include:
- Reduction in operational and development costs
- Easy migration of existing business-to-business (B2B) activity to new cloud solution
- Rapid customer onboarding to accommodate growth trends
- Ability to rapidly scale at predetermined costs as business and volumes increase