How Jabil & Cyferd Will Transform Global Procurement
Jabil, a global leader in engineering, manufacturing and supply chain solutions, announced ID8 Global, a joint venture with Cyferd Inc., a pioneering AI company specialising in data technology.
The duo is introducing a generative AI (Gen AI)-driven, autonomous supply chain and procurement software platform to transform how industries manage complex logistics, procurement and operations globally.
The joint venture between Cyferd and a Jabil subsidiary marks the beginning of a new era for AI-driven procurement and supply chain transformation.
"Through this joint venture, we're driving smarter, more sustainable decision-making workflows across the supply chain ecosystem and building the foundation for autonomous, resilient supply chain management."
Jabil's extensive experience across the global supply chain, along with Cyferd's advanced platform capabilities, proprietary self-learning AI engine, Neural Genesis and ID8 Global's customisable software solution, presents a unique value proposition for supply chain and procurement practitioners within any organisation.
Optimise procurement processes
The platform is set to allow teams to autonomously manage their complex, multi-tiered supply chains with exceptional speed and precision.
Companies can then proactively address disruptions, optimise procurement processes and respond to market changes in real time – a key competitive advantage in an increasingly disrupted world.
"By merging Jabil's industry expertise with Cyferd's cutting-edge AI capabilities, we're not just improving the supply chain; we're reimagining it," adds Frank McKay, Chief Procurement and Supply Chain Officer at Jabil.
"This platform will help organisations scale faster and adapt to global demands. We're at the forefront of something truly transformative that will strengthen Jabil's relationships with its customers and suppliers."
The platform and the joint venture officially debuted at Electronica, held at the Trade Fair Centre Messe München in Munich, Germany.
Creating dramatic efficiencies in digital transformation
Cyferd is a global leader in artificial intelligence, unifying complex data systems to bring intelligence and autonomy to modern enterprises. Through AI-driven solutions, Cyferd empowers organisations to achieve operational efficiency and data-driven transformation across industries.
"Our alliance with Jabil through this joint venture redefines what's possible in supply chain and procurement management," says Ranjit Bahia, CEO at Cyferd.
"With Cyferd's self-learning engine, which can create AI agents and applications in minutes, we're creating dramatic efficiencies in digital transformation and seamless data integration within organisations. Paired with Jabil's unparalleled knowledge and decades of expertise, we're creating one of the most advanced self-learning platforms on the planet. This is a leap forward for flexible, proactive supply chain operations."
Make sure you check out the latest edition of Procurement Magazine and also sign up to our global conference series - Procurement & Supply Chain
Procurement Magazine is a BizClik brand
