During the recent re:Invent conference, AWS announced the preview of AWS Supply Chain, a new cloud service that improves supply chain visibility and delivers actionable insights to help customers mitigate supply chain risks and lower costs.
With AWS Supply Chain, the company intends to abstract away complexities involving supply chain data. It is the company’s answer to supply chain disruptions caused by the recent pandemic.
AWS CEO Adam Selipsky said during a re:Invent, keynote:
The last few years have highlighted the importance of supply chain resilience; from baby formula shortages to ships circling ports unable to unload, the disruptions have been widespread. Addressing supply chain issues around inventory is especially critical. Businesses need to plan for supply chain disruptions, respond rapidly to ensure the right levels of inventory are available, and keep costs manageable.
AWS Supply Chain offers a real-time visual map feature showing the level and health of inventory in each location, ML-powered insights, and targeted watchlists to alert users to potential risks. In case a risk is uncovered, AWS Supply Chain provides inventory rebalancing recommendations and built-in contextual collaboration tools that make it easier to coordinate across teams to implement solutions.
Source: https://aws.amazon.com/aws-supply-chain/
According to market research firm Gartner, Supply chain management (SCM) is the fastest-growing market in the enterprise application software segment and is estimated to generate sales of $20.24 billion in 2022. With AWS Supply Chain, the company will compete with other offerings such as Microsoft Dynamics 365 Supply Chain Management and Palantir Foundry.
In a Reddit thread, a respondent stated:
I really try to keep myself out of the Palantir echo chamber, but in the last two weeks, both Microsoft and Amazon have stepped into this market, and it’s hard to ignore the position they are putting Foundry in.
Diego Pantoja-Navajas, vice president of AWS Supply Chain, said in a company's press release:
Customers tell us that the undifferentiated heavy lifting required in connecting data between different supply chain solutions has inhibited their ability to quickly see and respond to potential supply chain disruptions. AWS Supply Chain aggregates this data and provides visual, interactive dashboards that provide the insights and recommendations customers need to take action toward more resilient supply chains. And this is just the beginning—we will continue our investment in AWS Supply Chain to help our customers solve their toughest supply chain problems.
Currently, the service in preview is available in the AWS US East (North Virginia), US West (Oregon), and Europe (Frankfurt) regions, with more regions following soon.
Lastly, the service is priced on a pay-as-you-consume model. AWS will charge $0.28 per hour for the first 10GB of storage and services. In addition, $0.25 per GB per month will be charged when storage data exceeds 10GB. The pricing details are available on the pricing page.
