Elisa Industriq’s software solutions pave the way toward the future of smart industry and enhanced competitiveness
Elisa Industriq Finland, the theme partner of the Subcontracting Fair, is offering intelligent services for planning and managing the entire supply chain from material procurement to the delivery of the final product. Their smart software solutions generate significant financial, productivity, and sustainability benefits by streamlining supply chains.
Backed by two decades of experience in supply chain operations planning, as well as the development of internal logistics and production control, Elisa Industriq now serves some of Finland’s largest prime contractors and the companies within their subcontracting chains.
Continuity in the chain is essential
The old saying is especially true in subcontracting industry: a chain is only as strong as its weakest link. If there are delays in material deliveries or issues with end-customer transportation, the entire supply chain feels the impact.
“Recent global uncertainties such as the war in Ukraine, material shortages, and most recently, changes related to customs procedures are toxic to supply chains, as all these fluctuations undermine predictability,” explains CEO Ville Keskinen.
The best way to protect against global volatility is to maximize the responsiveness of the supply chain. With Elisa Industriq’s software solutions, various sales and production scenarios can be simulated to provide data-driven insights that support better decision-making.
“Thanks to intelligent solutions, potential issues in different stages of the supply chain can be addressed before they even arise,” Keskinen assures.
Lumi accelerates decision-making and optimizes the supply chain
The software now includes an AI-powered virtual manager called Lumi, designed to support supply chain management and decision-making. Lumi understands the demands of modern supply chains, boosts productivity through targeted information, and enables faster, well-founded decisions in daily business operations.
It responds to questions in natural language, analyzes historical and real-time data, detects anomalies, and uses machine learning to forecast demand. Lumi suggests optimizations to avoid delivery disruptions and supports real-time “what-if” scenario planning.
Additionally, Lumi automates repetitive tasks and enhances productivity. It can be used in two ways: to provide information (e.g., about inventory levels) and to provide proactive support by analyzing processes and identifying irregularities. In this way, Lumi supports the entire supply chain planning process.
“Lumi is the start of an new era in production planning and it helps moving toward operational management based on multiple simultaneous data points,” says Elisa Industriq Finland’s CEO Ville Keskinen. “Lumi helps companies react faster to changes, identify bottlenecks early, and make the entire supply chain more reliable.”
Tools for efficiency and production optimization
Elisa Industriq’s services are modular, making them easy to purchase and implement.
“Typically, a customer approaches us with a specific problem, and we have a solution in our portfolio. The customer doesn’t need to invest in full-scale supply chain management right away. We can start by developing just one area,” Keskinen explains.
The software is designed to avoid the need for heavy IT projects. Instead implementation involves mostly user training.
For companies striving for competitiveness through sustainability, Elisa Industriq offers transparency across the entire supply chain. ESG reporting for different process phases is easy and accurate. An optimized supply chain also becomes more understandable and meaningful for employees to follow, leading to lower production costs and enhanced competitiveness.
Meaningful encounters at the Subcontracting Fair
The Subcontracting Fair plays an important role in Elisa Industriq’s search for new clients and in strengthening existing relationships. The fair also serves as a fertile ground for new innovations.
“The Subcontracting Fair is an excellent forum for showcasing products and services, and it’s a great opportunity for listening, learning and networking,” summarizes Keskinen.