The Supply Chain Matters blog features our November 1, 2019 Edition of This Week in Supply Chain Management Tech, a brief synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership.
Included in this edition are highlights related to noteworthy announcements and/or developments related to:
Workforce Logiq and ENGAGE Talent
Workforce Logiq Acquires ENGAGE Talent
Workforce Logiq, a provider of workforce management software and services to large corporations, announced the acquisition of predictive analytics and AI software company ENGAGE Talent. Both are private companies and no financial terms were disclosed. Workforce Logiq is owned by global investment firm The Carlyle Group.
According the announcement, the acquisition will equip Workforce Logiq customers with proprietary benchmarks and real-time intelligence to find, engage, hire, and retain the top candidates in the market faster and more affordably than ever before.
“Employers want an edge in hiring and retaining the best talent. In today’s hyper-competitive market, that requires taking a more proactive and intelligence-based approach to workforce management,” said Jim Burke, CEO of Workforce Logiq. “ENGAGE’s data science expertise and proprietary benchmarks provide our customers with an analytical advantage to make better and faster decisions, and a predictive head start to attract and keep the market’s best talent.”
The announcement additionally notes that ENGAGE analytics provides HR and procurement leaders useful, validated, and actionable intelligence to:
Accurately identify and shortlist candidates most willing and likely to engage with recruiters, apply for and accept jobs.
Recommend and prioritize the most effective channels to source for known roles and create future talent pipelines.
Create unique and customized candidate-specific messaging to improve recruitment and retention engagement rates.
Benchmark real-time talent supply and demand analytics, compensation analyses, and industry and competitive profiles, trends, and intelligence.
We would add from our Supply Chain Matters lens that the announcement is yet another example of how artificial intelligence and predictive analytics are being leveraged to help solve key business challenges, not the least of which has been the recruitment and retention of supply chain and product management focused talent.
Avetta Names New CEO to Drive Next Stage of Growth
Avetta, a provider of Cloud-based supply chain risk management technology and services, announced that its Board of Directors has appointed Arshad Matin as President and Chief Executive Officer, effective immediately. Mr. Matin will further become a member of the Company’s Board of Directors.
Mr. Matin succeeds John Herr, who is stepping down as CEO. Mr. Herr will serve as a strategic advisor to the Board to ensure a smooth transition of leadership. Mr. Matin will join the Board of Directors alongside representatives from majority investor Welsh, Carson, Anderson & Stowe as well as Technology Crossover Ventures and Norwest Venture Partners.
Mr. Matin brings to Avetta deep experience in successfully leading high-technology and software companies over the past 25 years. Recently, he served as President, Chief Executive Officer and Board member of Paradigm Ltd., a leading developer of software solutions to the global oil and gas industry. Previously, he held senior leadership roles at companies including IHS Markit, Seismic Micro-Technology, Symantec Corporation and BindView Corporation. For nine years, Mr. Matin was a Partner with McKinsey & Company where he served clients across industries on technology, organization and strategy related issues.
ROVA Introduces On-Demand Delivery Platform for Independent Contractor Couriers
ROVA, an on-demand delivery platform, has officially launched in the Boston market. The platform is described as a new and unique technology, accessible by web and by app, which founder and entrepreneur Thomas McGrath believes will disrupt (and significantly improve!) the current means by which packages are delivered. The ROVA platform provides 24/7 access to independent drivers for on-demand, same day delivery of packages.
McGrath, who early in his career was a courier for a Greater Boston delivery service, has spent years protecting the rights of independent contractor couriers; he built an earlier and very successful business doing precisely that. He has created this platform based on his experiences and industry knowledge and sees it as the answer for businesses and organizations who need packages delivered quickly and affordably.
The ROVA process model provides insurance, full transparency, real-time updates, payments and tracking at the customer’s fingertips, and is designed with the drivers in mind. Customers seeking deliveries can access the platform for a nominal fee, $5, and will then pay a very competitive price for a quick, trackable, delivery of a package anywhere in the U.S. where ROVA has drivers on its platform. The drivers who are registered on the platform reportedly keep 100 percent of the delivery fee.
Prior to the Boston launch, McGrath beta tested the program in Cincinnati, New Orleans, Atlanta and San Francisco.
This concludes our latest edition of This Week in Supply Chain Management Tech.
An Added Note to Readers– Supply Chain Matters will feature our This Week in Supply Chain Tech highlight series periodically as announcements warrant.
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