Waybridge provides a digital platform that enhances raw materials supply chain efficiency through real-time trade management and automated inventory updates. The solution addresses issues of stockouts, excess inventory, and fragmented communication, resulting in improved operational resilience and reduced carrying costs for businesses.
Funding
Funding not disclosed
Founders
Product
Problem
Commodity supply chains often suffer from inefficiencies due to fragmented communication, manual inventory updates, and lack of real-time visibility, leading to stockouts, excess inventory, and increased operational risk. This makes it difficult for businesses to optimize resource use, respond quickly to customer needs, and ensure the resilience and compliance of their operations.
Solution
MineHub provides a digital platform that enhances raw materials supply chain efficiency through real-time trade management and automated inventory updates. The platform enables buyers and sellers of commodities to collaborate on all aspects of their term contracts and transactions in one place, providing real-time visibility of shipments across oceans and land, secure exchange of key documents, and notifications of key events. By integrating trade management with automated inventory updates, MineHub helps forecast inventory levels to avoid stockouts, optimize working capital through minimizing excess stock levels, and remove spreadsheets, reconciliation communications, and operational risk of manual updates. The platform also facilitates ESG compliance and emissions accounting, helps navigate trade regulations and sanctions, prevents fraud, and ensures data security.
Target Audience
The primary users are buyers and sellers of commodities, including those in the EV industry, who seek to optimize their supply chains, improve operational resilience, and ensure compliance with ESG and trade regulations.
Features
- Real-time visibility of all shipments across oceans and land, including location and ETA
- Secure exchange of key documents and communications related to transactions
- Automated inventory updates with stock inflows and outflows
- Forecasting of inventory levels to avoid stockouts
- Optimization of working capital through minimizing excess stock levels
- Real-time single version of the truth for each transaction
- Automatic verification of the authenticity of information
- Strong encryption and access control to ensure data security