We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sprint Partners With Scopeworker to Digitize Supply Chain
Read MoreHide Full Article
In a concerted move to digitize its supply chain operations and reduce costs, Sprint Corporation (S - Free Report) has collaborated with Scopeworker, a firm that specializes in supply chain management. The digital transformation will likely help the communication services provider to effectively compete with rivals as it prepares itself for the launch of 5G services in the first half of 2019.
Sprint will leverage Scopeworker’s namesake software — an Industry 4.0 Digitized Supply Chain Vendor Management System (DSC VMS) — to digitize its multi-billion-dollar supply chain. The company has performed various trials to study the efficacy of the program and remains convinced of its success as the trials consistently recorded double-digit savings for its procurement department. Sprint aims to replicate this success to automate cost, time and quality efficiencies across the board to improve its network coverage, reliability and speed.
The DSC VMS platform automates engagement between buyers, suppliers and workers through web interactions or apps for an end-to-end supply chain uberization. Industry studies have revealed that Scopeworker’s digitized marketplace yields up to 30% savings in procurement and improves workforce productivity by up to 30% by engaging artificial intelligence (AI) analytics for end-to-end transparency of budget, productivity and real-time management. The various features that can be utilized through this platform include ERP functionality, VMS, live supplier bidding, automated procurement, workforce management and productivity tracking, geo-fencing and live AI analytics.
The supply chain digitization provider is currently developing programs across multiple industries like energy, healthcare and government rapid response management for disaster relief while partnering with the United Nations to automate sustainable global economic growth and higher workforce productivity. Sprint aims to tap this huge potential of the firm for full visibility of all its field-based transactions and track metrics, including cost savings.
With a diligent execution of operational plans, Sprint has outperformed the industry in the last three months with an average loss of 1.4% compared with a decline of 3.8% for the latter.
Whether the digital transformation of the company will enable it to continue outperforming the industry in the long run remains to be seen.
Motorola has an expected long-term earnings growth rate of 8%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 12.1%.
Ubiquiti has an expected long-term earnings growth rate of 18.6%. It has exceeded earnings estimates thrice in the trailing four quarters, with an average of 8.9%.
HealthStream has a long-term earnings growth expectation of 16%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 69.2%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Sprint Partners With Scopeworker to Digitize Supply Chain
In a concerted move to digitize its supply chain operations and reduce costs, Sprint Corporation (S - Free Report) has collaborated with Scopeworker, a firm that specializes in supply chain management. The digital transformation will likely help the communication services provider to effectively compete with rivals as it prepares itself for the launch of 5G services in the first half of 2019.
Sprint will leverage Scopeworker’s namesake software — an Industry 4.0 Digitized Supply Chain Vendor Management System (DSC VMS) — to digitize its multi-billion-dollar supply chain. The company has performed various trials to study the efficacy of the program and remains convinced of its success as the trials consistently recorded double-digit savings for its procurement department. Sprint aims to replicate this success to automate cost, time and quality efficiencies across the board to improve its network coverage, reliability and speed.
The DSC VMS platform automates engagement between buyers, suppliers and workers through web interactions or apps for an end-to-end supply chain uberization. Industry studies have revealed that Scopeworker’s digitized marketplace yields up to 30% savings in procurement and improves workforce productivity by up to 30% by engaging artificial intelligence (AI) analytics for end-to-end transparency of budget, productivity and real-time management. The various features that can be utilized through this platform include ERP functionality, VMS, live supplier bidding, automated procurement, workforce management and productivity tracking, geo-fencing and live AI analytics.
The supply chain digitization provider is currently developing programs across multiple industries like energy, healthcare and government rapid response management for disaster relief while partnering with the United Nations to automate sustainable global economic growth and higher workforce productivity. Sprint aims to tap this huge potential of the firm for full visibility of all its field-based transactions and track metrics, including cost savings.
With a diligent execution of operational plans, Sprint has outperformed the industry in the last three months with an average loss of 1.4% compared with a decline of 3.8% for the latter.
Whether the digital transformation of the company will enable it to continue outperforming the industry in the long run remains to be seen.
Sprint currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the broader industry include Motorola Solutions, Inc. (MSI - Free Report) , Ubiquiti Networks, Inc. and HealthStream, Inc. (HSTM - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Motorola has an expected long-term earnings growth rate of 8%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 12.1%.
Ubiquiti has an expected long-term earnings growth rate of 18.6%. It has exceeded earnings estimates thrice in the trailing four quarters, with an average of 8.9%.
HealthStream has a long-term earnings growth expectation of 16%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 69.2%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>