Software provides adaptive supply chain management.
Press Release Summary:
Supply Web Application (SWA) v4.2 includes adaptive supply chain execution that streamlines user's ability to address supply chain exceptions by enabling collaboration and resolution exceptions through predefined workflows and business rules. Software also offer two-way, wireless, multi-modal communication, data cleansing, and supplier management capabilities. Additional features include: cross-domain event handlers, forecast alerting, and KPI alerting.
Original Press Release:
Latest Viewlocity Release Enables Adaptive Supply Chain Execution
Version 4.2 Demonstrates New Level of Maturity for SCEM Applications
ATLANTA (April 9, 2003) -- Viewlocity, Inc. (OTCBB:VLCY), a provider of supply chain planning and event management applications that power the adaptive supply chain, today announced General Availability of their Supply Web Application (SWA) Version 4.2. This latest release, with groundbreaking features for adaptive supply chain management, clearly demonstrates the company's vanguard position in the industry.
The release includes advanced functionality while maintaining the flexibility and ease of use that Viewlocity's customers have come to rely on for quick implementation and reliable operation. Some of the key new features include:
Adaptive Supply Chain Execution
The Adaptive Execution feature in SWA 4.2 streamlines an organization's ability to address supply chain exceptions by enabling users to collaborate and resolve these exceptions through predefined workflows and business rules. This feature also allows for the routing of supply chain exceptions to community participants for efficient handling and resolution.
In addition to providing a predefined set of industry and business specific work flows, the Adaptive Execution feature also enables users to customize and configure new workflows for the resolution of alerts and exceptions within their own supply chain roles.
Two-Way Wireless Communication
SWA 4.2 further extends the alert notification functionality of earlier versions by providing two-way wireless, multi-modal communication support. This feature enables companies to establish and distribute automated, fully interactive voice and text communications simultaneously through the recipient's wired or wireless device of choice (i.e. Phone, Fax, E-mail, Pager, SMS, WAP phone, PDAs, and other wireless devices), and drive the next action in a preconfigured or custom workflow.
With the wireless multi-modal communication offering, information latency is virtually eliminated, as trading partners are made aware of events and exceptions as they occur and can respond immediately. This enables companies to better manage the generation and routing of critical business information, slashing operating costs, boosting productivity, and increasing competitive advantage.
Data Cleansing
The Data Cleansing feature alleviates end user concerns about the reliability, validity, integrity, and completeness of their data based on primary and secondary (i.e. trading partner) data sources. As records are added, Data Cleansing enables organizations to: apply a validation process that can identify data patterns and discrepancies based on predefined business, sequence, or structure heuristics; manually or automatically resolve data quality and integrity problems; and submit the "clean" data for processing.
The data cleansing feature provides the ability to handle various data formats (i.e. dates, strings) and prepare information for matching through parsing and standardization. With data cleansing, companies manage data more efficiently and realize significantly higher data quality.
Supplier Management
SWA 4.2's Supplier Management feature facilitates the user's ability to capture contract information and compare it to actual supplier performance. In conjunction with event management, Supplier Management enables evaluation of supplier compliance with negotiated contracts and makes the same information available to suppliers.
The feature provides:
-Supplier Scorecards - allowing companies to collect supplier performance information from disparate enterprise systems and create scorecards to measure supplier performance; -Contract and Scorecard Maintenance - allowing companies to maintain contract information, which may include company-specific performance criteria (e.g. service levels, on-time shipments, quality, etc.) along with category weightings, resulting in an overall supplier rating; and -Supplier Performance Management - allowing users to identify and track supplier performance trends.
In addition to the features highlighted above, some additional prominent enhancements available in SWA 4.2 include: cross-domain event handlers, forecast alerting, KPI alerting, and enhanced user interfaces.
According to Mark Johnson, Viewlocity's vice president of product marketing: "The value inherent in this application goes well beyond the boundaries of traditional SCEM. Companies possessing adaptive supply chain execution capabilities fundamentally change the way they plan. With confidence in their ability to quickly and efficiently respond to changing conditions, companies build plans with smaller hedges. This means less inventory, less capacity, and fewer people, which translates into huge cost savings."
About Viewlocity
Viewlocity is a leading provider of adaptive supply chain management applications. These next-generation applications enable companies to operate with more speed, efficiency, and flexibility than ever before. The combination of financially optimized supply chain planning with adaptive execution allows companies to detect and respond to potential problems and opportunities as they occur. Viewlocity's customers experience dramatic improvements in on-time fulfillment, transportation costs, inventory costs, and operations as a result of implementing Viewlocity's software. For more information, call 877.512.8900 or visit our website at www.viewlocity.com.
