Press Release Summary:
Dynamic Network Optimization (DNO) accommodates uncertainty and incorporates real-time execution flexibility in planning of flows, network structure, and end-to-end inventory needs. It enables customers to plan inventories, product flows, and seasonal logistics strategies in comprehensive manner by providing tactical outputs, smart order consolidation, optimized forward deployment, and merge center locations.
Original Press Release:
SmartOps Releases Dynamic Network Optimization (DNO)
Breakthrough software combines network design, tactical flow planning, and end-to-end inventory needs while accommodating real-time execution flexibility and anticipating uncertainties
PITTSBURGH, Sept. 7 / / -- SmartOps Corporation, the leading provider of enterprise-class supply chain optimization software solutions, announced today the release of Dynamic Network Optimization (DNO) -- the first software tool to accommodate uncertainty and incorporate execution flexibility in the planning of flows, network structure and end-to-end inventory needs.
"We created the enterprise inventory optimization (EIO) market in 2000 by introducing new science to the marketplace inside enterprise-architected software," said Dr. Sridhar Tayur, CEO and founder of SmartOps. Over $13 billion of inventories around the world are under active management using SmartOps' Multistage Inventory Planning and Optimization (MIPO(TM)) software and over $3B in value has been created. "We are seeing this technology become mainstream, driven by a one-year ROI and the creation of sustainable value across many industries."
Recently, SAP, the largest provider of business software, selected SmartOps MIPO as its Endorsed Business Solution (EBS) and EIO has become the number one investment for several industries.
"Ironically, existing tools in Network Design (ND) are based on the 1970's paradigm of deterministic modeling and those vendors have not invested in upgrading the science," continued Tayur. "It is time to elevate that market by bringing in the right science to solve the right problem and DNO does that. We saw several companies struggle attempting to enhance the existing ND tools through ad-hoc IO capability additions, or work with two different antiquated tools from two different vendors. This disjointed approach has failed and it is time to do it right using DNO."
John Deere Commercial & Consumer Equipment Division is among the first to reap the benefits of this approach. "The Commercial & Consumer Equipment Division of Deere has saved approximately 5% in logistics costs per year while improving our responsiveness to the dealers," said Loren Troyer, Director of Order Fulfillment.
DNO enables customers to plan their inventories, product flows and seasonal logistics strategies in a comprehensive manner by providing tactical outputs that drive efficient replenishment, smart order consolidation, optimized forward deployment and merge center locations by incorporating uncertainty and taking advantage of inherent execution flexibility in existing systems.
SmartOps, the market leader in enterprise-class inventory optimization solutions, enables companies to more effectively manage the uncertainty of complex, multistage supply chains to achieve rapid return on investment and long-term, sustainable value. Deploying SmartOps' practical and powerful solutions has dramatically improved critical, key planning targets leading to reduced working capital and increased profitability at Fortune 500 and Global
500 companies in heavy automotive, consumer durables and packaged goods, technology, pharmaceutical manufacturing, distribution, and retail industries.
Contact SmartOps at 412-231-0115 or www.smartops.com/ for more information.
Source: SmartOps Corporation
CONTACT: Martin Barkman, Senior Vice President of SmartOps Corporation,
Web site: www.smartops.com/