Optiant Announces Multi-Echelon Inventory Optimization Enterprise
Agreement With P&G
P&G Selects Optiant's PowerChain(TM) Inventory Tool to Further Enable
Supply Chain Optimization
BOSTON, MA--(Marketwire - October 17, 2007) - Procter & Gamble Co.
(NYSE: PG) has selected Optiant, the premier provider of inventory
planning and optimization solutions, to deliver its multi-echelon
optimization and inventory placement supply chain strategy. Optiant's
award-winning PowerChain(TM) Inventory solution is aimed at helping
P&G meet the specific challenges of today's demand-driven world such
as intense competition, product promotion, innovative new product
introductions, while maintaining high customer service levels.
"With increasing pressure from retailers to manage product
availability on time to meet growing consumer demand, P&G needs a
flexible, well-designed inventory planning and optimization solution
that can cut supply chain costs and provide exceptional insight into
meeting actual demand," said Jonathan Colehower, CEO of Optiant.
"Optiant is thrilled to be working with P&G and with the opportunity
to deepen our relationship with the world's leading consumer products
"At P&G we are continually looking for ways to deliver superior
products to our customers faster and at the greatest value. As we
continue to grow globally, our focus must remain razor sharp on how
to efficiently and excellently manage the shipment and supply of our
300 brands. We are looking forward to our expanded partnership with
Optiant to deliver on our multi-echelon inventory planning and
optimization goals," said Barry Jacobson, P&G's Global Supply
Planning Process Owner.
The only inventory planning and optimization solutions provider to
offer advanced multi-echelon capabilities, Optiant's robust
PowerChain Suite is targeted to help P&G streamline inventory targets
across its diverse product lines.
"P&G works with thousands of retailers all around the globe,
manufacturing and shipping millions of cases of product on any given
day from hundreds of different production locations. The
multi-echelon approach gives us end-to-end visibility into our supply
network to ensure we make informed inventory recommendations and
deliver products both efficiently and with quality," said Aron
Olegnowicz, P&G's Director of Global Supply Network Solutions.
Optiant's PowerChain Suite, a Powered by SAP NetWeaver(TM) certified
solution, drives critical optimization strategies by pinpointing
correct inventory configurations that can adapt to fluctuating demand
quickly and easily.
"The advancements in Optiant's PowerChain Suite for Consumer Products
provide a powerful solution for industry-leading consumer good
companies," said Jonathan Colehower. "Optiant's proven success in
this market demonstrates our dedication to building efficient and
agile supply chains with the world's most successful companies."
Optiant, a premier provider of supply chain network design, inventory
optimization, and supply chain business intelligence solutions, helps
Global 2000 companies optimize bottom-line performance through the
creation of the world's most responsive and resilient supply chains.
Optiant's solutions optimally balance resources, total costs, and
customer service across the supply chain to deliver greater
profitability, increased customer satisfaction, more efficient use of
capital, and a resilient supply chain that fully handles uncertainty
in supply and demand. Optiant has transformed supply chains for the
world's leading manufacturers including Black & Decker, Henkel, HP,
IKEA, Imation, Intel, Kraft, Microsoft and Sonoco.
Delivering millions of dollars in returns, Optiant's industry-focused
solution, certified for integration by SAP, generates quantifiable
business results within 90 days of implementation. Optiant's
solutions are based on award-winning research from MIT and decades of
experience dedicated to the identification and realization of supply
chain efficiencies. For more information, please visit
About Procter & Gamble (NYSE: PG)
Three billion times a day, P&G brands touch the lives of people
around the world. The company has one of the strongest portfolios of
trusted, quality, leadership brands, including Pampers®, Tide®,
Ariel®, Always®, Whisper®, Pantene®, Mach3®, Bounty®, Dawn®, Gain®,
Pringles®, Folgers®, Charmin®, Downy®, Lenor®, Iams®, Crest®,
Oral-B®, Actonel®, Duracell®, Olay®, Head & Shoulders®, Wella®,
Gillette®, and Braun®. The P&G community consists of 138,000
employees working in over 80 countries worldwide. Please visit
http://www.pg.com for the latest news and in-depth information about
P&G and its brands.
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