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Optiant Extends PowerChain Inventory and Architect Software Licensing Agreement with HP
BOSTON (Aug. 30, 2005) -- Optiant, Inc. a leading supply chain inventory optimization provider, today announced the expansion of its global licensing agreement with the Imaging and Printing Group of HP for its PowerChain® Inventory and Architect software.
Optiant's award-winning supply chain solution helps companies optimize global supply chain efficiencies and achieve significant cost savings. Optiant software performs strategic analysis and tactical adjustments to maximize inventory strategies for global supply chains, including internal organization, upstream suppliers and retail customers around the globe.
"Today, manufacturers serving the consumer market are buffeted by unpredictable demand fluctuation and pressure from retailers to deliver 99 percent and higher service levels," said Optiant president and CEO Jonathan Colehower. "HP is defining how companies can break the cycle of holding backup inventory supplies and we're pleased to be a part of the formula for success."
Optiant's PowerChain suite of solutions provides the first holistic view of the supply chain in the emerging supply chain design and management market. It helps manufacturers align their supply chains to meet critical business goals -- increasing profit margins, speeding time-to-market, decreasing costs and improving overall supply chain efficiency for dozens of the world's largest manufacturers, including Gillette, Henkel and Imation.
About Optiant Optiant is a pioneer in the emerging market of supply chain design and optimization. Optiant's flagship software solution, the PowerChain® suite, enables global organizations to design and configure optimal supply chains, solving real-world problems today. PowerChain determines cost-effective inventory placements and integrates supply chain strategy into sourcing and distribution processes for quantifiable results in less than ninety days. Optiant has proven that intelligent inventory policies improve customer service levels and provide rapid ROI by driving out millions of dollars of associated costs from complex supply chains. Our roster of blue-chip clients, including Global 1000 discrete manufacturers, utilizes Optiant's expertise to design competitive supply chains and innovative inventory policies. PowerChain solutions are built on patent-pending optimization technology based on more than ten years of leading-edge research and industry partnerships at the Massachusetts Institute of Technology. Optiant is a privately held company headquartered in Boston, Mass., and can be reached at www.optiant.com or (781) 238-8855.
Company Contact:
Rajib Roy
781.238.4122
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Media Contact:
Suzy Watson
312-873-3423
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