BOSTON and DEARBORN, Mich., (March 25, 2003) -- Optiant, Inc. and Production Modeling Corporation (PMC) today announced a new partnership that will help F1000 manufacturers leverage the supply chain to mitigate the risks of global uncertainty and consumer fickleness. The agreement combines award-winning optimization technology with industry-specific supply chain expertise, delivering strategic inventory solutions to markets that can be hit hard by sudden and extensive disruptions in the flow of materials.
Strategic inventory management is among the highest priorities for PMC's customers, which include some of the world's premier automotive and heavy equipment manufacturers. These industry heavyweights, including the Big Three automakers, leverage PMC's solutions and consulting expertise to help them optimize extremely complex global supply chains.
Under the agreement, PMC's consultants will use Optiant's PowerChain™ software to evaluate customers' current supplier relationships, inventory levels and service agreements and identify ways to reduce inventory-related costs. In addition, PMC will resell PowerChain to its customers, enhancing and rounding out its comprehensive offering of supply chain management technology.
"Today's market instability is causing major disruptions in supply and demand that can no longer be solved with yesterday's just-in-time inventory strategies," said Onur Ulgen, President of Production Modeling Corporation, based in Detroit. "Optiant's solution raises the bar on strategic inventory management and lets us help our customers create flexible strategies that turn fluctuations into opportunities."
PMC helps leading F1000 manufacturers improve productivity with consulting services, technology solutions that address simulation, scheduling, supply chain optimization, software development and lean manufacturing techniques. Beyond the company's extensive automotive expertise, PMC also provides services and technology solutions for leading aerospace, appliances, consumer products, food and healthcare companies.
"For the world's largest manufacturers, inventory represents hundreds of millions of dollars in tied-up capital," said Mike Braatz, vice president of business development for Boston-based Optiant. "We're excited by the opportunity to expand PMC's outstanding reputation for delivering solutions that help these companies unlock that capital and succeed with superior supply chain performance."
Optiant 's innovative software gives manufacturers an intutive web-based application to evaluate the impact of decisions made at all stages of the product delivery process and make the right choices about how much inventory to hold and where to hold it. By tying these decisions to broader business issues such as cost, time-to-market and customer satisfaction, Optiant's PowerChain helps manufacturers to build world-class supply chains that drive competitive advantage and improve financial performance.