SmartOps, a provider of supply chain optimization services, has announced that its Enterprise Inventory Planning and Optimization software service has been licensed globally by DuPont.
SmartOps said that the Enterprise Inventory Planning and Optimization (EIO) enables customers to achieve both a return on investment and a long-term advantage by determining the possible inventory and product availability plans given customer service goals, inherent uncertainties, time-varying data, and inventory stage complexities.
SmartOps has also said that the EIO generates optimal inventory targets for each stage of the supply chain while providing item-level visibility into each inventory requirement – including safety, cycle, pre-build, pipeline and merchandising stock requirements – to meet desired service levels.
Sridhar Tayur, CEO of SmartOps, said: Companies such as DuPont are looking for a scalable, analytical system for setting optimal inventory targets. Integrating EIO with existing enterprise systems enhances replenishment processes resulting in less cash tied up in inventory.
SmartOps, provides companies with enterprise-class inventory optimization to manage the uncertainty multistage supply chains to achieve return on investment.
Earlier this year, SmartOps Inventory Planning & Optimization software has been licensed by Eastman Chemical Company, a manufacturer of various chemicals, plastics, and fibers.
