Bayer MaterialScience LLC Purchases The SmartOps Multistage Inventory Planning & Optimization (MIPO(TM)) Software Application
PITTSBURGH, Sept. 14 /PRNewswire/ -- Bayer MaterialScience LLC, a subsidiary of Bayer Corporation, and SmartOps Corporation, the leading provider of enterprise-class supply chain optimization software solutions, today announced that Bayer has purchased a license for the SmartOps Multistage Inventory Planning & Optimization (MIPO(TM)) software solution.
"Integrating inventory optimization software into our daily operations is one way by which we plan to meet our goal of improving supply chain efficiencies while achieving customer requirements throughout our products' life cycles," said John Houston, Bayer MaterialScience Senior Vice President for the North American Regional Service Center. He further noted that, "These types of process and technology improvements are designed to achieve a high level of supply chain excellence and bring significant value to Bayer MaterialScience."
"The decision of Bayer MaterialScience LLC is a good example of how chemical companies are taking supply chain planning and execution to the next level," said Dr. Sridhar Tayur, CEO and founder of SmartOps. "By adding MIPO(TM) to their existing systems, Bayer joins our list of customers that are using SAP and SAP APO for supply chain planning," he continued.
MIPO(TM) is designed to enable customers to achieve both a rapid return on investment and a long-term competitive advantage by determining the best possible inventory and product availability plans given inherent uncertainties, time-varying data, multi-location and inventory stage complexities, and aggressive customer service goals. MIPO(TM) dynamically aims to generate optimal inventory targets for each stage of the supply chain, while providing visibility into each reason inventory is needed -- including safety, cycle, pre-build, pipeline and merchandising stock requirements, by item or stock-keeping unit (SKU) -- to meet desired service levels.
MIPO(TM) 3.2's optimized inventory targets serve as critical inputs into Enterprise Resource Planning and Advanced Planning & Scheduling systems so they function efficiently, delivering better intelligence for inventory planning and execution.
About Bayer Corporation:
Bayer Corporation, headquartered in Pittsburgh, is part of the worldwide Bayer Group, an international health care, nutrition and innovative materials group based in Leverkusen, Germany. Bayer employs 23,300 in North America with net North American sales of 8.8 billion euros in 2003. Bayer's three operating business areas -- HealthCare, CropScience and MaterialScience -- improve people's lives through a broad range of essential products that help diagnose and treat diseases, protect crops and advance automobile safety and durability.
SmartOps is the market leader in enterprise-class supply chain optimization solutions that feature end-to-end capabilities designed to enable both rapid return on investment and long term, sustainable value across the supply chain. Based on academic advancements in supply chain modeling and algorithms, SmartOps' suite of inventory and replenishment optimization solutions offers companies the ability to improve critical key planning targets in the presence of multi-stage complexities, inherent supply and demand uncertainties, and the need for frequent, dynamic decision support. SmartOps' offerings have resulted in operating revenue growth and significant supply chain savings at Fortune 500 and Global 500 companies in the heavy automotive, consumer durables and packaged goods, technology, pharmaceutical manufacturing, distribution, and retail industries. For additional information, contact SmartOps at 412-231-0115 or http://www.smartops.com/SmartOps Corporation; Bayer MaterialScience LLC
CONTACT: Martin Barkman, VP of Sales Operations of SmartOps Corporation,+1-412-231-0115, Ext. 111, or firstname.lastname@example.org ; or Kit Newton of BayerCorporation, +1-412-777-5200, or email@example.com
Web site: http://www.smartops.com/