Award recognizes Arkieva for Momentive Inventory Optimization Project
WILMINGTON, DE – June 2, 2015 – Arkieva (arkieva.com), the designer and provider of the Arkieva suite of Advanced Planning and Scheduling (APS) software tools for manufacturing companies, announced today that they have been selected as part of the 2015 Supply & Demand Chain Executive 100 Great Supply Chain Projects.
The 2015 Supply & Demand Chain Executive 100 are supply chain solution and service providers helping their customers and clients achieve supply chain excellence. They have produced measurable gains in ROI through cost-cutting and increased efficiency, whether in warehouse, transportation, procurement sourcing or any other category in the end-to-end supply chain.
The Arkieva project selected by Supply & Demand Chain Executive was designed to reduce inventory while maintaining customer service levels. The solution created consisted of a multi-echelon approach of safety stock calculation and the ability to properly understand make-to-order and protect bottle neck materials from stock outs.
“The project was a complete success. The result was a 5.9 million dollar (24%) decrease in safety stock settings which ultimately led to an 8.5 million dollar total inventory decrease and service levels to our customers were not affected,” said William Duty, director of supply chain center of excellence at Momentive. “Another key benefit of working with Arkieva was that better process education was developed.”
More than 200 projects were submitted for the 2015 Supply & Demand Chain Executive 100 and the submissions were evaluated by the magazine’s editorial staff primarily based on: ambitiousness/scope of the project (30 percent); creative application of technologies/solutions/services used (20 percent); extent of the business results/impact (40 percent); clarity of submission (10 percent).
“We are honored to receive this recognition from Supply & Demand Chain Executive, “said Sujit Singh, chief operation officer of Arkieva. “Helping our clients succeed, whether it’s through maintaining inventory levels, balancing supply and demand or achieving the maximum ROI, is a fundamental aspect of our company culture.”
To learn more about Arkieva and our inventory optimization project please contact firstname.lastname@example.org.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web: www.SDCExec.com.
Arkieva, founded in 1993, is the developer of Arkieva software solutions for global manufacturing supply chains. With headquarters in Wilmington, Delaware, USA, and offices in Antwerp, Belgium, and, Mangalore, India. Arkieva is positioned to support multinational businesses around the world. Arkieva products enhance productivity and reduce operating costs in the supply chain, providing the full range of features necessary for effective Sales and Operations Planning (S&OP). Such major corporations as Corning, Sunsweet, Certis, Momentive and AkzoNobel use Arkieva solutions. For more information, visit arkieva.com.