Product category:
CAM, CNC and production management software
News Release from: Aspen Technology
Edited by the Engineeringtalk Editorial
Team on 10 March 2004
Supply chain software for the process
industries
Aspen Technology has been recognised as the number-one supplier of supply chain planning and collaboration software and services to the process industries in a report by ARC Advisory Group
Aspen Technology has been recognised as the number-one supplier of supply chain planning and collaboration software and services to the process industries in a report by the leading industry analysts ARC Advisory Group The results were published in a global outlook study by ARC (Supply Chain Planning and Collaboration Worldwide Outlook - Market Analysis and Forecast through 2008, published 2003), which examined the marketplace for software solutions including manufacturing planning and scheduling, demand planning, inventory and material management, and order promise and fulfilment
This article was originally published on Engineeringtalk on 19 Feb 2001 at 8.00am (UK)
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"AspenTech has shown consistent penetration into the global process industries through the development of innovative supply chain solutions targeted at the complex needs of process companies," said Sid Snitkin, vice president enterprise applications of ARC Advisory Group.
"Its solutions are the result of close collaboration between internal domain experts and leading process manufacturers, and have been successfully applied in a broad range of industry segments.
"The company has implemented some of the largest supply chain initiatives in the process industries, including a number of global multi-site projects".
AspenTech has developed industry-specific supply chain optimisation solutions for over 20 years.
Hundreds of leading process manufacturing companies are realising millions of dollars in sustained annual benefit due to cost reduction and avoidance, inventory savings, improved customer service, and increased capacity.
AspenTech continues to focus on minimising total cost of ownership throughout the lifecycle of a project, resulting in solutions that consistently deliver outstanding return on investment.
"In today's dynamic business environment, there are significant opportunities for global process manufacturers to improve the performance of their supply chains," said Steve Pringle, senior vice president of AspenTech's manufacturing/supply chain business unit.
"AspenTech has continued to develop innovative, high-value supply chain products for our customers, and we are committed to maintaining that investment in the future.
"Our latest vertical industry solutions allow process companies to realise the benefits of demand-driven supply networks, enabling them to respond more quickly to their customers and to maximise the efficiency of their operations".
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