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SmartOps Multistage Inventory Planning & Optimization Software Application Licensed by HP in Latin America

SmartOps Multistage Inventory Planning & Optimization Software Application Licensed by HP in Latin America

PITTSBURGH, March 4 /PRNewswire/ -- SmartOps Corporation, a leading provider of enterprise-class supply chain optimization software solutions, today announced that its SmartOps Multistage Inventory Planning & Optimization (MIPO(TM)) software solution has been licensed by HP for use by its Imaging and Personal Systems Group in Latin America.

"Technology solutions companies are taking supply chain planning and execution to the next level," said Dr. Sridhar Tayur, CEO and founder of SmartOps. "Many of our customers are adding MIPO to their existing SAP and SAP APO systems to support a more robust business architecture for supply chain planning."

MIPO 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 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 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 SmartOps:

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

CONTACT: Martin Barkman of SmartOps Corporation, +1-412-231-0115,
ext. 111, or [email protected] ; or Enrique Valenzuela of Hewlett Packard
IPG Latin America, +011 52 333 669 9446, or [email protected]

Web site: http://www.smartops.com/

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