Quintiq solution chosen for supply chain optimization
RADNOR, Pa., Feb. 15, 2012 /CNW/ - Today Quintiq, Inc. announced that Wal-Mart Stores, Inc. (NYSE: WMT) has selected Quintiq to provide a next-generation load assignment and dispatch system designed to lower the total miles driven and improve the efficiency of the retailer's U.S. fleet.
Victor Allis, CEO of Quintiq says: "We are delighted with Walmart's choice of Quintiq. We believe this demonstrates that no supply chain is too large or complex for our state-of-the-art Supply Chain Optimization software."
The Quintiq Software, configured for the retail and distribution industry, is used to support the Logistics Load Managers at Walmart with assigning loads to driver-truck combinations to create optimal sets of trips, and to dispatch those trips through an On-Board Computer to the driver. Based on real-time updates from the driver's on-board computer, Quintiq's optimization engine continuously re-optimizes the sequence of trips and provides recommendations to Logistics Load Managers through its user interface.
Quintiq software is based on a revolutionary in-memory technology that provides direct feedback to the end-user and allows for increased visibility of a retail supply chain. Fast system feedback to end users is necessary, especially in a logistical environment where decisions need to be made within seconds. The in-memory technology allows for users to evaluate the impact of their individual decisions on the overall performance indicators in a real-time environment.
Quintiq provides advanced employee & resource scheduling along with supply chain optimization software solutions. This fast-growing company, established in 1997, offers and implements software for planning and optimizing complex business processes throughout the enterprise. The company's worldwide headquarters are located in The Netherlands and the USA with subsidiaries in Australia, China, Finland, Germany, Italy, Malaysia, Switzerland and the United Kingdom. Quintiq systems are implemented in 76 countries worldwide. More at www.quintiq.com or follow us on Twitter: #quintiq
For further information:
David Kenneson, Vice President, Sales and Marketing, Quintiq, +1-610-964-8111, [email protected]