RADNOR, Pennsylvania, June 13, 2013 /PRNewswire/ --
Dr. Victor Allis unveils strategy to enable business leaders to generate increased profit via optimization and forward planning
Quintiq, a global leader in supply chain planning and optimization (SCP&O), unveiled its provocative and insightful commentary on the importance of a well-functioning supply chain, 'The Missing Piece of the Profit Economy.' Dr. Victor Allis, Quintiq co-founder and CEO delivered the presentation at Gartner's Supply Chain Executive Conference in Phoenix.
'The Missing Piece of the Profit Economy' theorizes that every business has a set of unique and interconnected processes all designed to deliver goods, service, and value to customers with a goal to create profit returns to shareholders. Each business is a unique economy and by optimizing its supply chain, a business can streamline activity and strategize for the future in a way that transaction systems such as enterprise resources planning (ERP) software cannot. Ultimately, supply chain optimization can generate profit from untapped potential, improving a business's bottom line.
During the presentation, Dr. Allis used real-life examples to illustrate how implementing the 'profit economy' mentality can positively impact a business. The examples included a company reducing annual costs by 18 percent and others that have saved millions annually.
"The Missing Piece of the Profit Economy encourages business leaders to look beyond what looks 'good' in their supply chain plans, be it logistics, production or workforce planning, and consider how optimization can generate available but untouched profit," said Dr. Victor Allis. "Modern businesses need to be better at using data to their advantage going forward, not looking backward at what happened. Big data in most use cases today is merely a red herring as it reports on past transaction information. Furthermore, ERP is simply a governor of yesterday's transactions and does not provide the capabilities to plan for an optimal future outcome. Advanced supply chain planning and optimization offers foresight that puts businesses in a winning position. Insight into the future… that's the missing piece."
Quintiq's revolutionary supply chain planning and optimization (SCP&O) platform enables enterprises to improve efficiency at every stage of the supply chain journey. It powers end-to-end planning and optimization of personnel, resources, and processes in a single planning environment, across all planning horizons. Many of the world's largest and most successful enterprises rely on Quintiq to achieve their business goals, strengthen their competitive advantage, and create new revenue streams.
Established in 1997 and growing rapidly, Quintiq has a global presence with dual headquarters in the Netherlands and the USA, a global development center in Malaysia, and offices around the world. Quintiq's software is in use at over 500 locations in 78 countries worldwide.
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