Jabil Circuit, a global electronic product solutions company, has licensed the Multistage Inventory Planning & Optimization software solution from SmartOps Corporation of Pittsburgh.
"We selected SmartOps because of its solution capabilities, experience in high-tech, and its Endorsed Business Solution partnership with SAP," says Courtney Ryan, senior vice president of global supply chain for Jabil. "With Smart-Ops, we expect Jabil to drive sustainable inventory reductions while continuing to provide excellent service to its customers," Ryan says.
"Companies such as Jabil are looking for a scalable, automated method of setting optimal inventory targets," says Sridhar Tayur, chief executive officer of SmartOps. "Integrating MIPO to Jabil's existing enterprise systems enhances replenishment processes with less cash tied up in inventory."
SmartOps says that MIPO enables 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 aggressive customer service goals and inherent uncertainties, time-varying data, multi-location and inventory stage complexities. MIPO dynamically generates optimal inventory targets for each stage of the supply chain while providing visibility into each inventory requirement-including safety, cycle, pre-build, pipeline and merchandising stock requirements, by item or stock-keeping unit-to meet desired service levels.
