TNT Logistics will use Optiant's PowerChain suite to help its customers design supply chains with "intelligent inventory" policies and that can save millions in landed inventory costs.
"Today's supply chains are as much about right-sizing inventory levels and the logical positioning of products throughout the network, as they are about the ability to move materials effectively between multiple trading partners," says Keith Goldsmith, vice president of technology for TNT Logistics. "Optiant's PowerChain suite enhances our ability to help customers further reduce their costs by modeling product flows from raw material states all the way through the final points of consumption. This will help our customers eliminate waste from their operations, a major leap forward in the quest for operational excellence."
PowerChain determines cost-effective inventory placements and integrates supply chain strategy into sourcing and distribution processes for quantifiable results in fewer than 90 days, says Jonathan Colehower, president and CEO of Boston-based Optiant. He says that TNT customers in such key vertical markets as automotive, industrial manufacturing, consumer goods, utilities, rail, and tires are expected to tap into PowerChain to align their supply chains.
"We're extremely pleased to join forces with TNT and bring a new level of value and strategic advantage through superior supply chain design to its global customers," Colehower says.
Visit www.optiant.com for more on "intelligent inventory policies" and www.tntlogistics.us for more on the 3PL and its services.