Aspen Technology Enhances Demand Management Solution With Advanced Analytical Components From SPSS Inc.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--May 13, 2002 Integration of predictive analytical components enhances forecasting in real-time supply chain management solution SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance. Enabling Technologies (SPSS ETD ETD abbr. estimated time of departure Noun 1. ETD - a system for screening luggage in airports; an agent passes a swab around or inside luggage and then runs the swab through a machine that can detect trace amounts of ), the division of SPSS Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SPSS) devoted to providing the company's technology to partners through OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreements, announced today that Aspen Technology Aspen Technology (NASDAQ: AZPN) provides software and professional services to the manufacturing and process industries which allows companies to model, manage, and control their operations. AspenTech was founded in 1981 by MIT professor Dr. Inc. (Aspen aspen, in botany aspen: see willow. Aspen, city, United States Aspen (ăs`pən), city (1990 pop. 5,049), alt. 7,850 ft (2,390 m), seat of Pitkin co., S central Colo. Tech) has embedded Inserted into. See embedded system. time-series analytical components from SPSS Inc. into its Aspen Demand Manager(TM) supply chain solution. With this development, AspenTech will provide its process industry customers with more accurate and effective forecasting, essential to more profitable supply chain management and demand planning. "By seamlessly integrating proven SPSS components into our platform, we are helping our customers to create more value with our products, enabling rapid deployment of advanced forecasting capabilities," said Joe Faccenda, vice president of Supply Chain Business, Aspen Technology. "We selected time series forecasting components from SPSS Inc. to embed em·bed also im·bed v. em·bed·ded, em·bed·ding, em·beds v.tr. 1. To fix firmly in a surrounding mass: embed a post in concrete; fossils embedded in shale. into our solution based on their market leadership in analytics and predictive intelligence, along with the expertise they demonstrated through their development and technical support teams." Based on SPSS Inc.'s breadth and depth of technology and expertise in predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. , the SPSS time series component handles a multitude of forecasting needs, by applying sophisticated statistical and data mining techniques. This component is part of a library of self-contained analytical components, available from SPSS Inc that allow independent software vendors (ISVs) to quickly build seamless analytical applications that analyze data to measure, predict and optimize optimize - optimisation business performance. As a result, ISVs quickly improve the analytical capabilities of their applications with a significant reduction in development time and costs, faster time to market and lower risk. End-users of the combined solution also benefit from the reliable, accurate results of sophisticated analytics without the need for technical knowledge of data mining or statistical analysis. "By utilizing leading time series forecasting technology from SPSS Inc., AspenTech can offer its customers expanded forecasting algorithms and methods, while realizing greater processing efficiencies," said David Blyer, president of SPSS ETD. "Because we are providing embeddable components, AspenTech has quickly and easily integrated the forecasting algorithms directly into Aspen Demand Manager(TM), maintaining its own user interfaces and output methodologies." The Aspen Demand Manager(TM) application is a key product within AspenTech's suite of supply chain solutions. Aspen Demand Manager(TM) accurately translates historical demand patterns into future forecasts aggregated to any brand, family, or other grouping required by the users. The solution emphasizes collaborative planning of demands to maximize service while minimizing inventory investment. The AspenTech supply chain solution supports an end-to-end Sales and Operations planning process that takes the unconstrained demand forecast, manufacturing and transportation costs and constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. as input, and produces optimized production and distribution plans as output. Aspen Demand Manager(TM) including the SPSS Inc. analytical components is currently available. The installed base can upgrade to the new version, provided they are currently under active maintenance with AspenTech. About SPSS ETD SPSS Enabling Technologies (SPSS ETD), a division of SPSS Inc. (Nasdaq: SPSS), provides leading solution providers with the full spectrum of proven SPSS Inc. analytical and predictive technologies, which can be delivered in a diversity of ways: from specific components to custom-built analytical solutions, seamlessly integrated into their applications. Through a robust OEM partnering strategy, SPSS ETD provides a comprehensive partner support program that includes consulting, sales, marketing, training and technical services for ensured success. For more information about SPSS ETD and partnering opportunities, please visit www.spssetd.com. About SPSS Inc. SPSS Inc. (Nasdaq: SPSS) headquartered in Chicago, IL, USA, is a multinational computer software company providing technology that transforms data into insight through the use of predictive analytics and other data mining techniques. The company's solutions and products enable organizations to manage the future by learning from the past, understanding the present, as well as predicting potential problems and opportunities. For more information, visit www.spss.com. About AspenTech Aspen Technology, Inc. is a leading supplier of integrated software Separate software components or applications that have been combined into one package. See integrated software package. and solutions to the process industries. The company's Aspen ProfitAdvantage(TM) solution enables companies to identify and maximize profit opportunities throughout their entire value chain -- from the supply of raw materials, through the production of goods, to the delivery of final products to customers. The Aspen ProfitAdvantage solution encompasses engineering, manufacturing, supply chain and e-business collaboration technologies, providing the tools that enable manufacturers to design, optimize and execute business processes in real time. Over 1,200 leading process companies already rely on AspenTech's 21 years of process industry experience to increase revenues, reduce costs and improve capital efficiency. AspenTech's customers include: Air Liquide
BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , BP, ChevronTexaco, Dow Chemical, DuPont, ExxonMobil, GlaxoSmithKline, Lyondell Equistar, Merck, Mitsubishi Chemical, and Unilever. For more information, visit http://www.aspentech.com. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion