Aspen Technology Selected by Cabot Corp. to Enhance Its Global Supply Chain Systems.$2.6 Billion Specialty Chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and Materials Company Expanding Use of aspenONE into Supply Chain and Plant Operations BURLINGTON, Mass. -- 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. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AZPN.PK), today announced that Cabot Corporation Cabot Corporation is a specialty chemicals and performance materials company. It operates in four segments: the Carbon Black Business, the Metal Oxides Business, the Supermetals Business, and the Specialty Fluids Business. Cabot's headquarters is located in Boston, Massachusetts. (NYSE NYSE See: New York Stock Exchange :CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. ), a leading global specialty chemicals and materials company, selected AspenTech's aspenONE software to improve its scheduling applications. Cabot is expanding its use of the aspenONE Manufacturing suite to include aspenONE Supply Chain to help drive the company's strategic initiatives in streamlining supply chain processes, improve customer responsiveness, lower inventory and improve manufacturing productivity. By using AspenTech's aspenONE supply chain solution, Cabot and other aspenONE customers are better equipped to predict and respond to customer demands, economically plan across global assets and optimize production. Additionally, customers using this aspenONE suite can support dynamic scheduling using the tight integration between manufacturing and supply chain processes to provide real-time input for plan versus actual management. The aspenONE integrated suite of Supply Chain applications dramatically improves the supply chain business processes of Collaborative Demand Management, Supply Chain Planning and Production Scheduling. aspenONE also helps companies meet business challenges by improving operational performance, reliability and profitability through real-time access and visibility to production information. AspenTech's flexible license agreement will allow Cabot to control how aspenONE applications are deployed across the enterprise as their business needs evolve. "This expanded license agreement with Cabot Corporation demonstrates the strong relationship between our two companies, and highlights the unique value that aspenONE's integrated manufacturing and supply chain solution delivers," said Antonio Pietri, executive vice president, AspenTech. "The improvements in customer service, working capital and manufacturing productivity provided by the integrated aspenONE solution make it easier for process manufacturers such as Cabot to achieve their operational excellence goals." This transaction was signed in the fiscal quarter ended September 30, 2007. About AspenTech AspenTech is a leading provider of award-winning process optimization Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. software and services. AspenTech's integrated aspenONE solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes. For more information, visit www.aspentech.com. [c] 2008 Aspen Technology, Inc. AspenTech, aspenONE and the 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. leaf logo are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks are property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion