SOFTCHAIN DEPLOYS SUPPLY CHAIN SOFTWARE AT PHILIPS COMPONENTS.Softchain, Inc., Burlingame, Calif., a provider of software to control the flow of materials across extended manufacturing supply chains, has completed the deployment of its supply chain software at Philips Components. With Softchain's applications, the company's contract manufacturers and suppliers can actively endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse. endorse (indorse) v. supply plans online, enabling logistics and customer service personnel to commit to fulfilling orders, even though the business unit carries no inventory. This capability, called supplier-endorsed capable-to-promise (CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. ), enables companies with outsourced supply chains to dramatically improve service levels and reduce manufacturing costs. Softchain applications also allow the company to share key supply chain information such as product forecasts, lead times, inventory, and capacities in real time with its contract manufacturers and suppliers. The speed at which Softchain applications can be implemented was a major factor in the decision to choose Softchain. Following a successful initial phase, offering supplier collaboration functionality, Softchain was able to provide Philips with CTP capabilities that were fully integrated with its existing SAP R/3 order management implementation in only 60 days. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ian Wakefield, director of connectivity group operations, Philips Components, our Softchain implementation lets us instantly communicate new signals to all of our supply chain partners so that they can respond more quickly to changes in the marketplace. We are excited that Softchain applications are now live and providing control across their extended supply chain, said Joshua Clark, president of Softchain." The fact that world-class companies like Philips and their extended supply chains are benefiting from Softchain further solidifies our leadership position as a provider of supply chain control solutions. About Softchain, Inc. Softchain software solutions control the flow of materials across multi-tier manufacturing supply chains. Softchain's tightly integrated suite of Web-based applications See Web application. allows companies to aggregate and communicate demand signals to all supply chain partners, analyze the impact of constantly changing demand and supply conditions, and continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. synchronize See synchronization. material flow to balanced demand dramatically reducing inventory costs and improving supplier performance. Softchain is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Burlingame, California Burlingame is a city in San Mateo County, California, which is the second wealthiest county in the state, as well as the fourteenth richest in the country. It is located on the San Francisco Peninsula and has a significant shoreline on San Francisco Bay. . For more information, visit http://www.softchain.com. |
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