HP Achieving Supply Chain Cost Savings

Technology giant selects solution to break the cycle of holding backup inventory supplies

Boston — September 1, 2005 — HP's Imaging and Printing Group has extended a global licensing agreement with Optiant Inc. for its PowerChain Inventory and Architect software.

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing.

Optiant said its supply chain solution is designed to help companies optimize global supply chain efficiencies and achieve significant cost savings, specifically by performing strategic analysis and tactical adjustments.

Today, manufacturers serving the consumer market are buffeted by unpredictable demand fluctuation and pressure from retailers to deliver 99 percent and higher service levels, said Optiant president and CEO Jonathan Colehower. HP is defining how companies can break the cycle of holding backup inventory supplies, and we're pleased to be a part of the formula for success.