Software-as-a-service product to enable rapid deployment, inventory reduction, according to provider
Boston and Las Vegas — February 28, 2006 — ToolsGroup today announced its new DPM on Demand multi-echelon inventory optimization software at the SAP Logistics and Supply Chain Management Conference, which is an event for logistics, manufacturing and supply chain management executives.
Like ToolsGroup's flagship DPM product, DPM on Demand optimizes user inventories, but its subscription-based approach allows clients to minimize the impact on IT resources and other strategic projects. ToolsGroup manages the DPM on Demand software in a world-class data center to provide access for clients, creating an automatic and sustainable inventory planning process. DPM on Demand is Powered by SAP NetWeaver.
DPM on Demand is an example of Software-as-service (SaaS), where software is leased rather than purchased outright by the user. ARC Advisory Group is projecting fast growth for this model.
Traditional software markets sell software licenses, says Steve Banker, the service director for supply-chain management at ARC. However, in the inventory optimization market, knowledge-based outsourcing and software as a service will be key growth drivers.
The new product was announced today to executive attendees at the annual SAP Logistics and Supply Chain Management Conference in Las Vegas, Nev. ToolsGroup is exhibiting at the conference and ToolsGroup's customer, Delphi, will make a presentation on its use of the DPM product.