Santa Monica, CA — June 30, 2003 — Adaptive supply chain software provider Vizional Technologies Inc. today announced that Philips Semiconductors has selected Vizional's Adaptive Planning and Execution suite for its collaborative planning supply chain system.
Vizional said it would work closely with the global semiconductor company to develop and deploy a multi-enterprise supply chain system that will coordinate material flows of individual components throughout the extended supply network.
The provider reported that the system would be rolled out to Philips' top customers over the next two years.
The company added that the business processes and key solver algorithms for the decision support system were initially developed by the Technische Universiteit Eindhoven (TU/e), department of Technology Management, and the Center for Quantitative Methods (CQM), both based in Eindhoven, The Netherlands. Vizional said it would augment the system through the use of adaptive agents and optimization technologies, as well as integrate it into the Vizional Adaptive Planning and Execution suite.
Vizional said its Adaptive Planning and Execution suite consists of four standalone applications that give companies the ability to synchronize demand with supply through intelligent inventory, demand, capacity and RFID management.
"We are committed to providing our customers with the highest levels of service by delivering to them leading-edge products and system solutions where and when they need them," said Mathieu Clerkx, senior vice president of supply chain management and information technology at Philips Semiconductors. "Working with Vizional will enable us to pursue a collaborative planning approach that will help us address and resolve complex material coordination issues, uncover and capture resulting profitable opportunities, and ultimately get closer to our customers."