Chicago February 6, 2002 Supply chain solution providers Novopoint and NTE have teamed up to offer logistics applications targeted at consumer packaged goods (CPG) manufacturers and their suppliers.
Novopoint's solutions allow CPG manufacturers (such as food and beverage companies) to connect with their suppliers of raw materials, specialty ingredients, packaging equipment and transportation for the purpose of order management, contract management, logistics, financial services and collaborative planning forecasting and replenishment (CPFR).
NTE offers solutions designed to improve how companies buy, sell and manage transportation services.
Under the terms of the agreement, Novopoint will integrate NTE's carrier community and exchange capabilities with an eye toward improving logistics cost management for Novopoint client companies.
Novopoint believes this arrangement will provide its customers with greater cost efficiencies and value across their supply chain by augmenting the transportation and shipment visibility currently provided by Novopoint's application.
Commenting on the two company's partnership, Bob Schult, CEO of Novopoint, said: "In today's competitive CPG market space, the keys are to optimize supply chain activities while leveraging existing IT investments. This is exactly what our applications are designed to do."
Jim Davidson, president and CEO of NTE, said the two solution providers are working to identify ways in which technology, information and infrastructure can be used to drive costs out of supply chain interactions and streamline related business processes, from procurement to production to distribution. "The result is a reduction in transportation costs while gaining the ability to optimize production and inventory management," Davidson said.
