National Science Foundation Awards Emcien Emerging Opportunities Grant
"Today, parts forecasting is done in the absence of configuration level product forecasting. Since products are not modular in terms of the option choices, it is not possible to do accurate parts forecasting,” explained Roy Marsten, Emcien’s Founder and Chief Scientist. “The result is too much parts inventory and shortages of the right parts. The financial outcome of the excess inventory is poor asset utilization; the impact of parts shortages is operational disruptions, poor customer service and potential revenue loss.”
Atlanta, GA (PRWEB) August 25, 2006 -- National Science Foundation (NSF) has validated the timely nature of Emcien’s solution by granting an award under the Emerging Opportunities Program. The Emerging Opportunities (EO) topic is designed to enhance the ability of the NSF to support unique and timely business opportunities enabled by the deployment of advanced technology.
“Today, parts forecasting is done in the absence of configuration level product forecasting. Since products are not modular in terms of the option choices, it is not possible to do accurate parts forecasting,” explained Roy Marsten, Emcien’s Founder and Chief Scientist. “The result is too much parts inventory and shortages of the right parts. The financial outcome of the excess inventory is poor asset utilization; the impact of parts shortages is operational disruptions, poor customer service and potential revenue loss”.
Fixed products have virtually disappeared in favor of configurable products, due to the requirements of mass customization and competitive pressure for customer selectable features and options. This leads to a large number of product configurations or product proliferation. Product proliferation creates challenges across the entire supply chain from planning and sourcing to execution and customer order fulfillment. This burden is called Product Complexity. Emcien offers a sustainable software solution suite to address the challenges due to product complexity across the enterprise.
“Configuration volatility has become a way a life due to the move towards configurable products, “ states Russ Caldwell, Emcien’s Chief Technology Officer. Configuration volatility is the period-to-period fluctuation of the configuration content (features and options) being ordered by customers. “Companies today are struggling due to the lack of sustainable solutions to incorporate product volatility into their current business processes. Forecasting parts is one of the many challenges due to configuration volatility. Emcien offers companies a sustainable solution that integrates with ease into their existing systems -- allowing them to deal with configuration volatility as a part of business process."
“We are very honored to be recognized by NSF for the value that Emcien is delivering by using state-of-the-art technology to solve a problem that is choking the profit out of companies," added Marsten. “Emcien is delivering millions of dollars in cost savings due to the value of implementing our solutions.”
About Emcien, Inc.
Emcien, the pioneer in Product Variant Optimization, enables companies to integrate product variety into manufacturing planning and execution. Emcien software helps companies address issues surrounding product variants, positively impacting product cost, inventory levels and turns, and customer lead-time. Emcien’s solutions are built on patent-pending product description and optimization technology based on more than 12 years of research started at Georgia Tech and developed through industry partnerships. Emcien is a privately held company headquartered in Atlanta, GA, and an Advanced Technology Development Center (ATDC) member company. Learn more at www.emcien.com.
Emcien Contact
Media Relations
404.920.1990
404.385.6092 /fax
About the National Science Foundation
The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering, with an annual budget of nearly $5.47 billion. NSF funds reach all 50 states through grants to nearly 2,000 universities and institutions. Each year, NSF receives about 40,000 competitive requests for funding, and makes about 11,000 new funding awards.
About the ATDC: Georgia Institute of Technology’s Advanced Technology Development Center is a nationally recognized science and technology incubator that helps Georgia entrepreneurs launch and build successful companies, providing strategic business advice and connecting its member companies to the people and resources they need to succeed. More than 100 companies have emerged from the ATDC, including publicly traded firms such as MindSpring Enterprises -- now part of EarthLink.
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