ORTEC Introduces Inventory Routing, a Tightly Integrated Forecasting, Planning and Route Execution Solution

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Ortec Inventory Routing Improves Forecast Accuracy, Minimizes Excess Inventory and Reduces Stock Outs

Today’s complex business challenges require a tightly integrated batch forecasting and planning optimization solution with real-time execution, dispatch and routing capabilities.

ORTEC, a leading provider of advanced planning and optimization solutions, today announced its newest product offering, ORTEC Inventory Routing. An integrated demand forecasting, inventory planning and route execution solution, ORTEC Inventory Routing will help companies realize substantial cost savings as a result of reduced mileage and driving time, increased delivery sizes and improved vehicle utilization. The Inventory Routing solution includes enhanced forecasting capabilities that will hlep increase forecast accuracies, enabling companies to improve average drop sizes, eliminate out-of-stock situations and reduce the number of oversized deliveries and product returns.

Companies who manage their customer’s inventory (vendor managed inventory or “VMI”) can benefit from ORTEC Inventory Routing because it enables them to decrease overall transportation spend, reduce planning time to route shipments and increase asset utilization. The solution tells users when, where and how much of a particular product to deliver. This is a key component in managing the complexities associated with VMI and other business challenges. The solution enables fully automated optimization and manual assignment of replenishment orders, routes and resources (vehicles, trailers and drivers etc.). In addition, it provides planning process support for operational planning and execution as well as tactical and strategic decision-making. ORTEC Inventory Routing supports planners with an interactive desktop that provides a clear overview of the plans and activities that need to be performed.

“As a company we are committed to delivering the best and most advanced forecasting and routing solutions available on the market,” explained Don Addington, president for the Americas, ORTEC. “Today’s complex business challenges require a tightly integrated batch forecasting and planning optimization solution with real-time execution, dispatch and routing capabilities. Our Inventory Routing solution addresses this need and will help our customers with challenges such as minimizing the amount of excess inventory they need to carry and maintaining a balance of cost and high customer service levels.”

"We are already engaged in a number of pilot projects to implement ORTEC Inventory Routing and the initial results have been remarkable," explains Janneke Meesters, senior industry leader for ORTEC. “We believe this product addresses a market need that has previously been unanswered and we are very excited to make this solution available to our customers.”

About ORTEC
ORTEC is largest leading provider of advanced planning and optimization software solutions and consulting services. Our solutions result in optimized fleet routing and dispatch, vehicle and pallet loading, workforce scheduling, delivery forecasting and network planning. ORTEC provides best-of-breed, custom made and SAP ® certified and embedded solutions, supported by strategic partnerships. In the area of Advanced Planning Solutions, ORTEC has over 1,550 customers worldwide, over 550 employees and offices in Europe, North America and South-East Asia. For more information, visit: http://www.ortec.com.

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Shaunna Morgan
ORTEC
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