For major manufacturers, returning used and leased assets is a huge business
Austin, TX (PRWEB) July 2, 2008
Fortigo Inc., logistics cost management (LCM) software experts, and CEVA Logistics (CEVA), announce the introduction of an industry-first solution for reverse logistics and asset recovery that automates, optimizes, and audits the process of returning used and leased assets.
"For major manufacturers, returning used and leased assets is a huge business," explained Dr. George Kontoravdis, Fortigo president. "Reverse logistics involves billions of dollars and precise coordination between many different business partners, including carriers, distribution centers, and refurbishment centers. Providing a way to automate this process and eliminate costs has a measurable impact on the bottom line."
"We are offering the first supply chain solution optimized for reverse logistics," says Michael Lloyd, CEVA's senior logistics manager. "The asset recovery industry has traditionally been under-served with limited visibility, incomplete accounting of returned items, and no record of on-time performance. CEVA is changing all that today. ATOMS, our new solution powered by Fortigo, allows instant reconciliation of used assets. Extending this capability to major manufacturers often adds up to millions of dollars in savings."
About CEVA Logistics
CEVA Logistics is recognized by its customers for superior supply chain management processes that make their business flow. With a strong commitment to the success of our customers, CEVA focuses on a diverse range of market sectors, including: automotive and tires, technology, industrial, retail and consumer goods, health care, publishing, aerospace, and oil and gas. http://www.cevalogistic.com
About Fortigo
Fortigo's modular approach to logistics cost management provides solutions that automate, optimize, and audit logistics decisions to reduce logistics costs, improve customer satisfaction and increase profitability. Fortigo plugs into established supply-chain applications and provides rapid return on investment by optimizing logistics processes, minimizing ship-to-order times, and streamlining collaboration with logistics. Fortigo is based in Austin, Texas and can be found on-line at http://www.fortigo.com.
CEVA Logistics Contact:
Paula Satink
+31 23 568 3492
Paula.Satink @ cevalogistics.com
Fortigo Contact:
Molly Takvorian
(512) 372-8884 x302
molly.takvorian @ fortigo.com
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