Wyeth licenses SmartOps’s enterprise inventory optimization software

According to SmartOps, enterprise inventory optimization (EIO) software enables customers to achieve both a rapid return on investment and a long-term competitive advantage by determining the best possible inventory and product availability plans given aggressive customer service goals and inherent uncertainties, time-varying data, multi-location and inventory stage complexities.

Sridhar Tayur, CEO of SmartOps, said: “In the current business environment it is even more critical that companies optimize their use of working capital while maintaining customer service. Companies are looking for a scalable inventory planning, optimization and analysis solution that enhances supply chain performance.”