Quintiq

Last updated
Quintiq
TypePrivate
IndustrySoftware
Founded1997
Founder Victor Allis, [1] former CEO
Headquarters 's-Hertogenbosch, Netherlands.
RevenueUndisclosed
Number of employees
1,000
Website

Quintiq is a Dutch company that develops planning, scheduling and supply chain optimization software. The company is headquartered in 's-Hertogenbosch and its North American headquarters are in Radnor, Pennsylvania. As of October 2014, the company is known as DELMIA Quintiq.

Contents

History

The company was founded in 's-Hertogenbosch (Den Bosch) in September 1997 by former Bolesian employees including Dr. Victor Allis. [2] Allis and several colleagues initially began developing a scheduling application for an aluminum manufacturer as a side project. [3] It was offered first to Allis's then-employer, but Bolesian was not interested. [4] Because the software they developed was highly configurable, and thus of use to many other types of companies, it was decided that a new firm should be created around the software. [3] Preparing the software for sale to as wide a variety as possible of corporate customers took two years of development. [4]

Quintiq sold its software to a client for the first time in 1999. [4]

In 2011, two investment firms, LLR Partners Inc. and NewSpring Capital Ventures LP, bought into Quintiq, giving them a 48% stake in the company's ownership. [3]

Later in 2014, Quintiq was bought by Dassault Systèmes. [5]

Products

Quintiq's Supply Chain Planning software has three layers or modules: one based on service-oriented architecture, with both optimization and planning management features; one that provides a variety of different templates for use in different industries; and one customized for each Quintiq customer. [6] Quintiq's uses AI pattern recognition to help customers manage their supply chain logistics. [4] Other features of the software include adaptive capacity planning, automated real-time scheduling, a multi-function company planner, a multi-scenario macro planner, materials management tools, and proprietary algorithms for coordinating production with customer orders. [7] Competitor software is more robust in a number of specific areas, and for this reason some Quintiq users employ both Quintiq software and competitors' products in a hybrid approach to supply chain management. [6] [8]

Locations

In addition to its world headquarters in Den Bosch and its North American headquarters in Radnor, Quintiq has offices in Melbourne, Australia; Shanghai, China; Vantaa, Finland; Mannheim, Germany; Rome, Italy; Petaling Jaya, Malaysia; and London, United Kingdom. [3]

Clients

Notable companies and organizations which use Quintiq software include Copenhagen Airport, Danone, international shipping company DHL, the United States Federal Aviation Administration (FAA), Jumbo (supermarket), KLM Royal Dutch Airlines, ThyssenKrupp Steel Europe AG, freight forwarder P&O Ferrymasters, and retailer Walmart. [5] [3] [2]

Acquisition

On July 24, 2014, Dassault Systèmes announced plans to acquire Quintiq for $336 million. [9] The deal was subject to regulatory approval in Germany and Austria. By October 2014, the sale was complete. [5]

Related Research Articles

<span class="mw-page-title-main">Supply chain management</span> Management of the flow of goods and services

In commerce, supply chain management (SCM) deals with a system of procurement, operations management, logistics and marketing channels so that the raw materials can be converted into a finished product and delivered to the end customer. A more narrow definition of the supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally".This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.

<span class="mw-page-title-main">Logistics</span> Management of the flow of resources

Logistics is a part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers. Logistics management is a component that holds the supply chain together. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items.

<span class="mw-page-title-main">Supply chain</span> System involved in supplying a product or service to a consumer

A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products which are later distributed to end consumers or end customers. Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most efficient manner.

Vendor-managed inventory (VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor.

Service management in the manufacturing context, is integrated into supply chain management as the intersection between the actual sales and the customer point of view. The aim of high-performance service management is to optimize the service-intensive supply chains, which are usually more complex than the typical finished-goods supply chain. Most service-intensive supply chains require larger inventories and tighter integration with field service and third parties. They also must accommodate inconsistent and uncertain demand by establishing more advanced information and product flows. Moreover, all processes must be coordinated across numerous service locations with large numbers of parts and multiple levels in the supply chain.

Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". It is the process of ensuring that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction. Other facets of inventory control include forecasting future demand, supply chain management, production control, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction.

Workforce management (WFM) is an institutional process that maximizes performance levels and competency for an organization. The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics.

Appointment scheduling software or meeting scheduling tools allows businesses and professionals to manage appointments and bookings. This type of software is also known as appointment booking software and online booking software.

Supply-chain optimization (SCO) aims to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs including manufacturing costs, transportation costs, and distribution costs. Optimization often involves the application of mathematical modelling techniques using computer software. It is often considered to be part of supply chain engineering, although the latter is mainly focused on mathematical modelling approaches, whereas supply chain optimization can also be undertaken using qualitative, management based approaches.

Infor Nexus is an independent business unit of Infor LLC offering a multienterprise supply chain network. The on-demand global supply chain management platform and integrated applications are used worldwide by businesses to manage global direct procurement, supplier networks, global logistics and global trade processes. Founded in 1998 in Oakland, California, it merged with TradeCard in 2013, and in September 2015, GT Nexus was acquired by Infor. Today, Infor Nexus is a business unit of Infor.

Blue Yonder is an American supply chain management company operating as an independent subsidiary of Panasonic.It was acquired by Panasonic in 2021.Blue yonder has its own executive leadership team.Founded in 1985, the company is headquartered in Scottsdale, Arizona, with offices globally. Its acquisitions have included Yantriks, RedPrairie, i2 Technologies, Manugistics, E3, Intactix, and Arthur. It provides an AI/ML-enhanced platform and solutions for over 3,000 retail, manufacturing, and logistics customers around the world.

<span class="mw-page-title-main">ILOG</span>

ILOG S.A. was an international software company purchased and incorporated into IBM announced in January, 2009. It created enterprise software products for supply chain, business rule management, visualization and optimization. The main product line for Business Rules Management Systems (BRMS) has been rebranded as IBM Operational Decision Management. Many of the related components retain the ILOG brand as a part of their name.

Petrolsoft Corporation (1989–2000) was a supply chain management software company with a focus on the petroleum industry. Petrolsoft Corporation was founded at Stanford University in 1989 by Bill Miller and David Gamboa as Petrolsoft Software Group. It was later incorporated in 1992. Petrolsoft introduced demand-driven inventory management to the petroleum industry.

<span class="mw-page-title-main">IQMS</span> Technology company

IQMS was a privately held, global software company based in Paso Robles, California. The company developed and marketed manufacturing ERP and real time manufacturing execution systems to the automotive, medical, packaging, consumer goods, aerospace, defense and other manufacturing industries. IQMS has been included on Inc. Magazine’s list of the 5000 fastest growing privately held U.S. companies from 2011 through 2016. Gary Nemmers became the CEO of IQMS in 2015, and was succeeded by Cheri Williams in 2020.

AIMMS is a prescriptive analytics software company with offices in the Netherlands, United States and Singapore.

Third-party logistics is an organization's long term commitment of outsourcing its distribution services to third-party logistics businesses.

Inventory optimization is a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.

SolveIT Software Pty Ltd is a provider of advanced planning and scheduling enterprise software for supply and demand optimisation and predictive modelling. Based in Adelaide, South Australia, 70% of its turnover is generated from software deployed in the mining and bulk material handling sectors.

<span class="mw-page-title-main">IES Ltd</span> Supply chain management company

IES, Ltd. was a supply chain management software company that developed software for freight forwarders, customs brokers, 3PLs, importers, exporters, NVOCCs and other intermediaries to submit entries to the U.S. Customs and Border Protection, Canada Border Services Agency and other agencies.

<span class="mw-page-title-main">Iptor Supply Chain Systems</span> Software company based in Sweden

Iptor Supply Chain Systems, formerly International Business Systems (IBS), is a supply chain management company that provides professional services and enterprise resource management software for distributors and wholesalers, with its headquarters in Stockholm, Sweden. They were previously publicly traded on the Stockholm Stock Exchange and have offices in several countries. They are rated by AMR Research and Frost & Sullivan as the largest supply chain execution solutions company by revenue.

References

  1. ↑ Bryant, Adam (2014-06-07). "Stumped? Invoke the 5-Minute Rule". The New York Times. ISSN   0362-4331 . Retrieved 2020-06-26.
  2. 1 2 Morris, David Z. (21 August 2015). "Game on: How chess computers became logistics masterminds". Fortune . Retrieved 5 October 2015.
  3. 1 2 3 4 5 "Quintiq Supply Chain Planning Software Review [page 1]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
  4. 1 2 3 4 "Quintiq: The planning puzzle". Exceptional Magazine. January 2014. Retrieved 5 October 2015.
  5. 1 2 3 "Quintiq expertly solving planning puzzles". Airport Business. 22 October 2014. Retrieved 5 October 2015.
  6. 1 2 "Quintiq Supply Chain Planning Software Review [page 2]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
  7. ↑ "Quintiq Supply Chain Management Software Review [page 3]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
  8. ↑ "Quintiq Supply Chain Planning Software Review [page 5]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
  9. ↑ Callus, Andrew (24 July 2014). "Dassault to buy planning software provider Quintiq". Reuters. Retrieved 29 July 2014.
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