Quintiq

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Quintiq
Company 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 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] [needs update]

Quill

Quill is a proprietary, object-oriented Fifth-generation programming language with a syntax similar to Java with which programmers configure, customize and write software for Quintiq. It employs features such as quantors to write complex solutions quickly.

Quill is used for scripting in Quintiq; models are designed using a combination of a GUI ("Quintiq Business Logic Editor", Business Logic being the codebase and model) and Quill, rather than being entirely designed and conceived in one formal language.

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; Düsseldorf, 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, copper recycler Aurubis, and retailer Walmart. [5] [3] [2] [9]

Acquisition

On July 24, 2014, Dassault Systèmes announced plans to acquire Quintiq for $336 million. [10] 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, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of 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 the 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

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<span class="mw-page-title-main">Logistics automation</span> Application of computer software or automated machinery

Logistics automation is the application of computer software or automated machinery to logistics operations in order to improve its efficiency. Typically this refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain engineering systems and enterprise resource planning systems.

A warehouse management system (WMS) is a set of policies and processes intended to organise the work of a warehouse or distribution centre, and ensure that such a facility can operate efficiently and meet its objectives.

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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.

DELMIA, a brand within Dassault Systèmes, is a software platform designed for use in manufacturing and supply chain professionals. It offers various tools encompassing digital manufacturing, operations, and supply-chain management, including simulation, planning, scheduling, modeling, execution, and real-time operations management.

In business, a demand chain is the understanding and management of customer demand, in contrast to a supply chain. Madhani suggests that the demand chain "comprises all the demand processes necessary to understand, create, and stimulate customer demand". Cranfield School of Management academic Martin Christopher has suggested that "ideally the supply chain should become a demand chain", explaining that ideally all product logistics and processing should occur "in response to a known customer requirement".

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.

Customer demand planning (CDP) is a business-planning process that enables sales teams to develop demand forecasts as input to service-planning processes, production, inventory planning and revenue planning.

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.

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

Inventory optimization refers to the techniques used by businesses to improve their oversight, control and management of inventory size and location across their extended supply network. It has been observed within operations research that "every company has the challenge of matching its supply volume to customer demand. How well the company manages this challenge has a major impact on its profitability."

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.

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

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In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. Essentially, global supply chain-management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.

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. ↑ "Case Study: Semi-finished copper producer reduces WIP levels by 15% and improves delivery reliability by 20%. [Page 5]" (PDF). Dassault Systèmes. Retrieved 18 December 2024.
  10. ↑ Callus, Andrew (24 July 2014). "Dassault to buy planning software provider Quintiq". Reuters. Retrieved 29 July 2014.
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