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|Industry||Internet Software Development|
(Founder and CEO)
Number of employees
|9 (April 2011)|
ThoughtSpeed Corporation is a software development company that specializes in web-based applications used in ordering and managing inventory as well as distribution of products.
Founded in 1985, ThoughtSpeed Corporation was originally conceived as a software development company that created educational administrative software.
In 1987, Kitimat Systems Inc. was formed as a Supply Chain Management division of ThoughtSpeed, creating distribution software for Fortune 500 companies. Among Kitimat's client list of users were: AOL Time Warner Communications, AutoZone, Baxter Health Care, General Motors, Quebecor, Simon & Schuster Publishing, Sony, Xerox and Walt Disney World.In 1998, HK Systems of Milwaukee, Wisconsin acquired ThoughtSpeed's “logistic” division and subsequently founded a new division, Irista, with Kitimat's software component, Kitimat Transportation Management System (KTMS)
In June, 2000, ThoughtSpeed began the process of re-inventing itself as a “web-based” Internet developer and founded ThoughtSpeed eCommerce Ltd. The first product produced by ThoughtSpeed eCommerce was TS Link. It is a web-based application meant to manage the orders of products for its customers.In September 2009, ThoughtSpeed won a 7-year contract with Canadian Pharmaceutical Distribution Network (CPDN) for the use of TS Link, which now manages the orders of over 600 hospitals from over 20 pharmaceutical companies in Canada.
TS nGateWay is an application that converts EDI or flat file documents into XML code and vice versa. It is used between ThoughtSpeed's TS Link application, which uses XML code, and the customer's application, which depending on the customer can use one of several different formats (EDI, XML Flat File, CSV).
TS Consign is another web-enabled application used for inventory management, developed by ThoughtSpeed eCommerce in partnership with Alcon Canada. This product allows companies to track and manage the status of their consignment inventory and to replenish their stock at any time. A recent test performed at Lakeridge Health Bowmanville campus showed time savings of one to three hours by cutting down the time hospital employees spent on inventory. TS Consign is free for all Hospitals and is being used with eye care products manufacturer Alcon Canada.
In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to 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. Supply-chain management has been defined as 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, synchronizing supply with demand and measuring performance globally." SCM practice draws heavily from the areas of industrial engineering, systems engineering, operations management, logistics, procurement, information technology, and marketing and strives for an integrated approach. Marketing channels play an important role in supply-chain management. Current research in supply-chain management is concerned with topics related to sustainability and risk management, among others. Some suggest that the “people dimension” of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda.
An extranet is a controlled private network that allows access to partners, vendors and suppliers or an authorized set of customers – normally to a subset of the information accessible from an organization's intranet. An extranet is similar to a DMZ in that it provides access to needed services for authorized parties, without granting access to an organization's entire network.
Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
A laboratory information management system (LIMS), sometimes referred to as a laboratory information system (LIS) or laboratory management system (LMS), is a software-based solution with features that support a modern laboratory's operations. Key features include—but are not limited to—workflow and data tracking support, flexible architecture, and data exchange interfaces, which fully "support its use in regulated environments". The features and uses of a LIMS have evolved over the years from simple sample tracking to an enterprise resource planning tool that manages multiple aspects of laboratory informatics.
Microsoft Dynamics GP is a mid-market business accounting software or ERP software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported localizations. It uses either Microsoft SQL Server 2005, 2008, 2012, 2014 or 2016 to store data. It is one of four accounting packages acquired by Microsoft that now share the Microsoft Dynamics Business Solutions brand. Dynamics GP is written in a language called Dexterity.
Enterprise content management (ECM) extends the concept of content management by adding a timeline for each content item and, possibly, enforcing processes for its creation, approval and distribution. Systems using ECM generally provide a secure repository for managed items, analog or digital. They also include one methods for importing content to bring manage new items, and several presentation methods to make items available for use. Although ECM content may be protected by digital rights management (DRM), it is not required. ECM is distinguished from general content management by its cognizance of the processes and procedures of the enterprise for which it is created.
Distribution software refers to software which manages everything from order processing and inventory control to accounting, purchasing and customer service, supply chain management, sales, customer relationship management, and finance management.
A dedicated hosting service, dedicated server, or managed hosting service is a type of Internet hosting in which the client leases an entire server not shared with anyone else. This is more flexible than shared hosting, as organizations have full control over the server(s), including choice of operating system, hardware, etc.
Software as a service is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as "on-demand software", and was formerly referred to as "software plus services" by Microsoft.
Product information management (PIM) is the process of managing all the information required to market and sell products through distribution channels. This product data is created by an internal organization to support a multichannel marketing strategy. A central hub of product data can be used to distribute information to sales channels such as e-commerce websites, print catalogs, marketplaces such as Amazon and Google Shopping, social media platforms like Instagram and electronic data feeds to trading partners.
Web-to-print, also known as Web2Print, remote publishing or print e-commerce is commercial printing using web sites. Companies and software solutions that deal in web-to-print use standard e-commerce and online services like hosting, website design, and cross-media marketing.
GXS is a subsidiary of OpenText Corporation headquartered in Gaithersburg, Maryland, United States. Its GXS Trading Grid managed more than twelve billion transactions in 2011. Since 2004, GXS has invested more than $250 million in GXS Trading Grid. As of March 16, 2012, more than 550,000 businesses connect to GXS Trading Grid and, on average, more than 2,000 new businesses join each month.
Geospatial metadata is a type of metadata applicable to geographic data and information. Such objects may be stored in a geographic information system (GIS) or may simply be documents, data-sets, images or other objects, services, or related items that exist in some other native environment but whose features may be appropriate to describe in a (geographic) metadata catalog.
Operational database management systems, are used to update data in real-time. These types of databases allow users to do more than simply view archived data. Operational databases allow you to modify that data, doing it in real-time. OLTP databases provide transactions as main abstraction to guarantee data consistency that guarantee the so-called ACID properties. Basically, the consistency of the data is guaranteed in the case of failures and/or concurrent access to the data.
Documentum is an enterprise content management platform, now owned by OpenText, as well as the name of the software company that originally developed the technology. EMC acquired Documentum for $1.7 billion in December, 2003. The Documentum platform was part of EMC's Enterprise Content Division (ECD) business unit, one of EMC's four operating divisions.
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.
Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.
Odyssey Software provided mobile device management and software development tools to enterprise companies either directly or through partner solutions. Its technology allowed companies to manage multiple mobile operating systems at a detailed level, including functions such as inventory collection, software management, remote control, and device configuration. It was bought by Symantec in 2012.
abas ERP is an enterprise resource planning (ERP) & e-business application for manufacturers in the Assemble-to-Order, Make-to-Order and Engineer-to-Order environment. Manufacturer is ABAS Software AG, since 1980 based in Karlsruhe, Germany and interests in national and international companies that distribute the software.
Retail back-office software is used to manage business operations that are not related to direct sales efforts and interfaces that are not seen by consumers. Typically, the business processes managed with back-office software include some combination of inventory control, price book management, manufacturing, and supply chain management (SCM). Back-office software is distinct from front-office software, which typically refers to customer relationship management (CRM) software used for managing sales, marketing, and other customer-centric activities.