SCP solutions company gets recognised for its position in the process industry
April 2003
News
Aspen Technology has been positioned in the Visionary quadrant in the latest Magic Quadrant report on supply chain planning (SCP) solutions for process manufacturers produced by Gartner, the leading technology research and advisory firm. This recognition was based on a comprehensive analysis of AspenTech's current and future SCP solutions and discussions with a range of current process industry customers.
"AspenTech has a long track-record of delivering best-of-breed supply chain solutions to the process industries," said Ian Huntly, managing director of AspenTech Africa. "These solutions help companies realise significant value and a rapid return on investment, even in complex environments not suited to more generic supply chain technologies. We are proud that Gartner recognised the strength of our vision in its recent report. Our initiatives in supply chain inventory visibility, performance management and portal technologies are important competitive differentiators, and leverage the value of linking plant floor activities to decision support solutions."
AspenTech offers a comprehensive family of SCP solutions that enable petroleum, chemical, pharmaceutical and other process manufacturers to increase their profitability by reducing inventories, maximising plant utilisation, optimising sourcing and satisfying customer demand more effectively. The solutions are pre-configured to suit the specific needs of each industry, ensuring simple, low-risk implementation and a fast return on investment. Examples include products for refinery planning and scheduling, and solutions that deliver advanced functionality like vendor managed inventory (VMI) and capable-to-promise (CTP).
In its research note entitled 'Options Expand in SCP for Process Manufacturers in 1Q03', Gartner's Magic Quadrant positions vendors in a particular market segment based on their vision and ability to execute that vision. According to Gartner, visionaries have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimising service delivery. In order to be included in this Magic Quadrant, vendors must demonstrate a credible vision for a multiproduct, process manufacturing-oriented SCP suite, and possess an effective sales distribution channel for global customers.
Supply chain planning applications are an important element of AspenTech's solutions for enterprise operations management in the process industries. These integrated, enterprise-wide solutions combine engineering and manufacturing/supply chain technologies to help companies optimise the way they engineer and run their manufacturing and supply chain operations.
For more information contact Amanda Strauss, sales co-ordinator, AspenTech Africa, 011 258 8771, [email protected]
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