Better Enterprise Planning And New Futures In Latest Enterprise Optimizer » read source
River Logic, Inc., a provider of enterprise planning and optimization software, announces the latest version of its flagship offering, Enterprise Optimizer (“EO”). EO enables businesses to quickly identify decisions that have the greatest impact on their financial performance by providing a unified model of the entire enterprise. The product can rapidly model any business, end to end, from an operational and financial perspective simultaneously. Three new key features in EO include detailed unit cost capability; sequencing; and pooling.
With EO’s detailed unit cost capability, it is now much simpler for organizations to calculate and monitor their product and customer profitability as well as identify opportunities for improvement. For example, a health-care organization can track product unit costs for each step of their services process by type of facility and by customer. EO helps them to determine and improve the profitability at each clinic, of each staff type and of different resources.
EO provides detailed unit cost capability for organizations industry-wide to conduct in-depth product, customer and resource profitability analysis. Companies can now not only track product cost and profitability by customer at different levels of their value chain, but also understand opportunity costs and identify profit improvement actions.
EO’s sequencing capability helps such an organization to determine the right production sequence, plus includes inventory and staffing constraints while considering the overall financial impact to the company. Also new to EO is sequencing, which is the ability to sequence activities taking into account the impact of one activity on the next. For example, in a food manufacturing organization, certain ingredients (i.e., nuts) significantly affect machine change-over times to produce the next product.
A third feature in the latest version of EO is pooling, the ability for manufacturing companies, in particular, to determine the financial impact of multi-level blending. For example, a coal-mining company might use four types of coal to meet a specific customer requirement.
The company could use different grades or percentages of coal, blending each to meet the customer requirement. The mining company must determine how to blend the different stages of product development, which type of coal to blend first that yields the lowest cost, and, ultimately, the highest profitability. Both sequencing and pooling are advanced features not available with similar type products offered by Business Objects (NASDAQ:BOBJ) and Hyperion acquired by Oracle.
The new version of EO has the ability to import data from and export data to databases, flat files and web services. This functionality is enabled by using MS data engines and underlying data access technologies. The latest version of EO reflects River Logic’s goal of building world class process and financial modeling applications that integrate with Microsoft® Office (MS-Office). EO furthers this integration by allowing the end users to exchange data and interoperate between EO and MS-Office applications.