February 15, 2012 - Today Quintiq, Inc. announced that Wal-Mart Stores, Inc. (NYSE: WMT) has selected Quintiq to provide a next-generation load assignment and dispatch system designed to lower the total miles driven and improve the efficiency of the retailer's U.S. fleet.
Victor Allis, CEO of Quintiq, says: "We are delighted with Walmart's choice of Quintiq. We believe this demonstrates that no supply chain is too large or complex for our state-of-the-art supply chain optimization software."
The Quintiq software, configured for the retail and distribution industry, is used to support logistics load managers at Walmart in assigning loads to driver-truck combinations to create optimal sets of trips, and to dispatch those trips through an on-board computer to the driver. Based on real-time updates from the driver's on-board computer, Quintiq's optimization engine continuously re-optimizes the sequence of trips and provides recommendations to logistics load managers through its user interface.
Quintiq software is based on a revolutionary in-memory technology that provides direct feedback to the end user and allows for increased visibility of a retail supply chain. Fast system feedback to end users is necessary, especially in a logistics environment where decisions need to be made within seconds. The in-memory technology allows users to evaluate the impact of their individual decisions on the overall performance indicators in a real-time environment.
Every business has its supply chain planning challenges. Some of those challenges are large. Some are complex. Some seem impossible to solve. Since 1997, Quintiq has been solving each of those challenges with a supply chain planning & optimization software system. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), Quintiq has offices in the Netherlands, the USA and around the world.