New demand management and replenishment optimisation solution completes AspenTech’s integrated, end-to-end (E2E) petroleum supply chain offering
LONDON, UK - November 13, 2000 - Aspen Technology, Inc. (NASDAQ: AZPN), today introduced Aspen Bulk, the first and only supply chain management solution designed specifically for refinery to terminal petroleum distribution.
The integration of Aspen Bulk with AspenTech's Retail and Refinery supply chain solutions provides an end-to-end supply chain solution that is designed to enable companies to maximise margins for each unit of product throughout their supply chains. By providing petroleum executives, managers, traders, schedulers, and dispatchers with the tools to collaborate in real-time, Aspen Bulk will enable petroleum companies to unite upstream and downstream supply chain operations to create cost effective and therefore, profitable demand fulfilment schedules.
"Aspen Bulk is a critical component of our end-to-end supply chain offering," said David Mushin, Executive Vice President of AspenTech’s Supply Chain Business. "Our end-to-end solution is designed to enable companies to transform isolated, supply chain business silos into truly integrated value chains. Tying all the pieces of this complex puzzle together will enable companies to automate and optimise strategic decision making with the intended goal of maximising margins across the entire enterprise."
Aspen Bulk has been designed to leverage supply chain information to dramatically improve forecasting accuracy, demand planning and scheduling capabilities from the refinery to terminal operations. The solution enables primary distribution terminals to collaborate with retailers to create cost effective and therefore, profitable delivery schedules to fulfil demand. By using Aspen Bulk, companies will have to capability to achieve increased return-on-assets from significant reductions in inventory.
Integrated solution delivers value by uniting planning and scheduling functionality at the primary distribution terminal
Implemented as a stand-alone product or as part of an integrated, end-to-end solution, Aspen Bulk offers advanced demand planning and scheduling capabilities. The product leverages AspenTech's deep process knowledge to create a solution that is designed specifically for the unique requirements of refinery to terminal operations.
Aspen Bulk's demand planner is unique in its ability to forecast demand by channel of trade, a necessary step in providing the requisite level of accuracy. Aspen Bulk also integrates data with refinery planning solutions, which integration is intended to ensure a fully optimised supply plan. Its replenishment scheduler dynamically manages product inventories, creates optimised replenishment plans, and generates distribution schedules, functionality which is intended to maximise margins.
"By consolidating and leveraging demand, product, freight, storage, and financial information, Aspen Bulk is designed to maximise margins," said Jay Kipper, Vice President of AspenTech’s Supply Chain Division. " Its demand planning and resource scheduling capabilities should improve strategic and tactical decision capabilities, lower cost of operation, and improve return on assets, all of which ultimately help companies to improve their competitive position."
Aspen Technology, Inc. is the leading supplier of integrated software and solutions that enable process manufacturers to automate and optimise their plants and extended supply chains, while enabling e-business. With deep process knowledge, best-in-class technology, and strategic alliances with leading business and technology partners, AspenTech offers the industry's broadest family of scaleable solutions, allowing process manufacturers to achieve competitive advantage in the Internet economy. AspenTech's Plantelligence(TM) solutions automate and optimise critical business processes at the plant level. AspenTech's Enterprise Optimisation(TM) solutions extend the scope of optimisation across the enterprise and extended supply chain. AspenTech eSupply Chain solutions enable manufacturers to link seamlessly to customers, suppliers and on-line trading exchanges, creating a collaborative, flexible extended enterprise. AspenTech employs more than 1,800 people worldwide. For more information visit http://www.aspentech.com
Paragraphs 2, 3, 4, 6 and 7 of this press release contain forward-looking statements for purposes of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statement using the term "will," "should," "could," "anticipates," "believes" or a comparable term is a forward-looking statement. Actual results may vary significantly from AspenTech's expectations based on a number of risks and uncertainties, including: AspenTech's lengthy sales cycle which makes it difficult to predict quarterly operating results; fluctuations in AspenTech's quarterly operating results; AspenTech's dependence on customers in the cyclical chemicals, petrochemicals and petroleum industries; AspenTech's need to hire additional qualified personnel and its dependence on key current employees; intense competition; AspenTech's dependence on systems integrators and other strategic partners; and other risk factors described from time to time in AspenTech's periodic reports and registration statements filed with the Securities and Exchange Commission. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. Moreover, neither AspenTech nor anyone else assumes responsibility for the accuracy and completeness of any forward-looking statements. AspenTech undertakes no obligation to update any of the forward-looking statements after the date of this press release.
AspenTech, Plantelligence, Enterprise Optimisation, and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass.
Annalie Cook/ Isabell Horvath
0044(0)20 7349 2200
Aspen Technology, Inc.
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