Fogbreak 2.0 delivers operational excellence to outsourced supply chains
SAN RAMON, Calif. - March 31, 2003 - Fogbreak Software, the leading provider of Supply Chain Risk Management solutions, today announced the release of Version 2.0 of it's flagship application suite. Fogbreak 2.0 dramatically improves how manufacturers manage liability, lower cost and improve productivity in an outsourced supply chain by providing a combination of visibility, automated customer and supplier agreements and unique planning and analytics functionality.
"Fogbreak 2.0 is a big step forward in our product evolution," said Trung Dung, Fogbreak's founder and CEO. "By using a patent pending solution that moves beyond simple transaction or data sharing, leading manufacturers like Inovys, RadiSys and Sanmina-SCI can finally proactively minimize risks and costs in the outsourced supply chain."
The Fogbreak Suite comprises four applications that enable manufacturers to dramatically reduce inventory, reduce material costs and improve productivity by giving them a single transparent view of the supply chain, providing recommendations for mitigation actions, proactively measuring agreement commitments and managing problems by exception.
Liability and E&O - Provides real time visibility to and recommends mitigation actions for potential liability and Excess and Obsolete inventory in the pipeline; also includes algorithms to calculate and trck the effect of previous demand and supply changes on current liability and tracks the resolution of open issues.
Supply Flexibility - Provides ongoing view to available upside flexibility; includes historical and future waterfalls, algorithms to track customer and supplier flexibility commitments and the effect of previously taken flexibility.
Commodity Management - Provides ongoing spend and lead time analysis to identify opportunities to lower cost and risk within a commodity family; includes lead time tracking, structured item description management and BOM profiling.
Agreement Management - Provides the ability to capture, centralize and improve key operational terms from supplier and customer agreements; includes best practice agreement templates and terms.
"As companies increasingly move toward outsourcing, managing a mix of internal operations and operations at CMs is becoming more difficult for most supply chain executives," said Vinay Asgekar of AMR Research. "Tools like Fogbreak can extend the traditional inventory management functionality by creating visibility into partners' operations and integrating contractual agreements to provide the risk control that the supply chain executives need."
About Fogbreak
Fogbreak Software is a leading provider of enterprise class software solutions and strategic services that drive financial discipline into the supply chain. Fogbreak’s applications uniquely combine codified agreement information with transactional ERP data to deliver the visibility and predictability needed for maximum cross-enterprise performance. The result is measurable improvement in liability and flexibility to reduce material acquisition cost, reduce excess and obsolete inventory, lower scrap liability settlements, and increase productivity across the supply chain. Designed for discrete manufacturers in high technology, medical and industrial equipment or automotive, Fogbreak's enterprise solution can be implemented in less than three months. Based in San Ramon, California, Fogbreak is a privately held company backed by premier venture capital firms including Greylock Ventures, Matrix Partners, and Sigma Partners. Visit www.fogbreak.com for more information.
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