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Inventec Signs Agreement for New Momentum Supply Chain Risk Management Software
Aug 30, 2007 (08:08 AM EDT)
SAN CLEMENTE, Calif., Aug. 30 /PRNewswire/ -- New Momentum, a provider of Supply Chain Risk Management (SCRM) software for companies who make or use electronic components in their products, announced that Inventec signed an agreement with New Momentum and its partner, IC Trends. Inventec will be using New Momentum's software solution to enhance its current SCRM initiatives, particularly in the area of component volatility.
Inventec, headquartered in Taiwan, is a global supplier of high tech products including notebooks, enterprise servers, storage products, wireless communications, network applications, consumer mobile devices, consumer electronic devices, and wireless solutions.
New Momentum's CEO, Stu Clifton, commented, "Like most of the high-tech companies we work with, Inventec wants to ensure they can meet customer demand. Our software solution, which is based on advanced Microsoft .NET 3.0 technology, provides visibility into a broad variety of unstructured, open market data including forums, search engines, B2B sites, and the gray market. By integrating this information with their internal system, we give Inventec the ability to forecast potential component shortages that could lead to costly production shutdowns, missed deliveries and lost revenues."
"The power of New Momentum's software," said Greg Angel, General Manager, IC Trends, "gives us the ability to meet our customers' needs to obtain constrained parts and dispose of excess inventory more quickly, using less resources and with better results. As an independent distributor with global accounts, New Momentum gives us a strong competitive edge."
About New Momentum
New Momentum offers supply chain risk management solutions that provide tools to reduce operational risk and improve revenue and profits for companies who make or use electronic components in their products. Armed with New Momentum's open market data, which is difficult or impossible to get any other way, enterprises can better manage supply interruptions, protect their brand and intellectual property, improve partner compliance, reduce surprises in asset valuation and provide excess inventory resolution.
CONTACT: Chris Jensen, VP Marketing of New Momentum, +1-714-803-1432, email@example.com
Web site: http://www.newmo.com/