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Inventec Signs Agreement for New Momentum Supply Chain Risk Management Software
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.
SOURCE New Momentum
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