DALLAS, Aug. 30, 2017 /PRNewswire/ -- o9 Solutions client Asian Paints ranks #8 of Forbes' 2017 World's Most Innovative Companies. 2017 marks the fourth year in a row Asian Paints has made the list. Forbes calculates scores for its list based on an "Innovation Premium." The calculation takes into account how much firms are investing in R&D, their current ROI adjusted for factors not relevant to quality of innovation, and how likely they are to continue achieving high ROI on initiatives. Asian Paints' high ranking reflects its continued focus in these areas and overall business rapid growth.
In 2015, Asian Paints partnered with o9 Solutions to help the Asian Paints marketing and supply chain organizations collaborate, analyze, and predict market demand across its diverse product portfolio and distribution channels, to effectively service its vast distribution network. On partnering with o9 and its AI-powered Platform, Harish Lade, General Manager – Systems at Asian Paints said, "To further improve upon our demand forecasting process, having a platform that allows sales and marketing to collaborate with supply chain was crucial. With our prior solutions, the demand management process was primarily a supply chain driven activity. We were looking for a solution that would allow our sales and marketing team to have a simple user experience that will allow us to work collaboratively and provide relevant market insights that impact demand in their geographies and products. o9 fit the bill after a thorough evaluation. The o9 team has delighted us by exceeding our expectations in delivery. They have been a true partner."
"Asian Paints is an innovation-minded and value-focused organization like we are and it's a great pleasure working with them. This is a testament to the strength of our AI-powered platform in driving viral adoption of collaborative planning processes in complex business environments, and our innovative rapid implementation methodology," said Chakri Gottemukkala, Co-Founder, President and CEO of o9.
ABOUT Asian Paints Limited
Asian Paints is India's leading paint company and ranked among the top ten Decorative coatings companies in the world with a consolidated turnover of INR 14,182.8 crores (INR 141.83 billion). Asian Paints along with its subsidiaries have operations in 19 countries across the world with 26 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings Taubmans and Kadisco.
ABOUT o9 Solutions, Inc.
o9 Solutions is the premier AI-powered platform for driving digital transformations of integrated planning and operations capabilities. o9's clients span a variety of industries across manufacturing and retail supply chain. Whether it is driving demand, aligning demand and supply, or managing P&L, any process can be made faster and smarter with o9's AI powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform, o9 empowers organizations with superior visibility and predictive and prescriptive insight. With o9's AI-powered solutions, enterprises can achieve faster, smarter decision making and execution.