Aims to provide real-time detection of inventory risks and liabilities across the supply chain network
India, Mumbai, June 30, 2009: Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today launched an Inventory Liability and Risk Management Dashboard in collaboration with SAP. The solution, built on top of the SAP® Supply Network Collaboration (SAP SNC) application and leveraging the SAP BusinessObjects™ Xcelsius® Enterprise software, helps enterprises calculate in near real time the monetary value of the inventory which is at risk at any given point across the supply chain. Based on a model that utilizes key supply chain metrics like inventory exposure and inventory obsolescence, the solution allows multi-tier visibility into the inventory risk profile across the supply network. This allows for proactively minimizing financial risks and liabilities of original equipment manufacturers (OEMs) in the high-tech industry. This solution for the high-tech industry and was recently showcased at the SAPPHIRE® 2009 Orlando conference.
The offering empowers high-tech organizations with the ability to track inventory exposure at each tier of the supply chain, and reduce obsolescence cost through optimal inventory decisions. Through this solution, Patni offers a real-time, end-to-end picture of supply and demand performance with decision support capabilities. It helps high-tech organizations take proactive actions to control inventory exposure due to sudden shifts in customer demand or product discontinuances and reconfigurations.
“Patni, in association with SAP, has launched this offering to help OEMs in the high-tech industry prevent margin erosion due to excess or obsolete inventory and also improve the overall cash flow across the supply chain network,” said Mr. Raghunath Mahalingam, Senior Vice-President, EAS and Head, SAP Practice, at Patni. “In times of economic recession, as companies are fighting to stay afloat, this offering can provide as much as a 20 percent reduction in inventory costs, along with a more agile and efficient supply chain for OEMs and their suppliers alike.”
“Built on top of SAP SNC and leveraging SAP BusinessObjects Xcelsius Enterprise, the solution addresses a key challenge faced by high tech OEMs in the current economic environment,” said Holger Fritzinger, Vice-President, Industry Business Unit High Tech, SAP Labs LLC. “By deploying this solution, high-tech OEMs will be able to exercise better visibility and control of their critical inventory and suppliers.”
About Patni:
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of over 14,500; multiple global delivery centers spread across 12 cities worldwide;27 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 719 million for the year 2008.
Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its clients’ businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 (V 1.2) organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.
For more information on Patni, visit www.patni.com.
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Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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