Supply chain optimization solutions provider Quintiq Inc., announced that Walmart selected the company’s next-generation load assignment and dispatch system to lower the total miles driven and improve fleet efficiency.
“We are delighted with Walmart's choice of Quintiq,” said Victor Allis, CEO of Quintiq. “We believe this demonstrates that no supply chain is too large or complex for our state-of-the-art supply chain optimization software.”
The Quintiq Software, configured for the retail and distribution industry, is used to support the logistics load managers at Walmart with assigning loads to driver-truck combinations to create optimal sets of trips, and to dispatch those trips through an on-board computer to the driver. Based on real-time updates from the driver’s on-board computer, Quintiq’s optimization engine continuously re-optimizes the sequence of trips and provides recommendations to logistics load managers through its user interface.
Quintiq software is based on in-memory technology that provides direct feedback to the end-user and allows for increased visibility of a retail supply chain, according to the company. Fast system feedback to end users is necessary, especially in a logistical environment where decisions need to be made within seconds. The in-memory technology allows for users to evaluate the impact of their individual decisions on the overall performance indicators in a real-time environment.
Quintiq was founded in 1997 and has headquarters in The Netherlands and the U.S.