XTIVITY Inc. Launches First-Ever MRO Inventory Optimizer

LONDON, Ontario, June 1 -- XTIVITY Inc. announces the full-scale launch of xIO Inventory Optimizer -- the only software tool on the market proven to optimize MRO inventories.

What makes xIO unique is its ability to calculate accurate Order Points and Order Quantities for both frequently used and sporadic-use MRO inventory items. A distinction that sets it apart from every ERP, CMMS and EAM system on the market according to Stephen L. Pearce, author of the xIO software and XTIVITY's VP Research & Development.

"When faced with the challenge of ordering sporadic-use items, most companies rely on intuition, or on forecasting methods and ERP systems designed for frequently used items," says Pearce. "But since sporadic-use items can account for up to 85% of MRO inventories, this erroneous forecasting often translates into the regular purchase of millions of dollars in inventory items that are never used or may not be required for use for years."

The xIO software remedies this by identifying declining usage stock items in an existing inventory and preventing ongoing purchases. xIO uses proven scientific methods to calculate correct Order Points and Order Quantities, so min/max levels accurately reflect consumption activity. The result is increased fill rates and measurable bottom-line savings that continue perpetually.

Pearce developed the scientific method for forecasting sporadic-use items in the 1990s following his doctoral work on forecasting at Texas A&M University. As a consultant to industry, Pearce began implementing the xIO solution for Fortune 100 companies in 1996.

In 2004, Pearce joined XTIVITY founders Ned Meyer and John Cowan to bring the xIO Inventory Optimizer to market-wide launch under the XTIVITY Inc. banner.

XTIVITY President John Cowan explains how the xIO launch coincides with market-wide demand. "xIO Inventory Optimizer brings Sarbanes-Oxley level compliance to Operations," he says. "It equips organizations with the right information to make inventory control decisions, which enables executives to have confidence in those decisions for the first time."

xIO is currently deployed in leading companies in refining, mining, food, transportation and automotive industries.

XTIVITY Inc. Provides software and services that deliver tangible hard-cost savings and efficiencies to the refining, mining, food, transportation and automotive industries. The Xtivity Inventory Optimizer (xIO(TM)) is the only software tool on the market.