TRW Forms Strategic Alliance with Paragon Management Systems
7 July 1999
TRW Forms Strategic Alliance with Paragon Management Systems to Deliver Supply Chain Optimization Solutions
RESTON, Va.--July 7, 1999--TRW Integrated Supply Chain Solutions, a premier global systems integrator, today announced a strategic alliance with Los Angeles-based Paragon Management Systems, a leading provider of supply chain optimization (SCO) software and services.The partnership will deliver end-to-end, industry-specific supply chain management solutions to industries such as semiconductor, automotive and consumer-packaged goods.
Building upon advanced planning and scheduling (APS) technology, Paragon augments TRW's extensive portfolio of integrated supply chain solutions and services for manufacturers. Featuring a proven Web-based SCO decision support system, it is the only system in the industry that can synchronize strategic, tactical and operational planning within a single native Web architecture environment for planning.
The supply chain optimization market, one of the most rapidly growing supply chain segments, offers performance advantages such as cycle-time reduction, improved customer satisfaction, profit improvement and increased potential for growth. Initial APS offerings were plagued by several shortcomings including: rudimentary optimization and heuristics; the inability to plan and optimize beyond the four walls of the factory; long implementation times; and minimal support for "what-if" analysis.
Paragon's "next generation" software suite features industry-specific template technology that enables more precise modeling of clients' environments; business-to-business collaboration among multiple users "live" via the Internet; deployment in four months or less; and powerful "what-if" scenario-based optimization and analysis capabilities.
TRW and Paragon will provide an SCO solution that will enable enterprises to plan and schedule with their customers "in the loop," providing a competitive advantage essential for business growth.
"Our alliance with Paragon underscores our strong commitment to the supply chain market in all of the industries we serve," said Chuck Alvord, TRW's vice president of advanced programs. "Paragon strengthens the APS sector of our total supply chain offering. Together, we will provide clients with true end-to-end solutions that optimize business performance and create supply-chain value."
"One of the key objectives of the TRW-Paragon partnership is to establish industry-specific templates that precisely represent our customers' environments," said Nima Bakhitiary, Paragon's executive vice president of marketing and alliances. "TRW's supply chain expertise and knowledge of our SCO solution will also help us reach global industries where TRW exerts a strong and superior vertical presence - another key objective."
Paragon Management Systems, Inc., with corporate headquarters in Los Angeles and sales and support offices worldwide, is a technology leader in supply chain optimization. Paragon provides software, consulting, and implementation services to multinational companies seeking to improve delivery performance, minimize excess or obsolete inventory, reduce cycle times, and improve synchronization of product flow within and between plants. Paragon's software suite is based on a single data model and provides real-time information critical to supply chain optimization, planning and scheduling, demand and transportation planning, and inventory management. To learn more about Paragon, please visit their web site at http://www.paragonms.com .
TRW Integrated Supply Chain Solutions (ISCS) delivers total supply chain solutions: management consulting, enterprise resource planning, supply chain optimization, manufacturing execution systems, and logistics execution systems. TRW Inc. provides advanced technology products and services for the automotive, aerospace and information technology markets worldwide. The company's news releases are available through TRW's corporate website http://www.trw.com .