InnoVites and Crypsis develop innovative software to reduce material costs
03/12/2009 » InnoVites B.V. announces that it has contracted Crypsis to co-develop innovative technology that allows InnoVites’ customers to reduce material costs. Crypsis applies state-of-the-art optimization technology to determine the optimal cutting plans in cable manufacturing and distribution operations. InnoVites integrates this technology in its ERP business software, helping its customers to minimize scrap and handling costs, while maintaining highest delivery performance.
InnoVites B.V. (www.innovites.com), a software development company, with offices in India and The Netherlands announces today that it has entered into an agreement with Crypsis to add advanced optimization capabilities to its ERP business software for wire and cable companies.
This innovative software solution will help InnoVites customers to minimize material costs. The optimization software will be fully integrated in the existing ERP business software from InnoVites. This new feature will create optimal cutting plans, while minimizing the costs of scrap.
Albert Groothedde, CEO at InnoVites, comments: “The wire&cable industry is very sensitive to material usage. Over 80% of the cost price of a cable is determined by just material costs. That’s why we are excited to offer our customers this innovative solution. We believe it has direct impact on the bottom line of the operations of our customers.”.
Tarun Jain, Director at Crypsis, adds: “We went through a very interesting process of gathering deep understanding of the business needs in the wire&cable industry. It's very satisfying to see that we can create value for these companies using the latest available optimization technologies.
About InnoVites: InnoVites is an Independent Software Vendor with offices in India and The Netherlands. InnoVites is exclusively focused on the cable industry. InnoVites sells and develops the Industry Solution for the cable industry on Microsoft Dynamics AX. At InnoVites we believe that only a software solution with a natural fit with a cable manufacturing company will deliver its full potential and unleashes enormous business value to our customers in the cable industry.
For more information, please refer to:
(e) info@innovites.com
(t) +31 (0) 318 541 943
About Crypsis: Crypsis (www.crypsis.net) is a young company founded by the alumni of IIIT Hyderabad, one of the premier universities in India dedicated to high end research in Computer Science. Crypsis is supported by IIIT’s Center for Innovation and Entrepreneurship and builds on the immense knowledge base of various large research groups at IIIT Hyderabad. Crypsis provides technology solutions in the broad areas of Visual Information Processing, High Performance Computing, Geo Positioning and Enterprise Information Systems.
For more information, please refer to:
(e) contact@crypsis.net
(t) +91 921 241 7070
About Microsoft Dynamics AX: Microsoft Dynamics AX (formerly Microsoft Axapta) is an adaptable business-management solution that enables you and your people to make business decisions with confidence. Microsoft Dynamics AX works like familiar Microsoft software, such as Microsoft Office programs and Microsoft SQL Server. The result: You can build on the investments in systems and software that your company might already use. Plus, the familiar working environment helps lower learning curves so users can focus less on technology and more on their business goals. Microsoft Dynamics AX looks and works similar to Microsoft Outlook. This familiarity helps make it easier for your people to learn and the business system. You can define links to "favorite" forms and applications for each user, and provide easy access to them from individual screens.
For more information, visit http://www.microsoft.com/dynamics/ax/default.mspx.
This innovative software solution will help InnoVites customers to minimize material costs. The optimization software will be fully integrated in the existing ERP business software from InnoVites. This new feature will create optimal cutting plans, while minimizing the costs of scrap.
Albert Groothedde, CEO at InnoVites, comments: “The wire&cable industry is very sensitive to material usage. Over 80% of the cost price of a cable is determined by just material costs. That’s why we are excited to offer our customers this innovative solution. We believe it has direct impact on the bottom line of the operations of our customers.”.
Tarun Jain, Director at Crypsis, adds: “We went through a very interesting process of gathering deep understanding of the business needs in the wire&cable industry. It's very satisfying to see that we can create value for these companies using the latest available optimization technologies.
About InnoVites: InnoVites is an Independent Software Vendor with offices in India and The Netherlands. InnoVites is exclusively focused on the cable industry. InnoVites sells and develops the Industry Solution for the cable industry on Microsoft Dynamics AX. At InnoVites we believe that only a software solution with a natural fit with a cable manufacturing company will deliver its full potential and unleashes enormous business value to our customers in the cable industry.
For more information, please refer to:
(e) info@innovites.com
(t) +31 (0) 318 541 943
About Crypsis: Crypsis (www.crypsis.net) is a young company founded by the alumni of IIIT Hyderabad, one of the premier universities in India dedicated to high end research in Computer Science. Crypsis is supported by IIIT’s Center for Innovation and Entrepreneurship and builds on the immense knowledge base of various large research groups at IIIT Hyderabad. Crypsis provides technology solutions in the broad areas of Visual Information Processing, High Performance Computing, Geo Positioning and Enterprise Information Systems.
For more information, please refer to:
(e) contact@crypsis.net
(t) +91 921 241 7070
About Microsoft Dynamics AX: Microsoft Dynamics AX (formerly Microsoft Axapta) is an adaptable business-management solution that enables you and your people to make business decisions with confidence. Microsoft Dynamics AX works like familiar Microsoft software, such as Microsoft Office programs and Microsoft SQL Server. The result: You can build on the investments in systems and software that your company might already use. Plus, the familiar working environment helps lower learning curves so users can focus less on technology and more on their business goals. Microsoft Dynamics AX looks and works similar to Microsoft Outlook. This familiarity helps make it easier for your people to learn and the business system. You can define links to "favorite" forms and applications for each user, and provide easy access to them from individual screens.
For more information, visit http://www.microsoft.com/dynamics/ax/default.mspx.
« back
Other news items
- 01/02/2012 »
InnoVites and Cimteq to launch CableCircle.com at Seminar during Wire 2012
Full story » - 17/12/2011 »
Twentsche Kabelfabriek BV selects CableBuilder after successful pilot project
Full story » - 14/12/2011 »
InnoVites at Wire Düsseldorf 2012 – IT innovations that enhance your business
Full story » - 10/12/2011 »
InnoVites releases bottle-neck scheduling solution for cable manufacturing
Full story » - 28/10/2011 »
CCI implements the complete InnoVites software solution for cable manufacturing
Full story » - 06/08/2011 »
InnoVites showcases business solutions for wire&cable in Thailand
Full story » - 12/07/2011 »
Mr. Damodaran, Siechem Cables: CableBuilder, the ultimate design tool for cables
Full story » - 19/03/2011 »
RR Kabel Ltd. chooses InnoVites to deliver cable specific ERP solution
Full story » - 01/03/2011 »
Austech streamlines operations with InnoVites integrated cable solution
Full story » - 23/02/2011 »
See the latest business solutions of InnoVites at Interwire 2011
Full story »
