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Honeywell Provides Comprehensive Collaborative
Manufacturing Strategy for the Chemical and Petrochemical
Industries
EBusiness.FLEX Value Chain Management Solution
Bridges the Gap between Supply Chain Planning and Execution.
April 8
2002 - Honeywell
[NYSE:HON] Industry Solutions and WAM Systems, Inc. today
announced a multi-level strategic agreement to deliver a unique
and comprehensive enterprise solution for the chemical and
petrochemical industries.
The
solution, called Business.FLEX® Value Chain
Management, seamlessly integrates production-centric manufacturing
solutions from Honeywell with advanced supply chain planning
solutions from WAM Systems. By embedding the WAM Systems solutions
into its Business.FLEX solutions, Honeywell drives optimized
execution and planning of procurement, production, transportation,
and distribution for chemical and petrochemical manufacturers. The
Business.FLEX Value Chain Management solution enables development
and execution of effective, efficient business decisions that
result in increased profitability.
Steve
Banker, Director of Supply Chain for the ARC Advisory Group, said,
“Prior to the Honeywell/WAM alliance, process companies have had
far fewer supplier choices in Supply Chain Management (SCM) than
their colleagues in the discrete industries.”
“Honeywell's
Business.FLEX Value Chain Management solution delivers a new
solution that bridges the gap between supply chain planning (SCP),
supply chain execution (SCE), and process automation,” Banker
said.
The
strategic agreement between Honeywell and WAM leverages
Honeywell’s expertise in providing innovative automation and
business solutions and WAM’s unsurpassed supply chain planning
expertise within the chemical industry. The combination increases
solution depth and breadth, creating a truly collaborative,
comprehensive solution for the chemical and petrochemical
industries.
Business.FLEX
Value Chain Management, marketed and supported by Honeywell, fully
embeds WAM’s Advanced Supply Chain Planning solution within
Honeywell’s Collaborative Manufacturing software suite and
platform for the chemical and petrochemical industries.
Honeywell’s investment in this agreement with WAM encompasses
expanded product development, sales and marketing support, and
complete integration of WAM’s software suite into Honeywell’s
Collaborative Manufacturing Strategy.
Virginia
Burnell, Vice President and General Manager of Honeywell Industry
Solutions’ Energy Business, said, “We are very pleased to
announce our strategic agreement with WAM Systems. WAM’s proven
supply chain planning solutions, specifically designed to meet the
demands of multi-plant and complex chemical and petrochemical
supply chains, are perfectly targeted to address the complex
decision-support needs of our customers.”
“For
the first time, chemical and petrochemical manufacturers will have
a comprehensive business solution that is linked to real-time,
plant-level execution systems and that offers visibility to
internal operations and suppliers, trading partners, and
customers,” Burnell said. “The Business.FLEX Value Chain
Management solution is a catalyst to enhance our customers’
profitability and their customer relationships. It brings key
planning and execution data to all decision-makers within a
chemical or petrochemical operation. In the face of difficult and
challenging market conditions, the solution and our overall
Collaborative Manufacturing Strategy will make it possible for
chemical and petrochemical manufacturers to improve performance,
remain competitive, and increase profitability.”
Jack
Weiss, CEO of WAM Systems, said, “We’ve combined WAM’s deep
understanding of the chemical industry and supply chain planning
domain expertise with Honeywell’s solid history of delivering
global business automation solutions. Honeywell’s strong process
expertise and their Collaborative Manufacturing framework, coupled
with our proven supply chain package, result in a unique,
comprehensive solution that captures value for companies in the
worldwide chemical and petrochemical industries. It provides these
companies with the capability to significantly increase
productivity through internal and external collaboration.”
The
Business.FLEX Value Chain Management solution includes an
integrated suite of supply chain decision-support applications
used extensively by global chemical and petrochemical
manufacturers. It provides an integrated set of strategic and
tactical planning solutions that optimize all aspects of the
supply chain, from sourcing through manufacturing, distribution,
demand management, and trading partner collaboration.
With
the additional functionality provided by Business.FLEX Value Chain
Management planning models, Honeywell’s Collaborative
Manufacturing Strategy delivers far broader and deeper coverage
than previously available, supporting strategically important
chemical and petrochemical applications, services, and business
processes from start to finish. It is the first truly
collaborative platform that enables the collection of raw data
from a variety of applications, including process control and
legacy applications; and transforms the data into useful
information to support strategic decision making across an
enterprise. The joint solution is available now for customer
implementation.
WAM
Systems, Inc. develops and markets advanced supply chain planning
solutions designed exclusively for the chemical industry. PICASO™,
its premier advanced supply chain planning solution used by
leading chemical manufacturers, provides a broad set of
Internet-enabled decision support and optimization tools that
address collaborative sales forecasting, production optimization,
inventory management, distribution network optimization,
production planning and scheduling, and procurement planning. The
company also provides a full range of support, training, and
implementation services. Its customers include Basell Polyolefins,
BP Solvay, Chevron Phillips, Cyro, Equistar, ExxonMobil, Lyondell,
Pecom Energia, SABIC, and Solvay. Founded in 1987, WAM Systems is
a privately held company headquartered in the suburbs of
Philadelphia, Pennsylvania. For more information on WAM Systems,
Inc., visit www.wamsystems.com.
Industry
Solutions, a global business
in the Honeywell Automation and Control Solutions group (ACS),
provides automation and business solutions that help customers
achieve improved productivity, compliance, safety, and
decision-making. ACS is a US$8 billion global leader in providing
product and service solutions to create efficient, safe, and
comfortable environments and help business and industry improve
productivity and profitability. It comprises four businesses:
Industry Solutions; Service; Security and Fire; and Control
Products. ACS offers heating, ventilation, humidification and
air-conditioning equipment controls, security and fire alarm
systems, home automation systems, energy-efficient lighting
controls, and building management systems and services. It also
provides automation systems, advanced software solutions, and
value-added services used in a variety of industries. ACS is also
a global supplier of sensors, switches, and control products for
industrial applications. For more information about Industry
Solutions, access http://www.iac.honeywell.com
Honeywell
is a US$24-billion diversified technology and manufacturing
leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry;
automotive products; specialty chemicals; fibers; plastics; and
electronic and advanced materials.
Honeywell employs approximately 115,000 people in 95
countries and is traded on the New York Stock Exchange under the
symbol HON, as well as on the London, Chicago and Pacific stock
exchanges. It is one
of the 30 stocks that make up the Dow Jones Industrial Average and
is also a component of the Standard & Poor’s 500 Index.
Additional information on the company is available on the
Internet at www.honeywell.com.
This
release contains forward-looking statements as defined in Section
21E of the Securities Exchange Act of 1934, including statements
about future business operations, financial performance and market
conditions. Such
forward-looking statements involve risks and uncertainties
inherent in business forecasts as further described in our filings
under the Securities Exchange Act.
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Honeywell
Industry Solutions
Avenue
du Bourget 3
1140
Brussels, Belgium
32
2 728 2369
Honeywell
Contact:
Erik
Rasmussen
(602)
313 - 4054
Industry Systems
erik.rasmussen@honeywell.com |
WAM
Systems Contact:
Maria Novak
(484) 530 -4391
marianovak@wamsystems.com |
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