Westmont, IL, July 17, 2001— Silvon Software, Inc. today announced Version 2.0 of its Stratum™ suite of business performance management applications. The new release includes more than 65 additional Key Performance Indicators (KPIs) covering the management processes of Plan, Source, Make and Deliver as defined by the Supply Chain Council’s Supply Chain Operations Reference-model (SCOR).
“Silvon has found extreme value in the SCOR model because it can be used by organizations to build integrated supply chains through its common supply chain framework, standard terminology, common metrics and best practices,” said Michael J. Hennel, president and CEO of Silvon. “Our premise for Stratum is to provide the infrastructure required by our customers not only to plan and analyze their own business performance, but also to share those performance measurements with suppliers, manufacturers and customers in order to improve overall supply chain performance. For those organizations that follow the SCOR model and are interested in supply chain industry best practices, we believe these KPIs make it easier to add significant value to the overall performance management process.”
The KPI measurements in Stratum are designed to enable business users to measure business efficiency; provide a context for enterprise goals; monitor and improve operational performance; link manufacturing, product lifecycle and supply chain processes; integrate business goals with industry-specific indicators; and incorporate historic and predictive modeling. Using Stratum, executives and managers can proactively monitor KPIs and "push" unacceptable performance to the appropriate KPI owner(s), view and trend how KPIs have changed over time, and gain comparisons of KPIs across business levels through the use of scorecards.
“Silvon’s addition to Stratum of SCOR-based KPI measurements further supports the movement toward standardizing the supply chain management process by offering commonly accepted metrics that can stimulate internal and external improvements in supply practices,” said David A. Hough, Director of Supply Chain Management at Precision Systems Concepts and a charter member of the Supply Chain Council’s SCOR Plan Committee. “It’s encouraging to see enterprise software companies like Silvon adopt and imbed applications within their solutions which follow the SCOR-model. Without their support of metric standardization, the development of meaningful benchmarks, particularly those that cross industry lines as goods and services move up and down the supply chain, would not be possible.”
Stratum KPIs address each of the four management process areas within the SCOR model: Plan, Source, Make and Deliver. The following are examples of the KPI metrics in these process areas:
PLAN: Cash-to-Cash Cycle Time, Inventory Carrying Cost, Inventory Days of Supply, Supply Chain Finance Costs
SOURCE: Percent Defective, Percent Of Parts Delivered To Point Of Use, Percentage of Orders Scheduled to Customer Request
MAKE: Indirect to Direct Labor Headcount Ratio, Inventory Accuracy, Inventory Cycle Counting Accuracy, Value-Added Employee Productivity
DELIVER: Days Sales Outstanding, Delivery Performance to Customer Request Date, Delivery Performance to Scheduled Commit Date, Perfect Order Fulfillment, Transportation Costs
About Stratum
The Stratum suite of analytic applications is currently available from Silvon and features completely integratable modules for Sales Performance Management, Marketing Performance Management, Manufacturing Performance Management, Procurement Performance Management, e-Business Performance Management, Customer Relationship Analytics and Activity Cost Management. The Stratum suite includes Silvon's DataTracker technology featuring a relational data warehouse, on-line analytical processing engine, closed-loop processing functionality, a built-in planning application, and enterprise connectors for extracting, transforming and loading data from ERP, CRM and other web-based business transaction systems into the data warehouse for analysis purposes. The product line also features hundreds of pre-built, best-of-breed analytical views and reports based on supply chain-specific business models. For more information on Stratum, visit www.silvon.com/products/stratum.php or call 1-800-874-5866.
About Silvon Software
Silvon Software is a global supply chain-focused business intelligence solutions provider headquartered in the western Chicago suburb of Westmont, Illinois. Since 1987, Silvon has focused on software-based business intelligence/analytic application solutions for manufacturing, wholesale distribution and retail organizations. Silvon solutions are predicated on the fact that a better business understanding will empower the move toward an optimized supply chain. Silvon clients benefit from improving business practices and profitability by leveraging analytic information on customers, suppliers, and operational performance. Silvon's analytic applications run on the IBM AS/400, Windows NT and Unix, and are supported by a network of OEMs, value-added resellers and independent distributors. The company's solutions are currently installed in more than 1,400 sites worldwide.
Pat Hennel
Silvon Software, Inc.
Phone: 630-655-3313
pat.hennel@silvon.com
Tim Boivin
TechImage (for Silvon Software)
Phone: 847-279-0022 (x229
tim.boivin@techimage.com