Logistics News

Schneider Electric buys Aussie-made software

Energy management company Schneider will acquire Adelaide-based SolveIT's supply & demand chain optimisation and modelling software

September 14, 2012

Energy management company Schneider will acquire Adelaide-based SolveIT’s supply & demand chain optimisation and predictive modelling software.

SolveIT’s award-winning applications are based on proprietary platforms for advanced optimisation, prediction, and what-if analysis, and can optimise production and supply chain activities on both a local (plant) and global (network) level.

SolveIT’s Matthew Michalewicz
says its applications are recognised globally for enabling organisations such as Rio Tinto, BHP Billiton and Xstrata optimise production and demand chain activities.

“SolveIT’s advanced demand planning and forecasting tools help industrial operations to manage their end to end demand chain and execute optimised plans taking into account existing and future constraints such as impact of workforce variability and market conditions,” Michalewicz says.

The tools also help optimise production, storage, logistics and distribution activities by running predictive analysis and ‘what if’ simulations.

Schneider Electric expects to utilise the solutions to enhance its market presence in the management space by providing the forecasting, optimisation and modelling capability.

The company already regards itself a market leader market in production analytics tools in the mining, minerals, metals and general manufacturing sectors.

“Together, this combined capability is a unique differentiator in the market and provides a capability that the major industrial players are currently demanding,” Michalewicz says.

“The combined platform will enable customers to deliver more from their existing assets than ever before and thereby maximise profitability per unit output.”

Schneider Electric has a long history of acquisitions in Australia capitalising on local knowledge and design to improve solutions offering for targeted market segments in Australia and overseas.

“With SolveIT Schneider Electric will be able to offer customers more visibility in the complex and fast moving industries,” Michalewicz says.

“Now more than ever customers are being pressured to deliver more competitively and Schneider Electric is now in a perfect position to deliver it.

“With comprehensive predictive modelling for production planning, scheduling and optimisation, the acquisition of SolveIT will help customers to unlock the utilisation and productivity that exists in their current assets but was previously not visible.”

SolveIT’smining software applications cover exploration management, mine planning and scheduling, and mine-to-port logistics optimisation.

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