ANN ARBOR, Mich.--(BUSINESS WIRE)--LLamasoft, a global leader in supply chain design solutions, is proud to announce that it has been recognized by Supply & Demand Chain Executive, a leading supply chain publication, as a recipient of a SDCE 100 Award for 2018. The company received this award for its work with Renting Colombia, a leasing and fleet organization, which enabled Bancolombia, Colombia’s largest bank, to cut expenses 13 percent by approaching cash management through the lens of supply chain management.
“Being tasked with optimizing the cash management processes of Bancolombia was challenging because the use of an optimization software is unusual in this type of business and also because the size and complexity of the model,” said Catalina Maria Velásquez Posada, productivity manager of Renting Colombia. “We’re happy to introduce the decision-making culture based on modeling processes and analytics, and help Bancolombia realize savings of thirteen percent.”
“We are honored to receive this award alongside our friends at Renting Colombia for a very innovative use of our solution,” said Razat Gaurav, CEO of LLamasoft. “What most people don’t realize is that many financial institutions today struggle to efficiently manage cash as their primary ‘inventory’ within a supply chain. Rigid policies based on legacy practices need to be challenged so customer satisfaction levels are significantly improved. If gone unchanged, this could result in lost business, unnecessary business expenses and frustrated customers for banks. We’re happy we could work with Renting Colombia to optimize the management of cash inventory across the network for Bancolombia.”
The SDCE 100 is an annual list of 100 great supply chain projects. These projects can serve as a map for supply chain executives who are looking for new opportunities to drive improvement in their own operations. The winners highlight how supply chain solution and service providers can help their customers and clients achieve supply chain excellence and success.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us on the web at www.SDCExec.com.
About LLamasoft, Inc.
LLamasoft supply chain design software helps organizations worldwide design and improve their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations.