Inventory Management: Pentel Implements Prescient's Vendor Managed Inventory Solution

Prescient Applied Intelligence, Inc. the provider of supply chain and commerce solutions for retailers and suppliers, recenlty announced that Pentel of America has implemented Prescient's vendormanaged inventory (VMI) solution. Pentel conducts VMI with McLane, an industry leader in distribution that services more than 50,000 retail locations and distributes Pentel's products to Wal-Mart.

Pentel, one of the leader in the manufacture and sale of writing instruments and art materials, is using Prescient's VMI solution to gain greater visibility into inventory movement; compare forecasts from multiple sources; generate more accurate orders; ship product more efficiently; and reduce returns. The VMI suite includes Prescient's demand, inventory, and replenishment planning modules.

"Because we have so much more visibility into overstocks, we ended this year's back to school season with half the returns," said Steve Koch, supply chain manager for Pentel. "Prescient also allows us to compare our forecasts to current inventory levels, while giving us the ability to view, plan for, and fulfill future orders."

"Prescient's industry-leading VMI solution gives Pentel a consolidated view of all pertinent data," said Jane Hoffer, president and CEO of Prescient. "Greater visibility means more accurate orders, better replenishment plans, operational efficiencies, and ultimately, happier trading partners."

About Prescient Applied Intelligence
Prescient, founded in 1985, is a leading provider of supply chain and advanced commerce solutions for retailers and suppliers. Prescient's solutions capture information at the point of sale, provide greater visibility into real-time demand and turn data into actionable information across the entire supply chain. As a result, the company's products and services enable trading partners to compete effectively, increase profitability and excel in today's retail business climate. Household brand names like Ahold, Coors, Domino's Pizza, Meijer, Rite Aid, Sara Lee, Schwan's, SUPERVALU, and Wyeth rely on Prescient. For more information, go to www.prescient.com.

SOURCE: Prescient Applied Intelligence, Inc.