Four Soft's web-centric supply chain tool has been recognised.
Following a detailed correlated research and selection process into the provision of software solutions to the transport and logistics industry, the Awards Committee at the Global Institute of Logistics (GIL) has designated FourSoft as the recipient of it’s “Award of Excellence” accreditation. The comprehensive study conducted by the research department of the Institute over the last year draws for a significant part on a quality-ranking system based on responses provided by concerned parties within the global logistics sector. The research department of the Institute has been conducting a comprehensive study into the provision and application of software solutions in the logistics sector over the last year and this has led to the Institute’s recognition of FourSoft. The Institute, in its research of supply chain management software, specifically looked at the standards applied by those in the information technology sector that are contributing to the development and advancement of logistics and best practice in the sector and accordingly marks FourSoft as leading the way in logistics applications.
One of the outcomes of the study sees FourSoft emerge as the unequivocal choice of the Awards Committee for conferring of its “Award of Excellence”, for its fully web-based software for supply chain management. FourSoft’s e-Supply is the first fully web-centric integrated enterprise application product which offers an end-to-end total solution, which created the first B2B, supply chain management services product in the world. E-Supply is the first software suite to meet the global demand for a fully web-based product that works seamlessly from one end of the supply chain to the other.
About FourSoft
FourSoft is a supply chain and logistics solutions provider. The central tenant of this technology company is to build enterprise solutions in supply chain process management. The company develops innovative software products, and provides IT consultancy services to the logistics and supply chain management marketplace. The company’s flagship product, e-Supply, is the world’s first fully web-based operating system and enterprise application to provide seamless execution across the operating and informational needs of a company's supply chain. The product links order processing, warehousing & distribution from multiple locations, and management of multi-modal transportation service providers through its suite of software. Started by a Stanford graduate, Palem Srikanth, its investors and employees have strong backgrounds in transportation operations, logistics management, finance and information technology from many parts of the world including USA, Europe, Singapore and India. Its Board of Directors includes Koh Boon Hwee, chairman of Singapore Airlines, David Beatson, director, Panalpina, Douglas Ash, chairman, Global Freight Exchange (GF-X) and Suresh Rajpal, Technova Global’s CEO. Their software development centre is based in the City of Hyderabad, India, with sales and support offices in Asia, Europe, and North America.
The current IPO is facilitating the raising of funds to finance the expansion of FourSoft’s existing facilities, set up international marketing network, target acquisitions and meet product development expenses.
Lead analyst at the Institute Siobhan Kelly explaining the Institute’s decision said:
‘The Global 3RD party logistics industry is eager for information, our analysis shows that Today's supply chain management efforts demand real time information. It is one of the most vital tools that lowers costs through efficient execution of logistics services while keeping inventory levels to a minimum. Logistics providers need interactive visibility to improve inventory flows. To achieve this, they must be able to communicate and share information with their supply chain partners in real time. An internet based solution provides the operating platform and tools necessary to manage inventory programmes.
Because FourSoft’s platform is a web-centric inventory management system, its customers have total flexibility and can add or close facilities to meet their demands and all that is required is little more than internet access. FourSoft’s solutions improve the speed of movement of goods through the transportation and logistics network, and improve the accuracy of information by automating the exchange of data between participants in the supply chain.’
Commenting on the award Palem Srikanth Reddy, Managing Director of Four Soft said:
“ 4S has invested over 150 man years and 1 million lines of code, in each of the products, on advanced web technology of J2EE. The recognition for our efforts is visible through our customers and consequent financial success of the company. However, this award from Global Institute of Logistics, is perhaps the single biggest recognition of the efforts, technology, products and future of 4S. We are extremely proud to be associated with GIL and thank them for this award”. |
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