UST, a digital transformation solutions company, has announced its strategic partnership with ThinkIQ, a pioneer of Digital Manufacturing Transformation SaaS, to develop a solution that optimizes production yields by integrating advanced visibility with process optimization capabilities.
This will further enhance UST’s offerings to Retail, CPG, and Manufacturing core verticals to achieve optimized supply chain operations from source to consumption.
“Supply chains are becoming increasingly complex, especially with the significant disruption due to the pandemic and global economic issues. Monitoring and preventing product integrity issues before they come into distribution or directly into manufacturing processes is key to enabling optimal process modelling. With ThinkIQ’s capabilities and UST’s digital transformation expertise, we can better support our clients and improve their production yield and customer satisfaction to levels not previously attainable,” said Mark Holmes, Supply Chain Practice Leader, UST.
“From the Fortune 500 to the Global 2000 companies, across all industries, will now be able to receive, analyze and act on product integrity information, anytime, anywhere along the entire supply chain in a seamless, pro-active and optimized way,” he added.
“Optimizing supply chains with pro-active monitoring of inventory down to item level will allow analysis of important raw material and product integrity issues proactively before they enter into production to enable optimal process yield optimization,” a statement made by the company said.
“ThinkIQ’s ability to track material flow through the entire process as opposed to just looking at individual equipment status is pivotal to transforming Smart Manufacturing today,” said Doug Lawson, Chief Executive Officer, ThinkIQ. “Our partnership with UST brings the best of ThinkIQ technology with UST’s understanding of digital transformation to deliver unprecedented traceability and insight into ways to improve yield, quality, safety, and compliance while reducing waste and achieving Industry 4.0 status.”
