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by Alan Alper, MA Editorial Staff
Posted on Friday, August 05, 2005 12:47:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    A startup founded by an executive team schooled in the sweet art and science of supply chain planning and execution this week unveiled plans to offer a suite of predictive applications driven by event data gleaned from a variety of collection points, including RFID networks. The company, TrueDemand Software Inc. (Los Gatos, CA), is led by CEO Eric Peters, a former senior executive vice president of supply chain software vendor Manhattan Associates Inc. Funded to the tune of $6 million by Silicon Valley venture capital powerhouses Bay Capital and Mayfield Partners, the startup's applications will use specially designed algorithms when they are released in the fourth quarter to recognize and predict supply chain patterns to help manufacturers reduce out-of-stocks and excess inventory. Among TrueDemand's co-founders are vice president of business development Raymond Blanchard, who was SAP America's Auto-ID business development director within its Manufacturing Business Solutions Group; director of product management Jie Weng, who from 2000 to 2004 was an SAP research scientist working on the company's Auto-ID Infrastructure (patent issued); and Dr. Hau Lee, who is a professor of management science and engineering at Stanford University's Graduate School of Business, and is acting as an advisor to the company. [Click to continue] |
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