Annual Award Highlights Welch's Use of Oco's BI Solution to Achieve Cost Savings, Process Improvements, Supply Chain Collaboration
WALTHAM, Mass. - Dec 23, 2009 - Oco, Inc., a leading Software-as-a-Service (SaaS) provider of business analytics solutions, announced today that its customer, Welch's, the leading food and consumer packaged goods company, has been awarded the Supply Chain Performance Leadership award by Ventana Research, as part of its 2009 Leadership Awards. The award recognizes Welch's use of Oco's business intelligence (BI) solutions to achieve greater supply chain performance and collaboration in its transportation operations, resulting in streamlined processes, significant cost reductions and improved customer service performance and on-time delivery.
"We're very honored by this recognition from Ventana," said Bill Coyne, director of purchasing and logistics for Welch's. "Welch's has always been committed to using technology to improve operations and customer satisfaction, and Oco has provided us with a terrific solution for accomplishing that in our transportation operations. We achieved ROI using Oco's analytics within the first 30 days, and we're finding new value in the Oco solution nearly every week.
"Oco's advanced analytical solution gives us greater visibility into many dimensions of our transportation operations, and allows us to project future usage to reduce costs, increase utilization and improve performance. In addition, interactive dashboards allow us to monitor many additional aspects, such as customer service performance, departmental productivity, and the potential impact of operational changes," Coyne added.
"We are pleased that Ventana Research, a leading market research firm, has recognized Welch's leadership in supply chain management," said William Copacino, president and CEO of Oco, Inc. "We are also happy that our BI solution helps Welch's reduce costs, improve operational performance, and extend visibility to its supply chain partners."
Ventana Research has just announced the winners of the 2009 Leadership Awards, recognizing those organizations that have most effectively delivered business success using people, process, information and technology best practices. The awards were designed to highlight exemplary individuals and organizations that have demonstrated business leadership. The awards were judged by the world-renowned research team at Ventana Research.
"The Leadership Awards honor organizations of all sizes and industries from across the world that have distinguished themselves in their approach to improving their performance," said Mark Smith, CEO and EVP Research, Ventana Research. "Welch's is to be congratulated for the superior work it has done within its supply chain to accelerate growth and improve competitiveness."
Oco's business intelligence solution provides Welch's with a detailed breakdown of fuel and other key transportation charges, which can be analyzed by carrier, customer, type of shipped product, shipping lane, geographic area, and mode of transportation. It also enables carriers to report on actual delivery performance, a measurement that affects how Welch's is viewed by its own customers. Welch's also uses the solution to produce carrier scorecards and compliance reports, enabling it to quantify carrier performance and gain better understanding of customer service metrics.
About Ventana Research
Ventana Research is the leading benchmark research and advisory services firm. It provides expert guidance to help organizations manage and optimize performance - to become not only more efficient but more effective. Ventana Research focuses on business and technology trends and best practices that maximize organizations' potential to perform while reducing the time, cost and risk and still achieve optimal outcomes. To learn how Ventana Research advances the maturity of organizations use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com .
About Oco, Inc.
Oco is a leading provider of Software-as-a-Service (SaaS)-based business analytics solutions. The company provides complete BI solutions to customers such as Casual Male, Dunkin' Brands, Fidelity Investments, Office Depot and Welch's. Oco's unique business-centric approach to BI helps companies solve targeted business issues, achieve ROI within 90 days and triple their return on investment. Leveraging best-practice analytics, pre-built data models, and patented technology, Oco's SaaS-based solutions are delivered in a fraction of the time, at a fraction of the cost of traditional solutions, with fewer IT resource requirements than traditional approaches. In addition to its own product portfolio, Oco also offers an on-demand BI solution through its partnership with SAP BusinessObjects. Oco was founded in 1999 and its headquarters are in Waltham, Mass.
More information about Oco can be found at www.oco-inc.com.