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Tecsys Continues Unparalleled Momentum with the Addition of 10 New Customers and 25 New Bookings in Three Months Across Healthcare, 3PL and Retail Industries

Vlad Poptamas

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Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced broadscale momentum across its strategic industry verticals, posting a 72% increase in total contract value bookings over the same period last year, adding 10 new accounts and 25 new bookings across three continents. The supply chain software provider noted significant adoption of its SaaS platform across general distribution, 3PL and healthcare markets, and a strong market demand for cloud omnichannel fulfillment solutions in the retail sector.

Contributing to this success are several new brands across Tecsys’ key industry verticals. 3PL providers Howard Ternes Packaging and Western Nevada Supply, healthcare provider Rochester Regional Health, distribution organizations Rexel and Bickles Hardware & Supply, and retailer Politix are among the banners equipped for supply chain greatness through Tecsys’ supply chain software platform.

Of Tecsys’ 25 secured bookings in its second fiscal quarter, new business comes out of North AmericaEurope and Australia. This expanding global footprint is bolstered by the company’s SaaS offering, which reached a milestone this quarter by outperforming on-premise bookings value for the first time in Tecsys’ history.

“This is an industry that is undergoing a massive change at a time when older systems are aging out of relevancy,” said Peter Brereton, president and CEO of Tecsys. “The new companies we’re bringing on board is a reflection of really good businesses taking advantage of that perfect storm and equipping themselves for the complexity that will define the next era of their supply chain.”

Tecsys’ notable momentum reflects an accelerated market demand for upstream and downstream supply chain capabilities in line with a market shift toward retail and distribution supply chain convergence. Sophisticated omnichannel fulfillment demands have fueled the adoption of enabling technologies across the supply chain ecosystem; traditional distributors, 3PLs and retail networks are facing increased complexity as a result of digital disruption and new distribution channels.

“We are seeing remarkable dividends from our recent acquisitions, our network of global strategic partnerships and the renewed clarity of purpose afforded by our early 2019 rebrand,” continued Brereton. “Not only are the numbers impressive from a P&L standpoint, the depth of expertise we have added over the last six months alone has been truly world-class. Pair this with our investments in the future of our product through R&D, and we believe the market will continue to respond.”

Through Tecsys’ software solutions, the company solves complex operational challenges with software and services that simplify the end-to-end movement of products throughout the supply chain from initial receipt to final consumption. From retail, warehouse, transportation and point of use management to business intelligence and analytics, forecasting and demand planning, Tecsys solutions generate process efficiency, inventory control and regulatory compliance.

“The market is increasingly aware of Tecsys and the power of our supply chain execution software,” explained Bill King, chief revenue officer at Tecsys. “Every organization that deals with product at any stage of the distribution cycle requires a resilient system that scales and adapts to a moving target — from regulatory pressures and rapid growth to disintermediation and evolving customer expectations. With a strong global pipeline and improving win rate, we’re proving time and time again that we’re not only a viable alternative to the behemoth enterprise solutions, we eclipse them where it matters.”

To learn more about Tecsys, visit www.tecsys.com. Tecsys is also exhibiting at NRF Retail’s Big Show, January 12-14, 2020 in New York City, booth 744.

 

SOURCE Tecsys Inc.

Artificial Intelligence

Plant Asset Management Market (PAM) Worth $9.4 Billion by 2024 – Exclusive Report by MarketsandMarkets™

Vlad Poptamas

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According to the new market research report Plant Asset Management Market (PAM) by Offering (Software and Services), Deployment Mode (Cloud-based and On Premises), Asset Type (Production Assets and Automation Assets), End-user Industry (Process and Discrete), and Geography – Global Forecast to 2024″, published by MarketsandMarkets™, the Plant Asset Management Market is projected to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%. Major factors fueling the market growth include surging adoption of lean manufacturing practices by several organizations, increasing focus on providing cloud-based PAM solutions to satisfy customer demands, escalating demand for asset management software that can identify potential failures to avoid futuristic loss, and growing need for real-time data analytics.

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8606975

“Services to lead plant asset management market by 2024”

The deployment of PAM software is a costly process and a one-time activity, whereas PAM services that include maintenance needs, software upgrades, and personnel training are demanded by end-user industries continuously. Hence, PAM services have a more significant contribution to generating more revenue than PAM software solutions. Further, market players are focusing on offering industry-specific services to meet the ever-changing demands of different industries.

“Production assets to hold largest share of PAM market during forecast period”

Rising adoption of PAM solutions for monitoring rotating and reciprocating equipment, among others, across various industries is expected to drive the growth of the PAM market during the forecast period. Moreover, incidents of unplanned shutdowns or slowdowns due to equipment failures lead to high financial loss in terms of damage to equipment, production losses, and unscheduled maintenance. However, real-time health and performance insights encourage informed actions and decisions to improve plant efficiency minimizing risks of equipment failure, thereby reducing the wastage of valuable finances. Hence, the demand for PAM solutions is high to manage these production assets.

Browse in-depth TOC on “Plant Asset Management Market

109 – Tables

52 – Figures

178 – Pages

Asia Pacific to be largest market for PAM during forecast period”

Asia Pacific presents a substantial market for PAM. The PAM market in APAC is growing rapidly due to several advancements and technological innovations in different manufacturing industries. The adoption of PAM solutions is high in APAC due to the growing manufacturing sector in the region. Most of the key manufacturers from different industries have shifted their manufacturing plants in APAC due to the low labor cost and availability of a skilled workforce. These manufacturing units are using asset management solutions for the improvement in the overall manufacturing processes, which is expected to drive the growth of the PAM market in the region.

Enquiry Before Buying:

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=8606975

Major players in the PAM market are Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Siemens (Germany), and SKF Group (Sweden).

Please Explore Relevant Reports:

Smart Factory Market by Technology (DCS, PLC, MES, ERP, SCADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), Industry, and Geography – Global Forecast to 2024

Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), Industry, and Geography – Global Forecast to 2024

 

SOURCE MarketsandMarkets

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Artificial Intelligence

Happy Lunar New Year! Canada Post celebrates Year of the Rat

Vlad Poptamas

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Year of the Rat stamp

 

Canada Post has issued two stamps celebrating the Year of the Rat – representing the first year in the Lunar New Year cycle and the final issue in a second 12-year series honouring the annual festival.

The Year of the Rat begins on January 25, 2020, and ends on February 11, 2021. A symbol of fertility and intelligence, the rat is said to confer great cunning, tact and vitality on those born under its sign.

Designed by Albert Ng (O.Ont.) and Seung Jai Paek, of Albert Ng and Associates, the stamps portray the traditional story of the rat’s daughter’s wedding in the style of folk art known as Chinese farmer painting. The Permanent™ domestic-rate stamp depicts the bride on route to her nuptials, while the International-rate stamp reveals the happily married couple.

The Year of the Rat stamps will be available tomorrow, January 17, in Permanent domestic- and International-rate booklets, as well as a gummed pane of 25 domestic-rate stamps framed by four Chinese blessings. Philatelic collectibles include an unsealed, International-rate Official First Day Cover suitable for use as a “money envelope” for traditional gift-giving.

Follow these links for high-resolution images and additional information in Details magazine.

 

SOURCE Canada Post

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Artificial Intelligence

Announcing the Anti-Human Trafficking Intelligence Initiative and Honoring Human Trafficking Awareness Month

Vlad Poptamas

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Assisting the Fight  
Across the United States, human trafficking exists everywhere, even in your local town square.  The horrifying statistics drove Aaron Kahler to found the Anti-Human Trafficking Intelligence Initiative, a non-profit dedicated to partnering with financial institutions, corporations and law enforcement to combat human trafficking.

“ATII will deliver innovative solutions to disrupt human trafficking networks by assisting financial gatekeepers in identifying, reporting and terminating relationships with associated customers,” says Aaron Kahler, CEO of ATII.

For example, nestled into a pristine part of the Poconos, Stroudsburg is an idyllic borough in Pennsylvania, a vibrant town, a vacation haven.  Last week in Stroudsburg, the US Attorney’s Office in Pennsylvania announced that Sirvonn Taylor, was sentenced to 20 years’ imprisonment for heading-up a conspiracy that forced women to engage in prostitution. In this bucolic town, “Females were ‘sexed-in’ to the gang, forced to engage in sex with members and recruited to engage in prostitution.” PR 1.6.2020

Technological Outreach
ATII will disrupt the way traffickers operate around major events nationwide starting at this year’s Super Bowl in Miami, FL with the release of a human trafficking awareness and victim outreach mobile application. The application allows victims to scan a QR code where necessary help can be accessed in her primary language.

Driving Corporate Social Responsibility 
Relying on technology/data partnerships and corporate social responsibility leadership, ATII has been able to curate initiatives and provide resources to organizations including:

  • High Risk Trafficking Data that can be leveraged through any transaction monitoring, sanctions or onboarding technology
  • E-learning that can be utilized by institutions to comply with anti-money laundering regulatory requirements

Networking and Partnerships Extend the Battle Against Human Trafficking 
Leveraging ATII’s programs, best practices, data, technology and reporting mechanisms in as many financial institutions as possible will directly result in Suspicious Activity Reports (SARs) being filed on human trafficking and ultimately save lives while bringing traffickers to justice.

 

SOURCE Anti-Human Trafficking Intelligence Initiative

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