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Quintiq Shatters Four World Records for Logistics Optimization

May 28, 2013

S’-HERTOGENBOSCH, The Netherlands, May 28, 2013 /PRNewswire/ –

Quintiq [http://www.quintiq.com ], a global leader in supply chain planning and
optimization (SCP&O), has set four vehicle routing world records in independent
benchmarks. Quintiq’s achievements have been verified and recorded by SINTEF
[http://www.sintef.no/home/About-us ], the largest independent research center in
Scandinavia, on its Transportation Optimization Portal
[http://www.sintef.no/Projectweb/TOP/VRPTW/Homberger-benchmark/1000-customers ].

(Logo:
http://photos.prnewswire.com/prnh/20130328/606756 )

Using the company’s SCP&O platform, Quintiq created optimization solutions for Vehicle
Routing Problem with Time Windows (VRPTW) benchmarks, which are among the most studied
combinatorial optimization problems in the world. The benchmarks Quintiq targeted are the
largest VRPTW instances and have the most practical relevance for business with
large-scale logistics operations.

The four logistics benchmarks involve 1,000 customer delivery locations with varying
delivery time windows, 100 available vehicles to make deliveries, all departing from a
central depot. The four benchmarks are differentiated by decreasing the customer time
windows available. For each of the benchmarks Quintiq devised routes to make all
deliveries within the parameters of the benchmark. The goal of each benchmark is to
generate a route plan that requires the least number of miles travelled. The routes
Quintiq devised generated the least miles required for each of the four benchmarks this
surpassing every prior optimization attempt.

“Finding good solutions to Gehring & Homberger’s benchmarks is a notable achievement,
but to break four world records in the process is a remarkable testament to the capability
and expertise we can offer clients,” commented Wim Nuijten, Quintiq’s VP of Optimization
Technology. “The first world record we set was the result of a friendly internal
competition between Quintiq’s experts. Following that, we wanted to continue with even
greater challenges to see what else could be accomplished. The result is clear. We have
yet to encounter an optimization challenge that is too large or too complex for Quintiq.
Applying world-record optimization technology to a business facing a like challenge would
save millions of dollars per year.”

Quintiq broke the first world record, C1_10_4, in October 2012 and then improved the
results in April 2013. Quintiq went on to break three subsequent world records, C1_10_3,
C1_10_9 and C1_10_10, all of which are verified by SINTEF in April 2013.

About Quintiq

Quintiq’s revolutionary supply chain planning and optimization
[http://www.quintiq.com/solutions/supply-chain-planning.aspx ] (SCP&O) platform enables
enterprises to improve efficiency at every stage of the supply chain journey. It powers
end-to-end planning and optimization of personnel
[http://www.quintiq.com/solutions/employee-planning-and-scheduling.aspx ], resources, and
processes in a single planning environment, across all planning horizons. Many of the
world’s largest and most successful enterprises rely on Quintiq to achieve their business
goals, strengthen their competitive advantage, and create new revenue streams.

Established in 1997 and growing rapidly, Quintiq has a global presence with dual
headquarters in the Netherlands and the USA, a global development center in Malaysia, and
offices around the world. Quintiq’s software is in use at over 500 locations in 78
countries worldwide.

For more information, visit http://www.quintiq.com or follow Quintiq on Twitter
[https://twitter.com/Quintiq ], Facebook [https://www.facebook.com/Quintiq ], LinkedIn
[http://www.linkedin.com/company/quintiq ] and YouTube
[http://www.youtube.com/user/channelquintiq ].

Press Contacts:

        North America Enquiries
        Jon Temerlies
        Racepoint Group
        Tel: +1-202-349-0859
        Quintiq@Racepointgroup.com

        EMEA Enquiries
        Charlotte Poh
        Global Marketing Communication Manager
        Tel: +31(0)736910739
        pressrelease@quintiq.com


    Photo: 

http://photos.prnewswire.com/prnh/20130328/606756

SOURCE Quintiq


Source: PR Newswire