Invistics was awarded a patent for its systems and methods for improving planning, scheduling, and supply chain management in 2009. The patent encapsulates its solution for determining optimal lot size and optimal work-in-process levels, its creation of the inventory advisor module, the integration a lot sizer, a work-in-process and inventory modules, its implementation of a multi-echelon inventory analysis, and for partitioning planning information.
National Science Foundation Grants
Invistics has been recognized for developing new methodologies and technologies for industrial innovation by the prestigious National Science Foundation (NSF) for a total of five times bringing total grants from the organization to $2.3 million. Our CEO Tom Knight currently serves as the chairman of the National Science Foundation Small Business Innovation Research Advisory Committee.
We were a 2007 recipient of the exclusive Tibbetts Award, a national award given annually to those small firms, projects, organizations and individuals that exemplify the very best in SBIR (Small Business Innovation Research) achievement. Selection criteria include the economic impact of the recipient’s technological innovation, the business achievement and the effectiveness of collaborations and the recipient’s state and regional impact.
TAG Top 10, 2005
Invistics was awarded the Top 10 Innovators Award by the Technology Association of Georgia (TAG) for 2005. TAG is a leading technology industry association dedicated to the promotion and economic advancement of the state’s technology industry. TAG provides leadership in driving initiatives in the areas of policy, capital, education and giving, and also brings the technology community together through events, initiative programs and networking opportunities.
Invistics is a proud member of the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC), a nationally recognized technology incubator that has spawned more than 100 companies, including MindSpring Enterprises – now part of EarthLink, Suniva and Purewire – now part of Barracuda Networks.