Technology Association of Georgia names company to top 10 Innovators list
ATLANTA (February 3, 2005) — Invistics, developer of manufacturing performance
management software announced this week that it has received its second Phase I award from the prestigious National Science Foundation (NSF), bringing total grants from the organization to over $1.2 million.
The NSF Small Business Innovation Research (SBIR) program once again recognized Invistics leadership in solutions for manufacturing improvement. The Invistics solution capitalizes on innovative mathematical techniques that advance the knowledge base of operations research for the benefit of complex manufacturers, says Cheryl Albus, NSF program manager.
In other news, the Technology Association of Georgia (TAG) recently named Invistics one of the states top 10 Innovators in its first annual recognition of companies that have the ability to
positively impact Georgias economy and promote its image of innovation. “Invistics stands out as one of the companies most likely to positively impact the market with its solution,” says Tino Mantella, TAG president.
“We are proud to see Invistics recognized for its contributions to the manufacturing industry and we are honored to receive both these awards,” says Tom Knight, Invistics founder.
Invistics Flow Path Management System® is a manufacturing performance management solution that allows high-mix manufacturers such as pharmaceutical companies to apply the latest improvement techniques to environments with constant change and significant variability.
Invistics is the leading provider of manufacturing performance software designed specifically for high-mix manufacturing environments. The Flow Path Management System® helps companies analyze and improve factory performance to achieve significant reductions in inventory while responding more quickly and reliably to customer demand. Utilizing Invistics solutions, customers have achieved over 99% on-time deliveries while reducing inventory by an average of 50% and cutting cycle times by more than half. Developed by experienced manufacturing veterans and leading operations scholars, the Flow Path Management System leverages years of expertise to overcome the obstacles of implementing advanced manufacturing techniques in highly complex environments.