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Nikai Group selects Exactus' Aware to support rapid growth
- United Arab Emirates: Sunday, February 24 - 2008 at 14:00
- PRESS RELEASE
Business Systems Group (BSG), the regional competency center for Exactus Inc., announced that Nikai Group has selected Aware, the leading supply chain solution from Exactus.
In order to support their aggressive growth targets, Nikai has elected to make significant technology and infrastructure investments. Nikai's inventory management and distribution operations are highly complex due to the fact that they deal with a very broad range of products, from Electronics to FMCG.
The Exactus WMS solution will help Nikai with optimization of facilities and inventory deployment as well as automation of labor-intensive manual processes to reduce costs and maximize cash flow. With parent-child serial number tracking and lot-serial tracking features of Aware, product traceability will become very straightforward, allowing Nikai to seamlessly manage product warranty claims and recalls. Complete order lifecycle visibility, from receipt through to fulfillment and shipment, will help address rigid customer demands and improve customer satisfaction.
The Exactus Transportation management solution is tightly integrated with the Warehouse management system and simplifies complex and tedious routing operations while providing crucial order tracking and tracing capabilities. The GPS/GPRS enabled vehicle data acquisition system will significantly improve Nikai's operations efficiency and reduce freight costs. Knowing exactly where Nikai's vehicles are, or perhaps even where they shouldn't be, can be crucial to the company's profitability, not to mention peace of mind. Exactus Vehicle tracking solution will help Nikai to monitor their vehicle's performance and location in real-time through a GPS/GPRS enabled system, 24 hours a day, seven days a week.
Nikai chose Exactus over the competition because Exactus' best of breed solution offered the best fit in functional capabilities that were critical to Nikai's operations, including ease of integration with their existing ERP system. Nikai also intends to leverage its large warehousing infrastructure by providing Third Party Logistics services in UAE and other GCC countries. The Warehouse Management System will allow Nikai to manage various customer accounts independently within the same framework.
According to Ravi Money, Chief Financial Offer of Nikai, "The Exactus Solutions will be an essential component of our strategy to respond to growth while continuing to deliver a high level of customer satisfaction".
Vikas Bansal, Logistics Manager for Nikai adds, "Nikai's objective is to utilize best of breed technologies to drive efficiencies and productivity in its operations. We are raising the technology standard for the operations of our company, and we believe that our investments will enable us to maintain our leadership position in the electronics distribution industry.
Nasser Tufail, managing director of Business Systems Group says, "We expect Nikai to not only realize many operational efficiencies and overall cost savings but also forge a competitive advantage by deploying our Warehouse and Transportation solutions. By getting real-time information about their business operations and leveraging performance metrics, Nikai will be able to gain better visibility into their supply chain to minimize inventory value reduction and eliminate non-value added costs."
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About Nikai GroupNikai Group is a global conglomerate with business interests in General Trading, Electronics and Appliances, Retail Foods, Information Technology and Staffing Solutions. The Group is led by the visionary and diplomat-turned entrepreneur Paras Shahdadpuri. Under his foresight and direction, Nikai Group of Companies has grown into an international operation from a general trading enterprise.
The Company's initial foray was into general trading and bulk movement of commodities such as teas, coffee, rice and fertilizers to various destinations across the world. Crescent General Trading of the Nikai Group has entered into a strategic tie-up with the Indian FMCG giant, Hindustan Unilever Ltd, to stock, market and distribute certain brands in designated countries.
Expanding the business within a short span of time, and in a market already saturated with electronics and home appliances, Nikai established itself as a major brand in the region with over 400 electronic and household essentials. The Nikai brand is today widely acknowledged for its superior quality and competitive prices. Identifying niches in the marketplace has always been the forte of the Nikai Group. The group diversified its activities into the retail food business and established Boston Foods, which is a franchisee of the second largest American fast food chain - SUBWAY. Nikai Group ventured into the service industry by establishing Ad Astrum Technolgies (now TASC - Talent Asset Software & Consulting) offering people solutions in both IT and Non IT domains. More information is available on www.nikaigroup.com
About Exactus Inc.
Exactus is a leading software technology development company that provides world-class supply chain execution solutions. Our solutions can help customers streamline their process models and transform their physical logistics management supply chains into superior value chains to differentiate themselves and gain a competitive advantage. Our portfolio of tightly integrated and highly adaptable solutions encompass warehouse management, transportation management, freight management, finance management, trading partner management, and performance management. Exactus solutions are fully backed up with our best practices-based rapid deployment implementation methodology that leverages the right set of skills, technical assets, domain knowledge and industry expertise to help add value to our customer's business. The result: one of the industry's lowest total cost of ownership. More information is available at www.exactus.net.
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