News from ITUNOVA TTO
"The two biggest problems of the traditional supply chain planning software programs are that they consist of different parts and are improved with the old technology. Solvoyo can solve these different parts, critical supply chain functions and inventory, transportation, replenishment and order requirement planning through a single model strategically, tactically and operationally.."
Solvoyo Yazılım was founded by Koray Doğan in USA in 2005 is among the first companies located in the Turkey R&D Center and ITU ARI Teknokent. Koray Doğan founded Solvoyo in Boston in 2005 to develop a new revolutionary software for supply chain planning, later he moved his R&D center to Istanbul Teknik Üniversity ARI-2 Teknokent to create synergy with its solid industrial engineering history again in 2005.
Our CEO Koray Doğan graduated from Bilkent University, completed his doctorate at Georgia Institute of Technology on Operational researches, he has more than 15 years of Supply Chain Planning experience and saw clearly the costly and challenging integration processes and enormous data flow, things were quite far away from the optimum state and the costs were increasing a lot. While designing the Solvoyo Supply Chain Planning software as a complete package, he also wanted to create a Teknokent File andsolve all the problems he observed. Solvoyo has two more partners to make it stronger: Nilüfer Durak, elected among the 200 World wide Woman Entrepreneurs by Dell in 2013 and Ömer Bakkalbaşı, PACE awarded in the field of supply chain innovation in 2005 with his more than 25 years of experience.
The two biggest problems of the traditional supply chain planning software programs are that they consist of different parts and are improved with the old technology. Solvoyo can solve these different parts, critical supply chain functions and inventory, transportation, replenishment and order requirement planning through a single model strategically, tactically and operationally. Thus, organization can make more savings compared to the traditional solutions while they can process a higher number of orders. The latest technology is 64 bit architecture and cloud based applications. Solvoyo when deciding on the request, offers the software as service and gets integrated with the customers existing systems.
Million Dollar Savings in Supply Chain
When we worked with our first customer, Vestel, with the first planning tool we suggested we estimated USD 700,000 worth of savings a year but at the end of the first year of the application we managed to increase their yearly savings up to 4 million USD.
Since our program works as a whole, teaching one single program to the employees is sufficient. Also, all data is kept in a common database for the whole company, data inconsistencies between the departments of the customer company are prevented.
As it works in a format of integrated planning format, all sections of the supply chain are collected in the same platform and optimizations run over that big picture. For example: just to prevent having nothing to sell, carrying over stock brings warehouse and operations costs to a company, a system to keep the stock levels at a specified balance will be incomplete since it does not take into account the transportation and estimation data; those measurements are done by different systems and it places a big barrier in front of the system preventing efficient operations.
Thanks to the platform offered by Solvoyo, the whole system from the beginning of the production to meeting the estimated demands of customers can be resolved on a single platform and with a single program.
Our provided services can be grouped in four categories: With Supply Chain Agility Planning, at least one year data of our customer is analyzed and where to store the products, how and where to distribute them are calculated. Our solution for Transportation Planning enables orders to be delivered to the customers in a timely and most efficient manner. Our Sales-Driven Replenishment Planning, updates existing stocks according to the expected sales in the most efficient way, basically different scenarios can be prepared either to minimize the inventory costs or to maximize the revenue. With Sales and Operations Planning we offer more strategical level solutions. Our studies on providing advanced services over cloud continue with the support we receive from TUBITAK. Solvoyo sees every project as a chance to improve itself and continues the research and development operations at all times.
Our solutions are generally in three classes: operational, tactical and strategic. Our operational systems run daily and organize the customers' systems, our tactical solutions covers more seasonal plannings with updates in specified periods. Our strategic solutions can decide on how to set up distribution networks or where to locate warehouse and distribution hubs to enable the most efficient usage of resources. As Solvoyo, while we work with the giant international companies, we also provide services to the important players of the Turkish market.
Trained Personnel with ITU Culture
After founding Solvoyo Software in USA in 2005, he came to Turkey and founded R&D Center in ARI Teknokent 2. Solvoyo is one of the first habitants of the ARI 2 building. The main reasons for preferring ARI Teknokent is that its a center of technology, synergy created among the entrepreneur companies and access to the well trained ITU graduates. Our company prioritizes the employing ITU graduates and plans to go much further with the support its employees who digested the ITU culture with the modern education. Also ITU students are given the priority for internship positions.
Our employees sees our company not only as a working place but also their family that can carry forward their carriers and improve themselves with the support of their role-model managers. Solvoyo was chosen by Endeavor, worldwide entrepreneurship network, in 2013 from Turkey and represented Turkey in the international finals held in silicone valley in USA. It also listed as one of the most attention deserving Start-Ups in Europe by Wired magazine. We aim to use different sales channels to deliver our optimizations to many more companies in the future. Our improvements provide return-on-investments for the companies and they also reflect positively on the economy due to the increase of the ecosystem efficiency.