ATLANTA JUNE 2005

THE INSTITUTE ANNOUNCES THE LAUNCH OF ITS I.T. COUNCIL.

Joining SAP on the newly launched GIL IT Council are FourSoft, the Hyderabad based Technology Company and the recipient of the Institute’s ‘Award of Excellence, represented by Mr Srikanth Palem Reddy, Managing Director of Four Soft

Mr Palem Srikanth Reddy
Managing Director of Four Soft

Mr Kieran Ring, CEO at G.I.L. said: ‘The global third party logistics industry is in a period of consolidation. 2005 will see an end to this intense period of merger & acquisition and will see the advent of a new, more mature phase in the sector’s development.
Global players find themselves increasingly challenged by the need to integrate existing I.T. solutions, who’s DNA is from the legacy and client services era. The current commitments being made by 3PLs to their clients need to be easily monitored and measured. To this end more robust solutions must be available and real-time, web enabled I.T. solutions will be the order of the day. In order to facilitate a quick and easy migration to next-generation solutions in the sector, the Institute’s I.T. Council will seek to inform the industry on how the future could look, with all-party cooperation and the application of the most up to date IT thinking.’
The IT Council, which will meet quarterly, will commission two white papers. The first will seek to present a concise picture of where the industry is currently and the challenges it faces. The second, which will be published in 2006, will respond to the challenges laid out in the first paper together with key recommendations and suggestions. www.globeinst.org/ITcouncil will be home to the initiative where the activities of the Council will be published in detail with newsletters and white papers available for download.
Speaking at today’s announcement Mr Palem Srikanth Reddy, Managing Director of Four Soft said: ‘Four Soft achieved the break through in the logistics vertical by delivering the first integrated enterprise application for multimodal transportation operations, using the 3 tier architecture. This was recognized by the Global Institute of Logistics in 2004 through an ‘Award of Excellence’. We are extremely pleased to be associated with the Institute through the I.T. Council and provide guidance to the industry on technical issues of strategic importance. We look forward to working with the Council and to assisting the logistics industry to reduce substantial costs of business and achieve higher productivity levels by leveraging technology’