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News VEXTEC Awarded U.S. Army Contract Nashville , TN., Feb 19, 2007 – The U.S. Army has awarded VEXTEC with a multi-year contract to develop a business decision software tool that considers vehicle piece cost, reliability and reliability cost as integrated functions. Historically components that make up a new military vehicle system have been procured based on supplied cost alone. Poor vehicle reliability costs money. The military can save millions of dollars annually buying higher cost components when “best-value” shows overall total cost reduction. Dr. Animesh Dey, VEXTEC Chief Product Development Officer, commented, “ …given the computer processing power available today, it is now possible to virtually simulate millions of vehicle systems using conventional laptop computers. We can now accurately simulate reliability as well as reliability cost or warranty even before the first vehicle rolls off the assembly line.” About VEXTEC: VEXTEC Corporation is a privately-owned software, consulting, and services company headquartered in Nashville, Tennessee. VEXTEC has a comprehensive staff of engineering, scientific, and software development and business application specialists. VEXTEC has company representatives in San Francisco, California; New Orleans, Louisiana; Detroit, Michigan; and Dayton, Ohio. Product reliability influences every aspect of the corporate structure –from design and customer perception to marketing, finance, procurement, and operations. Yet reliability responsibility is usually delegated to specialty units stove-piped within large corporate organizations. The expectations are high but it’s impossible for isolated specialty groups to oversee, understand, and react to all the organizational business decision making assigned to them. This is impractical given the pace of individual decision making. VEXTEC has developed a family of products that work together through an enterprise framework called Reliability Chain Management (RCM). RCM provides a new executive level of insight about product performance that is missing within the existing PLM software space. Through RCM, those organizations adopting the new reliability centric mindset will relegate the others to non-competitive threats of the past.
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