Supply-chain software startup eyes breakthrough
For many large companies, outsourcing is the norm as they seek cost savings at almost every level of production. Jason Tham, a former Kellogg’s employee, saw an opportunity to help reduce the risk of something going wrong at each outsourced step. His solution: to create software that would streamline the supply-chain process and reduce costs even further.
Using research compiled by his father, an engineering professor, and $40,000 in personal capital, Tham built the software and launched Toronto-based Nulogy Corp. in 2002. Tham’s signature PackManager product is an all-inclusive Web-based software that helps the middlemen in the supply chain — called contract packagers — improve their operating efficiency by tracking their inventory, production and labor information in real time.
Originally posted on Reuters