nMetric Company Profile
Background
nMetric, established in 2000, specializes in developing advanced scheduling and task management software tailored for complex manufacturing environments. The company's mission is to simplify scheduling processes, making them more efficient and productive.
Key Strategic Focus
nMetric's strategic focus centers on delivering dynamic scheduling solutions that adapt to real-time changes in manufacturing settings. Their core objectives include:
- Dynamic Scheduling: Utilizing patented Smart Job Technology™ to transform factory orders into self-supervising tasks that autonomously route and schedule themselves.
- Resource Optimization: Assigning tasks based on resource attributes such as skills and capabilities, ensuring optimal resource utilization.
- Real-Time Adaptability: Implementing heuristics and probability-based algorithms to adapt to unexpected events and maintain schedule integrity.
Financials and Funding
As of 2021, nMetric reported annual revenues of $1.7 million, supported by a team of 22 employees. The company has raised a total of $350,000 in funding over one round.
Technological Platform and Innovation
nMetric's technological platform is distinguished by several proprietary technologies and methodologies:
- Genetic Algorithm Scheduling Engine: A patented AI-driven engine that learns from user preferences to generate optimal schedules.
- Smart Job Technology™: Converts factory orders into self-supervising tasks that autonomously manage their scheduling and routing.
- Integration Capabilities: Seamless integration with existing MES, ERP, and MRP systems through the nTegrator® methodology, facilitating two-way data communication.
Leadership Team
- Christine Koski, CEO: Joined nMetric in 2006, bringing extensive experience in the chemical industry and strategic consulting. She holds a B.S. in Chemistry from St. Lawrence University and an Executive MBA from Southern Methodist University.
- Michael Worden, Chief Revenue Officer: Appointed in 2017, with a background in manufacturing operations management and software services at companies like IBM and Dell. He earned a B.S. in Electrical Engineering from Syracuse University and an MBA from Purdue University.
- Ryan Heaton, CIO & Product Management: Oversees customer support and technology infrastructure, with over 16 years of experience in IT and call center management.
- Stephen Cook, Product Development Leader: Leads the Product Development Team, focusing on enhancing nMetric's scheduling engine and analytical capabilities. He holds a B.S. in Physics from New Mexico Tech and an MBA from the University of New Mexico.
Leadership Changes
- Michael Worden: Appointed as Chief Revenue Officer in February 2017.
- Stephen Cook: Joined as Product Development Leader in February 2017.
Competitor Profile
Market Insights and Dynamics
The manufacturing scheduling software market is characterized by a demand for solutions that enhance efficiency, adaptability, and integration with existing systems. Companies are seeking tools that can handle complex, high-mix production environments and provide real-time visibility into operations.
Competitor Analysis
- SpectraSoft: Offers scheduling solutions with a focus on healthcare and therapy practices, utilizing technologies like Spectra T950 and Spectra Logic Gator.
- EMS Software: Provides event and meeting scheduling software, catering to various industries with features like room booking and resource management.
- InTime Solutions: Specializes in workforce scheduling and management, offering solutions for public safety and law enforcement agencies.
Strategic Collaborations and Partnerships
nMetric has partnered with Talend to develop the nTegrator® methodology, enabling seamless integration with existing ERP and legacy systems. This collaboration facilitates efficient two-way data communication, enhancing the functionality of nMetric's scheduling solutions.
Operational Insights
nMetric's competitive advantages include:
- Patented Technologies: The company's proprietary Smart Job Technology™ and Genetic Algorithm Scheduling Engine set it apart in the market.
- Real-Time Adaptability: The use of heuristics and probability-based algorithms allows for dynamic scheduling that adapts to real-time changes.
- Integration Capabilities: The nTegrator® methodology ensures seamless integration with existing systems, enhancing operational efficiency.
Strategic Opportunities and Future Directions
nMetric is poised to expand its market presence by:
- Developing SaaS Offerings: Plans to offer web-based SaaS solutions to cater to companies of all sizes.
- Enhancing AI Capabilities: Continued investment in AI and machine learning to further improve scheduling accuracy and adaptability.
- Expanding Partnerships: Seeking additional collaborations to enhance integration capabilities and broaden market reach.
Contact Information
- Website: nmetric.com
- LinkedIn: nMetric LinkedIn Profile
- Twitter: @nMetric
- Facebook: nMetric Facebook Page
- Instagram: @nMetric
- YouTube: nMetric YouTube Channel