KTP helps land MoD contract for Qioptiq

Posted on 30 Jun 2018 and read 726 times
KTP helps land MoD contract for Qioptiq A Knowledge Transfer Partnership (KTP) co-funded by the Welsh Government, the EPSRC and Innovate UK enabled researchers at Cardiff Business School to spend two years developing a tool-set to improve Denbighshire-based Qioptiq’s inventory forecasting operations, and this has helped the company to secure a six-year contract the Ministry of Defence (MoD) to service night vision equipment.

It has also led Qioptiq to build a new £3.7 million warehouse next to its plant on St Asaph Business Park.

Economy Secretary Ken Skates said: “Qioptiq is one of our most innovative high-value manufacturing companies, operating in a priority sector, and I have no doubt that the partnership has helped to secure the long-term future of the plant in St Asaph.

"This is turn has had a significant economic impact on the local economy, providing high-quality local employment and benefitting the wider supply chain.”

The KTP enabled Thanos Goltsos, a knowledge transfer associate in ‘lean’ inventory forecasting business operations, to work with Qioptiq under the supervision of two Cardiff Business School professors — Aris Syntetos and Mohamed Naim.

His research showed that the business could reduce its inventory by up to 25%. It provided sound inventory forecasting for sales and returns, supporting Qioptiq’s revamped ‘service and remanufacture’ circular economy model.

Peter White, Qioptiq’s managing director (www.qioptiq.com), said: “The KTP has produced outstanding results. Historically, we operated a complex supply chain, but Thanos’s expertise developed a tool-set that we could use to support our integrated logistics supply operations.

"The partnership has helped us to secure a contract from the MoD to support equipment that is vital to the safety of British soldiers in front-line operations.”

Be seen in all the right places!

Metalex 2018 Machine Tool Indonesia 2018 Steelfab 2019 Future Engineering Ireland Southern Manufacturing 2019 Expo Manufactura 2019 TIMTOS 2019 WIN Eurasia 2019 Intermach / MTA 2019 Metaltech 2019 EMO 2019 MACH 2020