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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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LogicTools and PRTM Collaborate on Next Generation Supply Chains through Strategic Network Optimization
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Chicago - January 6th 2005: LogicTools, a leading provider of supply chain planning solutions, and PRTM, a leading management consultancy, are collaborating on next generation supply chains through Strategic Network Optimization.
PRTM is known for its benchmarking and management consulting leadership in supply chain strategic practices, including its development of the Supply-Chain Operations Reference-model (SCOR) which has been adopted by the Supply-Chain Council. SCOR practices provide a reliable starting point for most companies to evaluate the performance of their supply chain and accelerate process innovation and adoption.
LogicTools' integrated suite of planning solutions includes LogicNet Plus® for network design, Inventory Analyst™ for inventory optimization and LogicChain® for production sourcing. LogicTools' integrated planning suite provides solutions that optimize the supply chain by considering the entire network, taking into account production, warehousing, transportation and inventory costs, and service level requirements.
Strategic Network Optimization, as defined by PRTM, focuses on a holistic network reconfiguration technique that enables companies to achieve supply chain excellence. This includes end-to-end supply chain, distribution, and product flow optimization. Supply chain optimization will lower production, outbound and inbound distribution costs, while distribution optimization enables higher customer responsiveness. Optimized product flow in the network will lower inventory and increase turns; optimized asset utilization will lower fixed cost.
PRTM has leveraged LogicTools' suite for Strategic Network Optimization through inventory optimization and network design. Mike Romeri, Lead Director, Process Technology Group at PRTM said, "We recently deployed LogicTools' inventory and network optimization solutions at a large U.S. manufacturing company as an important part of a next generation supply chain. The level of support and expertise provided by LogicTools consultants was extraordinary and the project has shown huge benefits for our clients. We see the integration of network optimization with our methodology as critical for companies to achieve best in class performance and expect to collaborate with LogicTools extensively to leverage this opportunity."
About LogicTools
LogicTools (www.logic-tools.com) a leading provider of supply chain planning solutions was founded in 1995 by David Simchi-Levi, Professor of engineering systems at MIT. LogicTools provides the expertise, software, services and support that enable comprehensive supply chain planning processes in a variety of industries. LogicTools' suite of supply chain planning solutions includes network design, inventory planning, and multi-site production sourcing. LogicTools is an SAP software partner and Inventory Analyst™, LogicTools' inventory planning solution, is “certified for SAP NetWeaver”. LogicTools' customers include Del Monte, General Motors, IBM, Kraft Foods, Ryder System, The Timken Company, True Value Hardware, UPS, United States Postal Service, Welch's, Yankee Candle and many others.
LogicTools has been instrumental in helping companies gain competitive advantage in the market by replacing extremely complex, expensive and customized software implementations on the one hand and limited spreadsheet analysis on the other. LogicTools' customers typically report that optimizing the supply chain results not only in significant savings (5%-15%) but also provides clarity of vision and better understanding of the trade-offs.
About PRTM
PRTM (www.prtm.com) works closely with leading companies worldwide to achieve breakthrough business results—fast. Since 1976, we've delivered measurable value to our clients, earning one of the highest levels of repeat business in the management consulting industry. PRTM is also a recognized thought leader and innovator. There are 14 PRTM offices and more than 400 consultants in the U.S., Europe, and Asia.
Media Contact
For information contact Aimee Ortiz (888-265-4706) or Email
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