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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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Timken Selects LogicTools' Solution for Global Production
LogicChain® used to optimize decisions based on entire supply chain costs |
Chicago - February 3rd, 2004 - LogicTools, Inc., a leading developer of supply chain planning solutions, announced today that The Timken Company, a leading international manufacturer of highly engineered bearings, alloy and specialty steels and components has selected LogicTools' supply chain coordination and master planning solution, LogicChain® to optimize and analyze its global internal sourcing decisions. LogicChain will enable Timken to make global plant production decisions based on the cost and impact of the entire supply chain. Timken can analyze various strategies and quantify the results in order to provide better service to customers and detect cost reduction opportunities.
"We believe that global production decisions should be made by looking at the entire supply chain and not only the local cost. We have been testing LogicChain in various projects and determined that it has the ability to assist us in quantifying the cost of global production sources on our supply chain. We selected LogicTools because of the ease of use, performance of their software as well as reputation and experience in supply chain optimization." stated John W. Schmidt, Manager - Global Capacity Planning at The Timken Company.
LogicTools' solutions are used widely by Manufacturers of various sizes such as SC Johnson and Yankee Candle. The ease of use and performance of the software combined with the LogicTools' expertise in modeling help these companies optimize the performance of their supply chains.
"We are excited to work with The Timken Company on global production decisions since this is an issue at the forefront of manufacturing. Companies that have many choices in where to make a given product need to consider all the relevant supply chain costs and capacities. These decisions are difficult, especially in a global supply chain, since they impact lead times, service levels, inventory, and costs. Our solutions can help companies make informed decisions based on the entire supply chain rather than local decisions based only on production cost." said Dr. Michael S Watson, VP Business Development at LogicTools.
About Timken
The Timken Company (www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.
About LogicTools
LogicTools (www.logic-tools.com), founded in 1995 by David Simchi-Levi, Professor of engineering systems at MIT, offers supply chain software and services that support strategic, tactical, and inventory planning decisions in a variety of industries. LogicTools' solutions have revolutionized the market by replacing extremely complex, expensive and customized software implementations on the one hand and limited spreadsheet analysis on the other. Optimizing the supply chain results in not only significant savings (typically 5%-15%) but also provides clarity of vision and better understanding of the various trade-offs.
LogicTools has customers across many industries including, CPG, Food, Retail, 3PL, High-Tech, Process & Discrete Manufacturing, Automotive and Public Sector. Some of LogicTools' customers include ConAgra, Del Monte, General Motors, IBM, Kraft Foods, Mercer, Ryder Systems, TruServ, UPS, United States Postal service and many others.
Media Contact
For information contact Aimee Ortiz (888-265-4706) or email
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