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FOR IMMEDIATE RELEASE
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NEWS RELEASE
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Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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GE Healthcare deploys LogicTools’ Network Design to evaluate supply chain strategies
LogicNet Plus delivers unrivaled ease of use and performance in supply chain optimization
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Chicago - February 7th, 2006: LogicTools, a leading developer of supply chain planning solutions, announced today that GE Healthcare, a $15 billion unit of General Electric has deployed LogicNet Plus, its market leading network design solution.
"GE Healthcare is looking to reduce logistics costs while improving service to its customers," says Sharan Singanamala, Global Architecture Program Manager at GE Healthcare. "Through the use of supply chain optimization to analyze our distribution networks we believe we can become more efficient while providing the same if not better service levels. We selected LogicTools’ solution since it is the best in the market in terms of ease of use and solver performance."
Using LogicTools solutions, companies like GE Healthcare, with significant international manufacturing interests can reduce costs by better understanding their supply chain structure and the drivers and trade offs that impact their costs. The ability to understand the drivers behind supply chain costs allows companies to fix problems in the supply chain that may not be apparent through analysis of local operations. One typical example is the ability to quantify the impact of changing order frequencies or transportation modes.
"With the expansion of global manufacturing and off shoring initiatives, leading manufacturers now have three major initiatives - six sigma for reducing variability, lean manufacturing for reducing inventory and network planning to ensure that end to end supply chain requirements are optimized," said David Simchi-Levi, CEO of LogicTools. "As a leader in the first two methodologies it is not surprising to me that GE Healthcare is using our solutions to advance the third initiative."
LogicTools provides solutions that optimize the supply chain by considering the entire network, taking into account production, warehousing, transportation and inventory costs, as well as service level requirements. The LogicTools suite includes LogicNet Plus® for network design, Inventory AnalystTM for strategic inventory positioning and optimization and LogicChain® for multi-site production sourcing.
About GE Healthcare
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance improvement, drug discovery, and biopharmaceutical manufacturing technologies is helping clinicians around the world re-imagine new ways to predict, diagnose, inform and treat disease, so their patients can live their lives to the fullest.
GE Healthcare's broad range of products and services enable healthcare providers to better diagnose and treat cancer, heart disease, neurological diseases, and other conditions earlier. Our vision for the future is to enable a new "early health" model of care focused on earlier diagnosis, pre-symptomatic disease detection and disease prevention. Headquartered in the United Kingdom, GE Healthcare is a $15 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 43,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.
About LogicTools
LogicTools (www.logic-tools.com) a leading provider of strategic 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 solutions includes network design, inventory planning, and multi-site production sourcing. LogicTools is a long-time SAP Software Partner through its certified integration of LogicNet Plus® which is offered as an extension to the mySAPTM Supply Chain Management (mySAP SCM) solution and Inventory AnalystTM, a multi-echelon inventory optimization solution which is Powered by SAP NetWeaver.
LogicTools’ customers include Cabela’s, IBM, Kohler, Ryder System, UPS, United States Postal Service, Welch’s, and many others.
Media Contact
LogicTools: Aimee Ortiz, Director of Marketing 888-265-4706 or Email
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