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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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LogicTools Takes Supply Chain Optimization to New Heights with New Releases of Planning Solutions
Companies are building supply chain practices around LogicTools Suite
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Chicago - April 12th 2005: LogicTools, a leading provider of supply chain planning solutions, announced today new releases of its market leading supply chain planning solutions, LogicNet Plus® 4.0 for supply chain design and LogicChain® 7.0 for multi-site production sourcing. These new versions provide supply chain decision makers with even greater flexibility to easily build scenarios, troubleshoot models, efficiently optimize large-scale supply chains, and effectively identify and explain key supply chain cost drivers.
LogicNet Plus 4.0 is a major upgrade of LogicTools’ flagship network design solution. It brings the ease of use and power of LogicNet Plus to new levels while solidifying its leadership position in the market with advanced functionality capable of modeling the most complex and global supply chains. Typical customer applications include global manufacturing rationalization, post-merger analysis and long term distribution planning.
LogicChain 7.0 continues to improve on a unique product for multi-site production sourcing that provides the capability to determine various tradeoffs between production costs, capacities and lot sizes, tooling requirements, warehousing costs, transportation costs and service requirements. LogicChain helps bridge the gap between detailed production decisions and the impact of demand forecasts on the supply chain. LogicTools customers have used this solution for: production planning, time-phased capacity planning, warehouse sizing and transition planning.
These solutions are part of the LogicTools supply chain planning suite that also includes Inventory AnalystTM , a multi-echelon inventory optimization solution that helps companies improve profitability by strategically positioning inventory across the supply chain. Inventory Analyst helps find service-level improvements while placing the right amount of inventory in the right locations. Other applications include analyses of inventory levels in new network designs, centralized versus regional storage, and strategic sourcing decisions.
LogicTools’ customer base has been growing rapidly, with 28 new customers added in 2004, many purchasing several products or the entire suite. LogicTools customers are building decision support practices around the LogicTools suite to help their companies understand and solve complex issues in their global supply chains on an ongoing basis. Edith Simchi-Levi, VP Operations at LogicTools observed "The move to off shore production, merger and acquisition activity and overall increased complexity in the supply chain makes planning with spreadsheets impractical for most companies. Industrial strength, market-tested supply chain optimization solutions are now becoming a necessity and LogicTools is poised to become the standard in this market."
LogicTools’ solutions fill a gap that ERP systems do not address and implementation of the suite is relatively fast and simple. Tight integration capability between the three components allows for easy transfer of data from one solution to the other. Once the initial model is validated, additional scenarios can be completed quickly and easily, with ROI in a matter of weeks. In addition, LogicTools is an SAP Software Partner with complementary, certified integrations for network design and inventory optimization.
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 AnalystTM, LogicTools’ inventory planning solution, is "certified for SAP NetWeaver". LogicTools’ customers include Del Monte, General Motors, IBM, Kraft Foods, Ryder System, 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.
Media Contact
For information contact Aimee Ortiz (888-265-4706) or Email
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