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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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LogicTools releases Inventory Analyst 3.0
Inbound Logistics recognizes LogicTools as Top 100 Logistics IT Provider for 7th consecutive year |
Chicago - June 17th, 2004 - LogicTools, Inc., a leading developer of supply chain planning solutions, released Inventory Analyst 3.0, the latest version of its inventory planning solution. Inventory Analyst is part of LogicTools' market-leading supply chain planning suite. The suite provides integrated solutions that optimize the supply chain by considering the entire network, taking into account production, warehousing, transportation and inventory costs, and service level requirements.
Inventory Analyst enables companies to make strategic inventory positioning decisions based on the entire supply chain. This technology can produce large savings for companies by optimally locating and sizing inventory as well as determining effective push/pull supply chain strategies. For this purpose, LogicTools' Inventory AnalystTM uses state of the art optimization algorithms to efficiently produce results for many scenarios.
Inventory AnalystTM can be deployed either on a desktop or as a server application. One important new feature of this release is the ability to run multiple solvers from one server allowing users to run large optimizations in parallel. This allows companies the flexibility to start with a small deployment and increase the number of users as needed, creating a low risk implementation path.
"This release of Inventory Analyst incorporates many new manufacturing and distribution features that enable our clients to model the details of their supply chain." said David Simchi-Levi, CEO of LogicTools and Professor of Engineering Systems at MIT, "we strive to constantly learn from our customer experience with our software and use their feedback to improve our products."
Inventory Analyst is being implemented by many companies in a variety of industries for example, consumer packaged goods, automotive and hi tech. Indeed, LogicTools has long been recognized as a leader in strategic supply chain planning and has been chosen for the seventh consecutive year as a Top 100 Logistics IT company by the editors of Inbound Logistics magazine.
"Given the dynamism in the logistics technology segment, it's impressive to see LogicTools providing the kinds of solutions INBOUND LOGISTICS readers need. It's tough to keep up with customer needs in any environment, but the speed with which change is happening is a testament to LogicTools' ability to keep pace and in some cases anticipate customers' evolving needs. For that reason, INBOUND LOGISTICS editors have recognized LogicTools as one of this year's Top 100 Logistics IT companies." Felecia Stratton, Editor, INBOUND LOGISTICS
About LogicTools
LogicTools (www.logic-tools.com) is a leading supply chain planning company 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 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. Optimizing the supply chain results 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 Del Monte, General Motors, IBM, Kraft Foods, Mercer, Ryder Systems, True Value Hardware, UPS, United States Postal Service, Welch's, Yankee Candle and many others.
Media Contact
For information contact Aimee Ortiz (888-265-4706) or Email
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