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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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Bosch Group Selects LogicTools Software for Supply Chain Planning
Inventory AnalystTM & LogicNet Plus® to help manage growth in North American automotive aftermarket division
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Chicago - June 27th, 2006: LogicTools, Inc. (www.logic-tools.com), a leader in supply chain planning solutions, announced today that the Bosch Automotive Aftermarket division has selected Inventory AnalystTM and LogicNet® Plus for a collaborative network and inventory optimization project between Bosch and the supply chain management graduate program at Elmhurst College to help manage growth in demand for aftermarket auto parts.
In 2005, Bosch’s North American sales increased by more than 8 percent. In the Automotive division, global demand outpaced supply in 2005. This growth trend is expected to continue in 2006. (See May 24, 2006 press release titled "Bosch Sales Increase 8 Percent in North America Continued Strength in Industrial Technology and Consumer Goods/Building Technology Businesses; Automotive Technology also Grows Global Sales Increase 6.4 Percent; Company Registers Growth in All Regions and Business Sectors".)
"Companies like Bosch, with expanding international manufacturing interests can reduce costs by better understanding their supply chain structure and the drivers and trade-offs that impact those costs. This allows companies to fix problems that aren’t apparent through analysis of local operations. One typical example is the ability to quantify the impact of changing order frequencies or transportation modes, says David Simchi-Levi, professor at MIT and CEO of LogicTools."
About Bosch
The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal 2005, some 250,000 associates generated sales of 42 billion euros, or $52 billion USD. Set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering," the Bosch Group today comprises a manufacturing, sales, and after-sales service network of some 270 subsidiaries and more than 12,000 service centers in over 140 countries.
In North America, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial automation and mobile products, power tools and accessories, security technology, thermo-technology, packaging equipment and household appliances. Bosch employs 22,700 associates in more than 80 primary and 20 associated facilities throughout the region with reported sales of $8.4 billion in 2005. This year marks Bosch’s 100th year of operating in the U.S. For more information on the company and the Centennial, visit www.bosch.us.
About Elmhurst College
Elmhurst College offers the only graduate program in supply chain management in greater Chicago. Praised by both the business community and the media, Elmhurst’s graduate program balances current theory with practical applications, and it places master’s degree graduates into positions of leadership.
A four-year private College founded in 1871, Elmhurst is located 16 miles west of downtown Chicago. Approximately 2,900 full- and part-time students are enrolled in its 22 undergraduate academic departments and nine graduate degree programs
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 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.
Media Contact
LogicTools: Aimee Ortiz, Director of Marketing 888-265-4706 or Email
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