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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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Smithfield Foods Finds Synergies Amid Diverse Supply Chains with LogicTools' Software
LogicNet® used to analyze acquired networks based on total supply chain costs |
September 3, 2003 |
Chicago - September 3, 2003 - LogicTools, a leading developer of supply chain planning solutions, announced today that Smithfield Foods, the leading pork processor and hog producer in the United States, is completing its network rationalization plan using LogicTools' distribution network design solution, LogicNet® to optimize and analyze its decisions.
Smithfield Foods has made 25 acquisitions since 1981, transforming itself into a food company with more than $8 billion in annual sales. Today, it is the world's largest pork processor and hog producer as well as the fifth-largest U.S. beef processor. Outside the United States, Smithfield owns subsidiaries in Canada, France, and Poland and operates joint ventures in Brazil and Mexico.
The various supply chain networks created by these acquisitions requires analysis to see where synergies can be found and where changes are needed. The current project involves the merging of three different networks. First, data was collected from different sources for every network. Then, the project team built three baseline models and a combined model for optimization. These efforts will lead to a better understanding of the benefits of a combined network and the transition to a new, more efficient model.
"Though we have attempted to analyze synergies among our various networks in the past, we have had tremendous success in producing quality results by using LogicTools strategic network design solution. The decision to use in-house expertise, combined with the relatively easy-to-use software and excellent support from LogicTools, have proven to be a winning combination." Said Curt Hansen, Director, Distribution Services at Smithfield.
LogicTools' solutions are used widely by Consumer Goods companies and in particular by food companies of various sizes including ConAgra, Del Monte, Kraft Foods, Sun-Maid Growers and Welch's. The ease of use and performance of the software combined with LogicTools' expertise in modeling helps these companies turn around projects very quickly.
About Smithfield Foods
Based in Smithfield, Virginia, Smithfield Foods (www.smithfieldfoods.com) is the world's largest pork processor and hog producer. The company processes 20 million hogs and raises 12 million annually. Our collection of well-known brands includes Smithfield Premium, Smithfield Lean Generation, John Morrell, Gwaltney, Schneiders, Patrick Cudahy, Krakus, and Stefano's, to name just a few.
About LogicTools
LogicTools (www.logic-tools.com), founded in 1995 by David Simchi-Levi, Professor of engineering systems at MIT integrates the latest research in optimization and supply chain management with state-of-the-art information technology to provide companies with high quality, easy to use, and affordable software, as well as the methodology and support that helps clients design and maintain efficient supply chains. 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 percent to 15 percent) 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 Weyerhaeuser, ConAgra, Del Monte, General Motors, William Wrigley, Jr. Co., Kraft Foods, Mercer, Ryder Systems, SC Johnson, True Value, UPS, United States Postal Service and many others.
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