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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
Press Contact: Aimee Ortiz, LogicTools
888-265-4706 or Email
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World Kitchen, Inc. selects LogicTools Inventory AnalystTM for inventory optimization
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Chicago - September 13, 2005: LogicTools, a leading developer of supply chain planning solutions, announced today that World Kitchen, Inc., a manufacturer and marketer of bakeware, dinnerware, kitchen and household tools, rangetop cookware and cutlery products, has selected LogicTools’ Inventory Analyst for Inventory Optimization across its U.S. supply chain.
"World Kitchen was looking for a solution to optimize inventory levels while providing excellent service to its wholesale and retail customers," says John Conklin, CIO, World Kitchen. "LogicTools’ Inventory Analyst is a high value solution that provides easy to use optimization capabilities that are cost-effective to plug into our SAP environment. LogicTools’ reputation, track record, and expertise gives us confidence that we will be able to implement quickly and get results."
LogicTools’ Inventory Analyst performs global optimization that enables companies to set inventory levels across the supply chain. These improve on the rule of thumb or local calculations typically used by current planning systems. In addition, this technology has produced large savings for companies by optimally locating and sizing inventory as well as determining effective push/pull supply chain strategies. Inventory Analyst uses state of the art optimization algorithms that take into account uncertainties in supply and demand as well variability in processing and distribution times.
"World Kitchen faces some of today’s typical inventory and supply chain challenges," says LogicTools’ CEO, David Simchi-Levi. "As with all companies that source from off-shore suppliers, these include long product lead times from offshore suppliers who are not interested in holding safety stock and safety stock held both at the finished goods and component part levels. These challenges require a multi-echelon inventory optimization approach to yield better service, lower overall inventory and minimize obsolescence."
Using Inventory Analyst, World Kitchen can integrate with current operations systems, using a more automated approach that incorporates optimization. LogicTools is an SAP software partner and Inventory Analyst is Powered by SAP NetWeaver making it a perfect solution for companies with SAP as its main ERP platform. LogicTools’ solutions are complementary to SAP’s offering and focus on 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 suite also includes LogicNet Plus® for network design and LogicChain® for production sourcing and asset planning.
About World Kitchen
World Kitchen, Inc. and its affiliates manufacture and market bakeware, dinnerware, kitchen and household tools, rangetop cookware and cutlery products sold under well-known and trusted brands including CorningWare®, Pyrex®, CORELLE®, Revere®, EKCO®, Baker’s Secret®, Magnalite®, Chicago Cutlery®, and OLFA® products.
World Kitchen employs approximately 2,700 people, and has major manufacturing and distribution operations in the United States, Canada, and Asia-Pacific regions. It sell products through multiple channels, including mass merchants, department stores, specialty retailers, retail food stores, and catalog showrooms.
An additional channel is their own CORNINGWARE/CORELLE/REVERE Factory Stores located in outlet centers across the United States, in Canada and Australia.
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.
LogicTools’ customers include General Motors, IBM, Kraft Foods, Ryder System, UPS, United States Postal Service, Welch’s, Yankee Candle and many others.
Media Contact
LogicTools: Aimee Ortiz, Director of Marketing 888-265-4706 or Email
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