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FOR IMMEDIATE RELEASE |
NEWS RELEASE |
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For Information Contact: LogicTools: Aimee Ortiz (888) 265-4706
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LogicTools Introduces Innovative Inventory Planning Solution
New release accompanied by strong client endorsement |
October 28, 2002 |
Chicago, October 28, 2002... LogicTools, Inc., the leading solution provider in supply chain planning introduced a unique ‘multi-stage' inventory optimization solution that helps companies improve profitability by positioning inventories strategically across the supply chain. Inventory Analyst™ is a web based product that addresses the challenges of improving bottom-line profits while reducing inventory costs and improving service levels to meet customer demand. This product is based on recent research in academia and is superior to current inventory planning solutions. Unlike most existing inventory management systems, Inventory Analyst allows for multi-location “global” optimization rather than the traditional single-location “local” optimization solutions used for inventory planning.
LogicTools' Inventory Analyst has already received strong endorsements from many Fortune 500 companies including Sanmina-SCI, a current user. Sanmina-SCI, a leading electronic manufacturing services company successfully used Inventory Analyst to evaluate a variety of strategic inventory decisions. According to Michael Hegedus, Director of Supply Chain Architecture at Sanmina, "Sanmina leveraged LogicTools' Inventory Analyst to analyze strategic issues in its supply chain with particular emphasis on inventory liability issues. We have identified significant inventory savings opportunities by aligning our supply chain around customer requirements and supplier capabilities. LogicTools provided outstanding support throughout the entire project." Some other customers who are currently implementing Inventory Analyst include General Motors' Research and Development and DSC Logistics.
Inventory Analyst utilizes state-of-the-art mathematical techniques to optimize the allocation of safety stock and committed service time based upon a company's supply chain configuration and service level requirements. With Inventory Analyst you can:
- Improve service levels by positioning the inventory strategically across the supply chain
- Effectively deal with uncertainty in demand and transportation lead times
- Reduce excess inventories and the risk of obsolescence
- Analyze postponement and risk pooling strategies
- Evaluate different sourcing strategies
- Determine the financial implications of servicing customers based on actual cost of goods sold
About LogicTools
LogicTools (www.logic-tools.com), founded in 1995 by David Simchi-Levi, Professor of systems engineering at MIT, offers a comprehensive range of products and services to support strategic and tactical supply chain decisions in a variety of industries. The focus is on a network-aware approach that spans the entire range of decisions from infrastructure through resource utilization to inventory positioning. Our solutions optimize supply chain decisions by considering the entire network, taking into account production, warehousing, transportation and inventory costs, as well as service level requirements.
LogicTools clients include Black & Decker, ConAgra, Del Monte, Domino's, Kohler, Kraft Foods, Osram Sylvania, Ryder Systems, SC Johnson, UPS, USCO Logistics and many others.
LogicTools has been featured in many publications including, Darwin Magazine (2001), eWeek Magazine (February 2002), Inbound Logistics (April 2002, March 2002, November 2001, January 2001), IOMA's Report on Managing Logistics (January 2002), Parcel Shipping & Distribution (April 2002, April 2001, April 2000), Plant Sites & Parks (2001, 1999), Supply Chain Management Review (January 2002, December 2001) and Supply Chain Technology News (January 2002).
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