Chemical Producer TFL Reduces Finished Goods Inventory by 22 Percent and Improves Bottom Line with ToolsGroup.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- SAP-Integrated Inventory Planning Solution Also Improves TFL's Global Service Levels ToolsGroup, the leading supplier of distribution-focused inventory optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. solutions and TFL TFL, n tensor fascia lata; a muscle that originates from the anterior superior iliac spine and anterior portion of the iliac crest. Its primary functions include flexing and abducting the thigh. , a global chemicals manufacturer and distributor, today announced that using ToolsGroup's DPM (Documents Per Minute) The number of paper documents that can be processed in one minute. solution, TFL reduced finished goods inventory by more than 22 percent while simultaneously increasing customer service. The solution was seamlessly and easily integrated to TFL's SAP R/3 transactional system. TFL Italia, a subsidiary the German leather chemicals group TFL, selected ToolsGroup's DPM solution for an aggressive finished goods inventory planning and optimization project systematically addressing its entire production and distribution network. TFL aimed to reduce inventory holding costs, while maintaining a high level of service. "DPM has enabled us to lower inventory in a short space of time, without hurting our service levels," said Mr. Riccardo Jaforte, Logistics Manager for TFL. "In fact, it has actually improved our service levels and helped increase sales." "Additionally, the integration with our transactional system, SAP R/3, was achieved as scheduled by ToolsGroup, with relatively minor involvement of our own resources," said Mr. Luigi Domenella, IT Manager for TFL. The DPM solution was initially installed in July 2003, and after just one month reduced inventory and increased service levels. Based on this success, TFL recently expanded the implementation with a second DPM implementation. Together, these projects produced an average global service level increase of 3.5 percentage points, and increased average inventory turns from 90 days to 70 days. About TFL The German group TFL spans 90 countries, with 15 branches and eight production plants throughout Europe, Asia and the Americas. TFL develops, produces and markets chemical products for the tanning tanning, process by which skins and hides are converted into leather. Vegetable tanning, a method requiring more than a month even with modern machinery and tanning liquors, employs tannin; its use is shown in Egyptian tomb paintings dating from 3000 B.C. industry, and provides associated services. The group has annual sales revenue of $320 million. About ToolsGroup ToolsGroup provides inventory optimization software Free and Open Source software
stochastic - probabilistic solution optimizes multi-echelon distribution chain inventory, from finished goods assembly to the end consumer, and from strategic network design to daily operations. It allows supply chain managers to meet demanding service levels, while reducing inventory and operating costs operating costs npl → gastos mpl operacionales . With more than 80 customers in 28 countries, it is the most experienced inventory optimization software provider worldwide. For more information on ToolsGroup and its solutions, please visit www.ToolsGroup.com. |
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