LogicTools Releases Inventory Analyst 2.0 and Closes 2002 With Record Year of Revenue Growth and Profits.Business Editors National Manufacturing Week 2003 CHICAGO--(BUSINESS WIRE)--March 4, 2003 LogicTools announced the release of Inventory Analyst(TM) 2.0., the firms' latest version of its superior multi-stage 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. solution. LogicTools also announced record growth in both sales and profits. Sales increased by over 50% in 2002. Inventory Analyst is a web-based inventory planning solution that helps companies improve profitability by strategically positioning inventory across every echelon of the supply chain. Unlike most existing inventory management systems, Inventory Analyst allows for optimizing inventory based on the entire supply chain rather than the traditional single-location inventory planning tools. This type of solution has only recently become available commercially because of breakthroughs in solver technology and increasing demand for inventory optimization in many industries. LogicTools' Inventory Analyst has already received strong endorsements from many Fortune 500 companies. One client, a global contract manufacturer of circuit boards, leveraged the power of Inventory Analyst and reduced safety stock levels in excess of 30% with 50% reduction in lead times promised to customers. Other application areas include: -- Make-to-order Versus Make-to-Stock: By taking into account the entire supply chain, forecast error, variability in transportation and manufacturing times as well as service level requirements, Inventory Analyst helps manufacturing companies determine the optimal supply chain strategy where parts of the supply chain operate in a make-to-order fashion while other parts operate in a make-to-stock fashion. -- Retail / Distribution Inventory Optimization: By leveraging the non-linear optimization algorithms, Inventory Analyst determines the optimal inventory levels for each location of the distribution or retail network. Inventory Analyst identifies inventory reductions above and beyond those that are calculated by traditional (linear optimization based) planning products. -- Supplier Selection: Every company understands that selecting suppliers just based on price can be detrimental to their bottom line. Inventory Analyst allows companies to evaluate, compare and select suppliers based on their impact on total supply chain cost. This includes, in addition to purchase cost, the cost of holding inventory due to different lead times from different suppliers. -- Spare Parts inventory planning: Balancing inventory levels and service requirements is critical in any spare parts network. Inventory Analyst determines the optimal level of inventory at each node of the spare part network for each SKU. LogicTools closed 2002 with record sales and profits. Sales growth of over 50% was fueled by the introduction of Inventory Analyst and new releases of LogicChain(TM), the supply chain master planning product and LogicNet Plus(R), the strategic network design product. LogicTools is well positioned to continue its revenue and profit growth in 2003 as it continues to enhance the solution set and add impressive names to its client list. About LogicTools LogicTools (www.logic-tools.com), founded in 1995 by David Simchi-Levi, Professor of systems engineering at MIT MIT - Massachusetts Institute of Technology , 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 utilization, n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be to inventory positioning. Our solutions optimize optimize - optimisation 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 Monte (Italian, Portuguese and Spanish meaning mount) may refer to various things: Monte is the name of several places: In Brazil
The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , Osram Sylvania  It has been suggested that and be merged into this article or section. ()OSRAM SYLVANIA INC. , Ryder Ry·der , Albert Pinkham 1847-1917. American painter known for his rhythmic allegorical works, landscapes, and marine scenes, such as Toilers of the Sea (c. 1884). Systems, SC Johnson, UPS, USCO USCO Unsafe School Choice Option Logistics logistics In military science, all the activities of armed-force units in support of combat units, including transport, supply, communications, and medical aid. The term, first used by Henri Jomini, Alfred Thayer Mahan, and others, was adopted by the U.S. and many other leading Fortune 1000 companies. |
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