Boston, MA (PRWEB) February 15, 2006
SLIM Technologies will showcase its innovative dynamic sourcing solutions at the 2006 INFORMS Conference in Miami. Dynamic sourcing is a new method for operational supply chain management where, through sophisticated optimization methods, customer orders are matched with available inventories.
Dynamic sourcing has been successfully used by a leading material handling equipment company to save millions of dollars in operating and transportation costs. With dynamic sourcing, the material handling company has also been able to operate with leaner inventories and, consequently, avoid tens of millions of dollars in inventory investment costs.
Dr. Jeremy F. Shapiro, SLIM Technologies President & CEO stated, “Dynamic sourcing is a new method for operational supply chain management in consumer products companies. It is holistic in its approach to meeting customer orders over the next several days by shipments from a network of distribution centers where inventories are held. To deal with the complexities of dynamic sourcing, companies are adopting processes that use optimization models on a daily basis to identify plans that minimize short-term production, transportation and inventory costs while maintaining acceptable levels of customer service.”
SLIM Technologies was chosen from hundreds of applicants that submitted presentation ideas to the prestigious INFORMS Conference. INFORMS selectively extends invitations to speakers based on their demonstrated ability to address real-world business topics with technical content, and also to support those topics with actual case studies.
At the INFORMS Conference, Dr. Shapiro will present an overview of the dynamic sourcing system, describing how it integrates with order management, inventory management and transportation management systems. He will also discuss the optimization technology, the people and planning processes that support the system, and the benefits the company has realized in using the system.
About SLIM Technologies
SLIM Technologies has been helping leaders in the retail, consumer goods, industrial manufacturing and medical products optimize their supply chain strategies since 2000. Based on years of experience, we understand that “one-size fits all” supply chain network modeling doesn’t work in today’s complex global supply chains. That’s why our supply chain design software offers Pinpoint Optimization, or the unique ability to move from macro to micro analysis across all critical supply chain dimensions – time, geography, costs and capacities. Customers like Alcoa, Best Foods, Canadian Tire, Doane Pet Care, Finn Forest, Genencor and IKEA enjoy substantial cost savings that translates directly to their bottom line.
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