ILOG Plus Logic Tools Brings Innovation to Supply Chain Planning

from arcweb.com

ILOG’s acquisition of LogicTools is looking like a master stroke that will enable ILOG to bring real innovation to Supply Chain Management, especially in the area of Sales and Operations Planning.
LogicTools was founded in 1995 by David and Edith Simchi-Levi, who are well respected gurus at MIT.  Logic Tools offered tools for supply chain network design and multi-tier inventory optimization.  Supply chain design determines where and how many manufacturing plants and warehouses there should be, given expected demand and transport costs.  Inventory optimization calculates the investment in safety stocks, given the demand variability.  ILOG, which acquired LogicTools earlier this year, was best known for optimization tools, but had developed production and transport planning applications.  The combined entity is now offering innovative supply chain solutions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s