SOURCE: ToolsGroup
May 07, 2008 12:27 ET
ToolsGroup Drives Supply Chain Optimization for ITT Industries Friction Products
Brake-Pad Market Leader Selects ToolsGroup for Advanced Sales and Operations Planning
CAMBRIDGE, MA--(Marketwire - May 7, 2008) - ToolsGroup, a global provider of
demand-driven inventory
optimization solutions, announced that ITT Industries Friction Products
has contracted with the company to implement its supply chain planning
solution, Service Optimizer 99+ (SO 99+). ITT will use the supply chain
solution for sales forecasting and managing purchasing plans.
Part of the US group of ITT Industries, ITT Industries Friction Products is
a worldwide market leader in the manufacture of pads for brake systems.
"We selected SO 99+ because of its ability to integrate with ERP (SAP R/3)
and its support of the new planning process based on advanced Sales &
Operations Planning (S&OP) theories," said Luigi Mezzadri, supply chain
director at ITT. "We'll use the system to optimize service to our markets
and to minimize the costs associated with the continued revision of
production plans and split deliveries. ToolsGroup's SO 99+ fits our need
for a solution that provides service level excellence and addresses the
varied demand that is a common characteristic of our target markets."
Using the Demand Planner component of SO 99+, ITT will calculate sales
forecasts and manage the collaborative process, which balances client
purchasing plans with promotions negotiated by distributors. In addition,
the advanced Inventory Planning module manages the stock planning process
and determines the optimum stock level required to achieve the desired
level of service, while balancing market variations in the
logistics-production chain.
ToolsGroup is a certified partner of SAP (Powered by SAP NetWeaver®) and
the SO 99+ suite is particularly suited to integration with operating
processes managed by SAP R/3.
About ToolsGroup
ToolsGroup is an innovation partner for companies who want to achieve
outstanding customer-service levels with less global inventory. Using our
demand-driven inventory optimization solutions, our customers improve daily
forecast
accuracy and correctly set safety stocks to achieve up to 99+ percent
customer-service levels while significantly cutting inventory. ToolsGroup
has more than 150 customers in 31 countries worldwide. For more information
on ToolsGroup and its solutions, please visit www.ToolsGroup.com.
About ITT Industries Friction Products
ITT Industries Friction Products is part of the US group of ITT Industries,
which manufactures products for a wide range of market sectors including
water treatment systems, dynamic fluid pumps and electronic components for
defense systems and the automotive industry. ITT Industries Friction
Products has facilities in Europe and the US. The company serves the OEM,
OES, and After Market sectors. ITT is known for its technological
leadership, its competency in reacting to clients and for the in-depth
training and motivation of its staff.