Achieving Supply Chain Excellence

Symposium to address strategies for improving competitiveness through more agile supply chain practices

Symposium to address strategies for improving competitiveness through more agile supply chain practices

Chicago  June 27, 2003  While the economy is beginning to show signs of breaking out of its three-year doldrums, much of the focus for manufacturers continues to be on driving down the cost of doing business. This autumn supply chain planning tools developer LogicTools is looking to address these concerns by hosting a symposium featuring academic and business leaders who will discuss strategies and techniques for improving profitability and reducing costs by strategically positioning inventory throughout the supply chain.

The symposium, scheduled for October 17 at the Summit Executive Center in Chicago, will include presentations by supply chain experts from Descartes Systems, LogicTools and SAP, as well as case studies and panel discussions by executives from General Motors, Kraft Foods, Ipiranga and Timken.

David Simchi-Levi, who is chairman of the board of LogicTools as well as a professor of engineering systems at the Massachusetts Institute of Technology, will also make a presentation on new approaches to reducing procurement costs.

"The number one concern of business leaders in the global economy is to remain competitive," said Simchi-Levi. "That means they need to be able to analyze the drivers of inventory in order to improve supply chain performance. It's all about using information to look at 'what if' scenarios and ultimately making decisions. The presenters at the symposium have lived it and will be presenting best practices for optimizing inventory in the supply chain to balance variability in demand, production and lead times with service requirements."

In addition to these topics, the symposium also will address such issues as best practices in global sourcing, including trade-offs between outsourcing versus vertical integration; gaining competitive advantage by managing risk and uncertainty in the supply chain; and generating value using inventory optimization while leveraging existing information technology infrastructure.

The full-day symposium is aimed at supply chain, manufacturing, procurement and operations executives and practitioners who are interested in applying new concepts in supply chain technology while maximizing the return on investment in their existing software, according to LogicTools.

The cost is $265 per person, although the organizer says that early registration and group discounts are available. Registration must be received by October 10; there will be no onsite registration. Those interested in attending should contact Aimee Ortiz at 888-265-4706 or visit www.supplychainexpert.com.
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