PolyOne Distribution Targets Inventory Planning and Optimization

Plastic resins supplier to deploy Optiant solution in bid to reduce expediting costs, enhance service levels

Plastic resins supplier to deploy Optiant solution in bid to reduce expediting costs, enhance service levels

Boston  April 17, 2006  Plastic resins company PolyOne Distribution is set to use an inventory planning and optimization solution from Optiant as part of an initiative to reduce rising expediting costs and improve customer service levels, the solution provider has announced.

PolyOne will utilize Optiant's PowerChain Suite to design a more responsive and resilient supply chain that will optimize bottom-line performance while balancing resources, total costs and service levels.

A unit of Cleveland-based PolyOne Corporation, PolyOne Distribution operates customer service centers in the United States, Canada and Mexico. PolyOne Distribution delivers a range of resins from top North American chemical companies and smaller suppliers from around the world, including Dow Chemical, BP Amoco and DuPont.

Working with the company's supply chain solutions team, Optiant will help PolyOne better manage its supply chain to meet rising customer demands for quick turnaround within the plastics industry.

"In the plastics distribution business, profitability is dependent upon effectively meeting our customers' demands in a time-efficient manner," said Tim Lewis, PolyOne distribution project manager. "We selected Optiant based on their robust industry-specific knowledge, and we are confident that Optiant's leading chemical industry solution will help us ensure we are as efficient as possible."

Optiant said its Chemical Solution is designed to help companies better manage the chemical supply chain and address industry-specific pain points. "Optiant's ... PowerChain Suite will enhance PolyOne's profitability by reducing expediting costs and improving customer service levels by streamlining their supply chain," said Matt Menner, Optiant senior vice president for global sales and alliances

With 2005 annual revenues of approximately $2.5 billion, PolyOne is a leading global polymer compounding and services company and a North American distributor of thermoplastic resins.

Additional Articles of Interest

 For an in-depth look at how agribusiness Syngenta is reducing inventory while maintaining customer service levels by building a demand planning process based on a collaborative forecasting solution, see the SDCExec.com article " Forecasting Processes from the Ground Up ."

 Do you only dream of having a supply chain as efficient as Dell's? Then it's time to wake up and manage your inventory liability. To find out how, read the SDCExec.com article "Managing Inventory Liability in an Outsourced Relationship."