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Sun Chemical Corporation, reportedly the world's largest manufacturer of printing inks and pigments, has selected Multistage Inventory Planning & Optimization solution from SmartOps of Pittsburgh, Pa.
"Our goal is to implement technology and processes to reduce and sustain significantly lower inventory levels while also improving service levels," says Stuart Foster, vice president of operations for Sun Chemical North America. "MIPO's ability to scale across a complex, multi-echelon supply chain like ours-with a huge range of items, locations and stages-will play an important role in meeting this ambitious objective."
Sridhar Tayur, SmartOps CEO, says MIPO enables customers to determine the best possible inventory and product availability plans given inherent uncertainties, time-varying data, multi-location and inventory stage complexities, and aggressive customer service goals. He says that MIPO dynamically generates optimal inventory targets for each stage of the supply chain while providing visibility into each inventory requirement-including safety, cycle, pre-build, pipeline and merchandising stock requirements, by item or stock-keeping unit-to meet desired service levels.
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