O-I Glass Business Selects Lead Time Technology for Supply Chain Process Improvement

O-I Glass Business Selects Lead Time Technology for Supply Chain Process
Improvement
O-I North America selects Lead Time Technology to implement the LTT
Enterprise(TM) optimization tools suite to enable end to end supply chain
process control

WILMINGTON, Del., Aug. 5 /PRNewswire/ -- Lead Time Technology, a market
leading provider of technology-enabled process optimization tools to reduce
and right-size inventory, improve forecast accuracy and service, optimize
production resources, and reduce cycle time across the supply chain, today
announced that the Owens-Illinois, Inc.'s (O-I) North American division has
selected Lead Time Technology to lead its supply chain process improvement
initiatives and to provide software tools to optimize forecasting, production,
distribution, and inventory management.
O-I based its decision on the successful implementation of a LeadTime
Technology(TM) (LTT Enterprise) system pilot supporting one segment of the O-I
business since early 2007. Along with the tools, Lead Time Technology
consultants lead supply chain management process improvements including the
introduction of a Sales & Operations Planning (S&OP) process with excellent
results in both metrics (improved customer service, reduced inventory,
improved FC accuracy) and operating process improvements.
"Lead Time Technology has not only implemented decision support technology
to enable our people to improve business results; but, they have also enabled
the change management process to win support across the whole organization,"
said James Nordmeyer, O-I North American VP Director - Logistics and Service.
Given the successful results from the pilot implementation, O-I has
selected Lead Time Technology to expand the implementation of its tools and
Lean Six Sigma process improvement services to the remaining O-I North
American segments.
"We are pleased to have the opportunity to continue our work with the O-I
team and deliver the full value of our tools and process improvement
initiatives across the entire North American business," said Catherine
Forsthoffer, VP Sales & Marketing for Lead Time Technology. "Our mission is
to deliver shareholder value to our customers from improved operations,
resource, and inventory process optimization."
About O-I
Millions of times a day, O-I glass containers deliver many of the world's
best-known consumer products to people all around the world. With the leading
position in Europe, North America, Asia Pacific and Latin America, O-I
manufactures consumer-preferred, 100 percent recyclable glass containers that
enable superior taste, purity, visual appeal and value benefits for our
customers' products. Established in 1903, the company employs more than 24,000
people with 82 manufacturing facilities in 22 countries. In 2007, net sales
were $7.6 billion. For more information, visit http://www.o-i.com.
About Lead Time Technology, Inc.
Founded in 1998, Lead Time Technology (LTT) is a market leading company
that provides clients with process consulting and decision support tools to
profitably manage planning, scheduling, and inventory optimization at all
production and distribution locations. LTT simultaneously considers all
business processes, constraints, costs, and business objectives to forecast
and determine the most profitable flow of materials, inventory levels, and
utilization of resources for any given planning horizon. Its applications are
developed by practitioners for practitioners to achieve world class operations
improvement leveraging Lean, Six Sigma, and SCOR principles supported by
patented algorithms and technology. LeadTime Technology's(TM) unique
combination of consulting and decision support tools enables operational
decisions to be clearly correlated to financial measurements ensuring rapid
ROI and increased contribution to shareholder value. As a Microsoft Certified
Partner using Microsoft application platform technology and independent of
enterprise applications, the intuitive user interface distills all supply
chain complexities into a simple list of recommendations for continuous flow
management and synchronization in virtually any size or type of operating
environment. Contact Lead Time Technology at 423-240-0365, or
http://www.leadtimetechnology.com for more information.
Press and Analyst Contact:
Cathy Forsthoffer
Cathy.Forsthoffer@LeadTimeTechnology.com
423-240-0365

SOURCE Lead Time Technology, Inc.

Cathy Forsthoffer of Lead Time Technology, Inc., +1-423-240-0365,
Cathy.Forsthoffer@LeadTimeTechnology.com