SOURCE: Invistics

Invistics

July 12, 2011 08:09 ET

Invistics Takes the Guess Work out of Production Quantities

Latest MachSix Module Optimizes Lot Sizes and Batch Sizes for Complex Manufacturers

ATLANTA, GA--(Marketwire - Jul 12, 2011) - Invistics, the recognized leader in Lean manufacturing analytics software solutions for high-mix manufacturers, today announced the addition of the Lot Sizer module to its on-demand MachSix software suite. The module leverages Invistics' patented algorithms to automatically calculate optimal production quantities in any high-mix manufacturing environment by balancing the overall inventory costs and equipment change-over costs while maintaining the ability to meet customer demand.

"The ability to calculate optimal production quantities in environments where hundreds and even thousands of products are manufactured using shared equipment is one of the toughest challenges for Lean practitioners," said Tom Knight, CEO of Invistics. "The MachSix Lot Sizer is the result of customer demand and several years of intense development. It has been extensively field-tested and we are very excited that it is finally generally available," he added.

The MachSix Lot Sizer calculates the right production quantities in any high-mix manufacturing environment regardless of the number of products or demand variability. It enables executives to optimize inventory costs and working capital without degrading customer service. In discrete industries, the module optimizes lot sizes, and in process industries, it optimizes batch sizes and/or campaign sizes. Like other MachSix modules, the Lot Sizer is available as a monthly subscription with implementation times of less than two weeks. A customer-hosted version is also available.

The MachSix software suite adds pull-based replenishment capabilities to more than 250 ERP/MES systems. It provides all the tools needed to analyze and optimize inventory levels, and provides the entire organization with a real-time view into the plant floor and across the supply chain. With just five minutes of training, employees can gain insights into inventory levels -- segmenting by business unit, product line, region, or plant. Based on Lean manufacturing principles and key Six Sigma techniques, the MachSix suite is available as hosted solution or implemented at the customer site. Companies using MachSix have achieved dramatic, sustained results including more than 99% on-time deliveries, an average reduction of 50% in inventory, and reduction in cycle times by more than half.

About Invistics
Invistics provides consulting services and supporting software solutions that enable high-mix manufacturers to achieve the right inventory levels for their supply chain through advanced analytics and actionable insights. Based on Six Sigma and Lean principles, Invistics solutions help manufacturing executives improve profitability by reducing cycle times and costs, while increasing throughput and customer satisfaction. www.invistics.com

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