SOURCE: ToolsGroup

June 12, 2008 10:00 ET

ToolsGroup to present Web Seminar on Impact of Global Sourcing on Inventory Levels

Video Webcast to Review Models for the Management of Global Supply Chain Sourcing

CAMBRIDGE, MA--(Marketwire - June 12, 2008) - ToolsGroup, a global provider of demand-driven inventory optimization solutions will present the second installment of its Inventory Optimization Videocast Series on June 17, 2008 at 11:30 a.m. EDT. This videocast, "How to Mitigate the Impact of Global Sourcing on Inventory Levels," will review models for the management of global supply chain sourcing, current practices, goals, benefits and trends.

Global sourcing has become a central part of many companies' supply chain strategies. The shift towards low-cost country sourcing started in the 1990s and has accelerated into this decade, yielding significant capital margin and efficiency improvements, but also risks, challenges and a significant negative impact on overall inventory levels.

In their presentations, Girish Bakshi, director of product marketing for ToolsGroup, Inc., and Mike Jones, president of St. Onge, will provide insight into supply chain considerations, including a comparison of offshore versus domestic sourcing decisions and thoughts on how to minimize the inventory impact of global sourcing. The online event will draw several hundred supply chain executives from around the world, who will have the opportunity to ask questions regarding current industry issues during the live Q&A section of the videocast.

For more information, or to register for the videocast, visit http://www.toolsgroup.com/about_events.html. An on-demand version of the first segment in the series, "Keys to Inventory Optimization Success," can also be found at this site.

About ToolsGroup

ToolsGroup is an innovation partner for companies who want to achieve outstanding customer-service levels with less global inventory. Using our demand-driven inventory optimization solutions, our customers improve daily forecast accuracy and correctly set safety stocks to achieve up to 99+ percent customer-service levels while significantly cutting inventory. ToolsGroup has more than 150 customers in 31 countries worldwide. For more information on ToolsGroup and its solutions, please visit www.ToolsGroup.com.

Contact Information

  • For more information on this announcement, please contact:
    Jonathan Bloom
    Citigate Cunningham
    Email Contact
    (617) 374-4298