Material world: ToolsGroup sheds light on inventory optimization at OSRAM
ToolsGroup , a global provider of demand-driven inventory optimization solutions, says OSRAM S.p.A. will use ToolsGroup Service Optimizer 99+ solution to optimize the planning processes of raw materials and components managed at its production site in Treviso, Italy.
With sales of 4.7 billion euro in 2007, OSRAM is one of the largest lighting manufacturers in the world. Part of the Siemens AG Group , OSRAM has global presence with 41,000 employees in 150 countries, including 48 production and distribution sites in 17 countries. OSRAM operates in North America as OSRAM Sylvania .
"Our decision to implement ToolsGroup’s SO 99+ solutions was principally motivated by the need to review our optimization strategy for purchased components,” says Giuseppe Carrer, coordinator of the Inbound Supply Chain improvement project at Treviso. “In addition to advanced technology and targeted solutions, ToolsGroup offers us a great deal of experience in the field."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey