O-I Glass Business Selects Lead Time Technology

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

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."