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News Release from: SynQuest
Edited by the Manufacturingtalk Editorial
Team on 13 August 2002
Model logistics planning deal announced
SynQuest has announced that Nissan North America has licensed SynQuest supply chain planning solutions to reduce total costs across its logistics network.
SynQuest has announced that Nissan North America has licensed SynQuest supply chain planning solutions to reduce total costs across its logistics network Penske Logistics will provide logistics design services
This article was originally published on Manufacturingtalk on 14 Nov 2001 at 8.00am (UK)
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Nissan will use the software and services to conduct new model logistics planning across its North American operations.
SynQuest and Penske formed a working relationship in February 2002 to offer integrated software and services for optimising inbound logistics networks, and Nissan is the first new joint customer.
The SynQuest solutions are designed to quickly and completely model complex inbound networks, which includes balancing trade offs for the lowest total cost across transportation, inventory, manufacturing, suppliers and returnable containers, while respecting lean manufacturing operating practices.
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Penske has licensed SynQuest Supply Chain Design, Inbound Planning and Tactical Planning Engine software to provide enhanced logistics services.
Penske will provide on-site support to assist Nissan in using the SynQuest solutions to determine delivery routes and frequency for the lowest total delivered cost.
"We are looking forward to working with SynQuest and Penske to improve our inbound logistics planning processes," said Mike Steck, Director of Supply Chain Management for Nissan North America.
"Nissan has earned the title of most efficient manufacturer in North America for eight consecutive years, and we are excited to be working with such a successful company," said Tim Harvey, President for SynQuest.
"SynQuest solutions are designed to plan supply chains to run as smoothly and profitably as possible, and we believe our software can help Nissan continue to bring quality products to market quickly by determining the best way to reduce logistics costs from product design through vehicle delivery." "The ability to participate in strategic, tactical and operational planning with a world class manufacturer like Nissan is exactly the kind of opportunity we had envisioned when forming our relationship with SynQuest," said Joe Gallick, Senior Vice President for Penske Logistics.
"We look forward to working closely with Nissan to deliver executable solutions within their inbound supply network as efficiently as possible." The SynQuest software will run on IBM hardware and servers.
Per a separate agreement with Nissan, IBM will provide additional services via its outsourcing centers.
About SynQuest - SynQuest specialises in providing supply chain planning software that is designed to significantly reduce manufacturing and logistics costs and, at the same time, enable companies to meet customer requirements.
SynQuest software uses financially focused technology to solve high-value supply chain problems for target markets including automotive and industrial manufacturers.
The company's supply chain planning solutions feature rapid implementation for a fast, compelling return on investment.
For more information visit www.synquest.com.
About Penske Logistics - a wholly-owned subsidiary of Penske Truck Leasing, Penske Logistics provides global solutions for transportation management, distribution management and integrated logistics.
Located across three continents, Penske is committed to flawless execution, calling on the company's technology, engineering and operational expertise to provide world-class solutions specifically designed to fulfill each customer's unique supply chain needs.
Penske Logistics can be reached at www.penskelogistics.com.
Headquartered in Reading, Pa, Penske Truck Leasing is a joint venture of Penske Corporation and GE Equipment Management.
A global transportation services provider, the company operates approximately 200,000 heavy-, medium-, and light-duty trucks and serves customers from more than 700 locations in the United States, Canada and Mexico.
Product lines include full-service leasing, contract maintenance, and commercial and consumer rental.
Penske Truck Leasing's annual revenues are approximately US $3.4 billion.
The company can be reached at www.pensketruckleasing.com.
About Nissan - in North America, Nissan's operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing.
More information on Nissan in North America and the complete line of Nissan and Infiniti vehicles can be found online at www.nissandriven.com and www.infiniti.com or contact the corporate media line at +1 310-771-5631.
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