Saphran And ITW Present New Approach To Supply-Chain Management
SCOTTSDALE, Ariz., Feb. 19, 2013
SCOTTSDALE, Ariz., Feb. 19, 2013 /PRNewswire/ -- Executives from Saphran
Solutions and Illinois Tool Works (ITW) will discuss how Saphran has helped
ITW develop and manage market forecasts taking into account supply-chain
turbulence at the Institute of Business Forecasting and Planning's Supply
Chain Planning and Forecasting Conference, February 24-26.
Saphran's software allows ITW to integrate market forecasts with data from the
company, its customers and suppliers to improve production schedules and
forecasts, according to Gwen Steinmetz, global Ford business manager for ITW's
Global Automotive Fastener Group.
ITW implemented Saphran systems across multiple operations with different
internal planning systems to operate with common global business processes.
The new program provides ITW with integrated views of data across various
platforms which enables ITW to react in an efficient and more timely manner to
changing business and market conditions.
ITW manufactures numerous products in seven business segments, operating from
840 business locations in 58 countries.
Saphran is a leader in the design of systems to manage an entire business
cycle, including closed-loop predictive analytics for a company's current
enterprise systems and for planning, quoting, costing and forecasting,
according to Ken Bassey, Saphran's founder and CEO.
Bassey notes that Saphran provides active business management systems with
data synchronized to current and future product structure, platforms and
product models. Time frames and attributes for analysis are flexible and
modifiable, and closed-loop integration brings together external market
forecast data with current operations data to predict future demand and
anticipate risk. The system is flexible to help companies diversify and
expand without investing in new processes and systems.
Saphran systems can maintain a rolling composite forecast, combining
historical, short-term and long-term information and forecasts. They produce a
consensus forecast with current business conditions updated in realtime in a
collaborative manner with the latest business information and market
"In our constantly changing business environment, managers from companies such
as ITW, face demands for more agility, accuracy and flexibility to meet
uncertainty in the supply chain," Bassey adds. "Just how do you forecast for a
hurricane on the East Coast closing critical ports of delivery, a tsunami
causing lengthy delays in critical electronic components, a recession
dramatically cutting automotive production or significant key-commodity price
"Saphran technology helps its customers meet these major supply-chain
About Saphran Solutions
Founded in 2004, Saphran Solutions is located in Franklin, Michigan. An
independent software developer, the company helps automotive suppliers and
other manufacturers achieve dramatic efficiencies and increased profitability
by narrowing the gap between business planning and performance. Saphran
software modules are designed for original equipment suppliers with sales of
between $50 million and $20 billion. The company's software programs can be
implemented quickly; pay for themselves within three to six months; provide
significant competitive advantages, and help protect and increase profit
margins. More information about Saphran is available at
About Illinois Tool Works
Illinois Tool Works or ITW (NYSE: ITW) is a Fortune 200 company that produces
engineered fasteners and components, equipment and consumable systems, and
specialty products. It employs nearly 65,000 people, and is based in Glenview,
Illinois, with operations in 58 countries. http://www.itw.com
About The Institute of Business Forecasting & Planning
IBF is a membership organization for demand planning, forecasting, and supply
chain education. The IBF is known as a center of learning for forecasting &
planning strategies and techniques for every major industry on a global
SOURCE Saphran Solutions
Contact: Media Contact: Larry Weis, AutoCom Associates, +1.248.647.8621,
firstname.lastname@example.org; ITW Contact: Alison Donnelly, Corporate Communications
Manager, +1-847-657-4565, email@example.com; Saphran Contact: Sue Lines, VP
Operations & Communications, +1-248-953-9450, firstname.lastname@example.org
Press spacebar to pause and continue. Press esc to stop.