APICS PDM at The City Club of Cleveland
Thursday, February 14th, 2013
"Going Beyond Safety Stocks – How Moen Leverages
Multi-Echelon Inventory Management to Optimize Stock Levels"
Mark Snyder, Director of Global Material Planning at Moen, Inc.
Michael Tew, Account Executive at Logility
Seeking a way to more effectively manage finished goods and component safety stocks, Moen launched an inventory rebalancing initiative with Voyager Inventory Optimization. Learn about the journey the organization went through to complete this important initiative that spans multiple facilities on two continents.This presentation is oriented not just to the theory, but also how a multi-echelon inventory optimization (MEIO) was actually implemented, and the quantifiable results it delivered. Co-presented by representatives from Moen and Logility, the implementation as well as the Logility Voyager system will be discussed.
Also Covered:
• What multi-echelon inventory optimization (MEIO) is all about
• How an inventory segmentation process was developed, implemented, and used to drive master data consistency
• The progression from single echelon planning to supply chain wide multi-echelon planning
• How finished goods and the total inventory investment were reduced
• How service levels were maintained while reducing inventory and improving working capital
About Moen & Logility:
Moen is the #1 faucet brand in North American and offers a diverse selection of thoughtfully designed kitchen and bath faucets, showerheads, accessories, bath safety products and kitchen sinks for residential and commercial applications. Headquartered in North Olmsted Ohio, the company operates multiple facilities in the U.S. and abroad. Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large, and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions™ is a comprehensive supply chain management suite that features a performance monitoring architecture and provides supply chain visibility; demand, inventory and replenishment planning; sales and operations planning (S&OP); supply and inventory optimization; manufacturing planning and scheduling; and transportation planning and management.
Mark Snyder is the Director, Global Material Planning at Moen Incorporated’s headquarters in North Olmsted Ohio. Within this role he is responsible for the master scheduling function, as well as global leadership in material planning and inventory management. While at Moen, Mark has led multiple supply chain initiatives including:
• Implementation of a multi-echelon inventory optimization system and processes that resulted in a 25% reduction in target safety stock while maintaining or improving customer order fill rates. This system used the Logility Voyager strategic IO modeler, and was utilized in global supply chains across the US, Canada, China, and Latin America.
• Expanding the SAP Advanced Planning and Optimization Capable to Match (APO CTM) constraint based planning system from a pilot to full production status for US based manufacturing. The results produced a material supported production plan for US manufacturing and has reduced past due requisitions by 50%.
• Creating a late point differentiation kitting process that eliminated the planning and stocking of hundreds of configurations of a showering product line. Product was kitted to customer order and shipped within a standard 3-4 day order processing lead time.
Previous to Moen, Mark has held multiple leadership, supply chain, and systems implementation positions at Demag Plastics Group, Bosch Rexroth, FMC FoodTech, and Nordson Corporation.Mark resides in Amherst Township with his wife, Lynda. They have 2 grown children and 1 grandchild.
Michael Tew is the Logility Account Executive working with Moen on this project. Mike has 20 years of experience focused on helping companies improve their supply chain planning and execution capabilities.As an Account Executive with Logility, Mike helps businesses to optimize sales and operations planning to understand customer demand while right-sizing inventories. Mike holds a degree in Computer Science from Graceland University and resides in Grand Rapids.
