DALLAS, September 15, 2020 / PRNewswire / –The logic of the river, the leading provider of analytical prescription technology, successfully deployed supply chain optimization technology for production at Philip Morris International (PMI), a multinational tobacco company with nearly 40 manufacturing centers worldwide.
“We are excited about the opportunity to be a preferred technology vendor and help address the supply chain optimization needs of Philip Morris International,” said Carlos Centurion, President of River Logic. “When it comes to resource optimization on a global scale, especially for an industry that is changing so fast, it is important that manufacturing companies consider the value chain from one end to the other, not just the supply chain.”
In partnership, River Logic and PMI created a digital twin of the company’s global production footprint, equipped with the advanced analytical capabilities described. The solution provides scenario analysis capabilities that enable PMI to assess the impact of changes in local market regulation, business disruption, product portfolio changes, equipment movements and more on a monthly basis versus only on an annual basis. A key requirement of the technology was the ability to drive forward optimization scenarios using robust financial modeling to represent production costs, tasks, and transportation costs across the network.
“With the introduction of the non-smoking product category in the PMI portfolio, our business ecosystem is changing drastically. There are so many non-standard complications and new constraints throughout our value chain that traditional tools and techniques can not rely more on creating our guide, ”he said Alexandros Skandalakis, Director Production Capacity and Trace in PMI. Implementing the River Logic solution enables us to extend the number of variables that can influence decisions, such as resource options, capabilities and capabilities, cross-trade area product tasks, inter-plant product transfer prices and costs We reduced the spreadsheet simulations by 90% and reduced the time required to evaluate the scenario from week to hour.Today, we have a digital, collaborative and cross-functional tool that helps us identify and quantify opportunities of source on a global scale, in different product categories, up to a 10-year Sliding Period “.
About River Logic
River Logic has been a global innovator in recommended analysis (optimization) since 2000. Its platform offers a unique combination of descriptive analytics, visualization and embedded knowledge (e.g., financial modeling, cost calculation, constraints). business) that enables users to configure code- free analytical models of recipes that are more comprehensive than those built with other tools. By understanding how to make better use of cross-functional resources and manage trade exchanges, companies make more influential decisions.
About Philip Morris International: Giving a Smoke-Free Future
Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products for the benefit of adults who would otherwise continue to smoke, society , the company and its shareholders. PMI is a leading international tobacco company engaged in the production and sale of cigarettes, as well as smokeless products and electronic devices and associated accessories, and other nicotine-containing products in overseas markets. United States. In addition, PMI sends a version of it IQOS Platform 1 equipment and its consumables authorized by the U.S. Food and Drug Administration at Altria Group, Inc. for sale in the US under license. PMI is building a future in a new category of non-smoking products that, although they have no risks, are a much better choice than continuing to smoke. Through multidisciplinary skills in product development, state-of-the-art facilities and scientific certification, PMI aims to ensure that its smoke-free products meet increased consumer preferences and strict regulatory requirements. PMI on tobacco IQOS The product portfolio includes steam products that do not burn and do not contain nicotine. As for June 30, 2020, PMI estimates that approximately 11.2 million adult smokers worldwide have already stopped smoking and switched to the non-combustible PMI product, available for sale in 57 markets in major cities or nationwide under IQOS brand For more information, please visit www.pmi.com and www.pmiscience.com.
SOURCES Logic River, Inc.
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