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Services Sep 30, 2015 2:00 PM

ThyssenKrupp Aerospace optimizing customers' inventory management

ThyssenKrupp Aerospace, a company belonging to the Group's Business Area Materials Services, is further expanding its supply chain services. The aerospace experts of the ThyssenKrupp Group have stepped up cooperation with Barloworld, a leading supplier of planning and optimization software. In order to further enhance inventory management and reliable supplies in the interests of its customers, ThyssenKrupp Aerospace is increasingly making use of OPTIMIZA software which it will roll out on a global scale. In addition, further functions are together being developed, depending on customer needs.

OPTIMIZA helps address rising customer expectations by assisting in short- and medium-term requirement forecasts. It also displays supply chain trends, thus allowing inventories to be planned accordingly. Another feature of the software is to link internal systems with customer data and supplier information thus revealing any materials bottlenecks or other short-term problems.

"Our partners operate on a global scale and expect from us sophisticated service standards, a high degree of transparency and commensurate prices," says Harald Meyer, CFO of ThyssenKrupp Aerospace, and adds, "The worldwide use of OPTIMIZA will allow us to further enhance materials availability and on-time deliveries for our customers combined with economically optimum inventories."

About ThyssenKrupp

ThyssenKrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. Over 155,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2013/2014 ThyssenKrupp generated sales of around Euro41 billion.

Together with our customers we develop competitive solutions for the challenges of the future in the areas Mechanical, Plant and Materials. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to meet current and future customer and market requirements around the world, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.

ThyssenKrupp Aerospace provides the world's leading aerospace companies with materials and supply chain management services. The multinational group operates from numerous locations in the Americas, Europe, North Africa and Asia Pacific. At home in all the world's aerospace manufacturing regions, the company's 1,600 employees aggregate demand across a single supply chain on behalf of the world's leading OEMs. At the same time, the ThyssenKrupp Aerospace network supplies local services to meet the needs of aerospace subcontractors throughout the world.