Tompkins Associates, ArrowStream Partner to Provide Innovative Supply Chain Solution for Product Distribution
CHICAGO, IL, and RALEIGH, NC, September 27, 2011 – Two well-known firms in the consumer products industry – Tompkins Associates and ArrowStream – have formed a partnership to unlock significant savings in companies’ order-to-delivery processes.
Steven LaVoie, CEO, ArrowStream
Over the past 10 years, ArrowStream has built and tested its software suite with numerous brand name companies. “These companies have reduced logistics costs by an average of 7-10%, and this equates to an approximate 30% increase in logistics income for distributors,” says ArrowStream’s CEO, Steven LaVoie. “Moreover, they are realizing a 3-5% reduction in inventories.”
Jim Tompkins, CEO, Tompkins Associates
LaVoie also notes that decreases in product movements effectively limit carbon footprints by greater than 10% in most cases.
Designed and tested in the food and beverage industry, this innovative solution manages the inbound process from pre-order to consumption. The combination of software applied with effective operational practices optimizes order management, inventory, logistics, and transportation – delivering meaningful financial returns and streamlining operations.
As a partner, Tompkins Associates provides operations strategies, process improvements, and implementation assistance to help assure early and sustainable payback.
Jim Tompkins, CEO of Tompkins Associates, believes that the ArrowStream solution is unique in its focus on item-level transactions and return on investment. “This is the best software application we have reviewed for managing the total order process, from planning to point of purchase in distribution,” he says. “Optimizing inbound transportation and inventories together yields significant financial benefits, as well as operational performance gains.”
The two firms plan to offer this solution across multiple industries, as reduced costs, lowered inventories and decreased footprints are top priorities for all executives and supply chain leaders seeking profitable growth and increased shareholder value.
About ArrowStream
ArrowStream maximizes inbound freight earnings through integrating traditional freight management with purchasing and replenishment systems. Their proven supply chain technology and logistics offerings give businesses end-to-end, real-time supply chain data and visibility that better informs strategic decision making, improves operations and reduces costs. ArrowStream connects a company’s entire supply chain into a single integrated platform to improve supply chain visibility and predictability. Headquartered in Chicago, IL, ArrowStream is spearheading the inbound transportation management movement. For more information, visit www.arrowstream.com
About Tompkins Associates
Tompkins Associates transforms supply chains for profitable growth. For more than 35 years, Tompkins has evolved with the marketplace to become the leading provider of growth and business strategy, global supply chain services, distribution operations consulting, information technology implementation, material handling integration, and benchmarking and best practices. The company is known for innovative, practical solutions that improve supply chain performance and produce value-based results. Headquartered in Raleigh, NC, Tompkins has offices throughout North America and in Europe and Asia. For more information, visit www.tompkinsinc.com.