| COMPANY: | The Dow Chemical Co. |
| HEADQUARTERS: | Midland, MI |
| SIZE OF COMPANY: | 1,000 or more employees; more than $1B in revenue |
| INDUSTRY: | Chemicals |
| PRIMARY PRODUCT LINE: | Using chemistry, innovation, and sustainability to provide fresh water, food, pharmaceuticals, paints, packaging, and personal care products |
| NAME OF PROJECT: | Discrete Event System Simulation for Feedstocks Inventory Management at the Dow Chemical Company |
| PROJECT OBJECTIVE: | To provide the Hydrocarbons & Energy business with a simulation tool to optimize the inventories of four feedstocks; measure system variables and model their effect on system performance; use model to generate minimum/optimum inventories for future planning |
| TECHNOLOGIES EMPLOYED: | iThink Simulation Software Package from iSee Systems |
| ACCOMPLISHMENTS/ROI: | Reduced feedstocks inventory targets; reduced working capital requirements by $30 million in 2009, saving roughly $4 million; expect $24 million in net present value for next 10 years with current inventory reduction plans |