August 20, 2007 – Israeli foundry Tower Semiconductor says it will use an “inventory lifecycle” program to manage its spare parts for chipmaking tools, in an effort to streamline its parts usage, help raise capacity, and ultimately save millions of dollars over the next several years.

The program, which includes on-site spare parts management services, planning, procurement, logistics, repair, transport and delivery, will help improve availability of spare parts and reduce the company’s inventory level, “which may result in increased manufacturing capacity”

Tower says it already has projected $15 million in savings over the next three years with the inventory management system.