UPS announced a new subsidiary, UPS Consulting.

UPS Consulting will advise clients on areas that go beyond fulfillment and distribution such as product design, sales and marketing, planning, procurement, production and cash management. Results include improved forecasting accuracy, reduced cycle times and process costs, better asset utilization and reduced working capital requirements.
"In recent years UPS has invested heavily in growing its capabilities to bring the broadest range of solutions to our customers who want to refine their global supply chains," said Joe Pyne, UPS senior vice president for corporate development. "Looking forward, many businesses want to take the next step and re-engineer how they approach their entire business. UPS Consulting's staff has the expertise to help them reach that goal."
Gene Long, formerly the global director of supply chain consulting for Ernst & Young, has been named president of the subsidiary. Long also served as director of Worldwide Logistics for Dell Computer Corp., where he managed Dell's global distribution activities in order to optimize performance of the company's supply chain.