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Technology Stocks : Gensym GNSM starting to move!

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To: Olsinvest who wrote (136)9/21/1999 6:45:00 AM
From: Olsinvest  Read Replies (1) of 141
 
FYI:

Gensym Introduces D-SCOR for Supply-Chain Planning and Management; Software Brings Supply-Chain Council's SCOR Model to Life
9/17/99 11:08:22 AM

CAMBRIDGE, Mass., Sep 17, 1999 (BUSINESS WIRE) -- Gensym Corporation
(Nasdaq:GNSM), a leading provider of intelligent operations management
software, today announced introduction of its D-SCOR product, which
extends the ability of large organizations to plan and manage their
supply-chain operations. D-SCOR dynamically models and simulates
supply-chains using the Supply-Chain Council's Supply-Chain Operations
Reference model (SCOR). Gensym is introducing D-SCOR at the European
Supply-Chain World Conference in Amsterdam, on September 20, 1999.

"Supply-chain planning and management is a critical concern for many
large organizations," said Mark Whitworth, vice president and general
manager of Gensym's Advanced Systems Business Unit. "Supply-chains are
being pushed beyond their performance limits by rising consumer
expectations for new products and services, faster delivery, and
personal attention. At the same time, supply-chains have become more
complex as organizations integrate more tightly with their vendors and
customers. And while globalization and e-commerce offer new business
opportunities, they also overwhelm decision-makers with a whole new set
of supply-chain alternatives. D-SCOR will help executives evaluate
those alternatives and select the most effective supply-chain
configurations, policies, and practices."

Herbert Heinzel, Management Consulting Partner at Siemens Business
Services and the Supply-Chain Council's European Chairman, stated, "I
have been an early supporter of Gensym's D-SCOR development. D-SCOR
adds another dimension to SCOR by enabling Supply-Chain Council members
to simulate their supply-chains, analyze their performance, and
evaluate alternative supply-chain strategies. D-SCOR could be used by
an entire set of companies for supply-chain-wide planning. We, at
Siemens, see tremendous value in D-SCOR."

Koei Ohgi, General Manager of the Supply-Chain Management Consulting
practice at Itochu Techno-Science Corporation (CTC), said, "We have
been working with early versions of D-SCOR and are very pleased with
its capabilities for enabling us to improve our customers' supply-chain
operations. As one of Japan's leading computer-services companies, we
have been previewing D-SCOR with our large corporate customers--
Japanese companies that have long been leaders in supply-chain
management. CTC has formed a D-SCOR task force to respond to the strong
interest that these customers are expressing."

Chris Holt, director of Ernst & Young's Accelerated Strategic Modeling
Environment for Supply-Chain, stated, "D-SCOR promises to be an
effective vehicle for Ernst & Young to deliver exceptional value to our
clients. In conjunction with Gensym's intelligent agents, the D-SCOR
framework provides interesting potential for generating original
solutions to frequent supply-chain problems. We at Ernst & Young expect
to assist our clients in analyzing their business problems by using
D-SCOR to visualize and improve their operations."

About D-SCOR
D-SCOR is Gensym's new product for dynamically modeling and
simulating supply-chains using SCOR. D-SCOR allows organizations to
quickly evaluate the performance of alternative supply-chain
configurations, policies, and practices based on actual operational
data. It supports critical supply-chain decisions such as make vs. buy,
centralized vs. distributed operations, facility location,
single-vendor vs. multi-vendor sourcing, and how to best respond to
changes in the market. D-SCOR offers these unique capabilities:

-- Rapid development of SCOR models through an easy-to-use graphical,
drag and drop, object-oriented interface.

-- Animated simulation showing supply-chain operation over time for
realistic representation of supply-chain behavior.

-- Automatic computation and tracking of SCOR performance metrics to
support comparative analysis and benchmarking.

-- Concurrent support for multiple models, allowing side-by-side
comparison of alternative supply-chain configurations, policies, and
practices under different real-world scenarios.

-- Extensibility, enabling development of custom functions and
interfaces to real data sources and integration with Gensym's family of
proven, real-time technologies for intelligent operations management.

Lowell Hawkinson, Gensym's chairman and chief executive officer, said,
"D-SCOR is another example of Gensym's continued investment in
application products that solve critical business problems. D-SCOR is a
natural extension of the success we have achieved with our existing G2
and ReThink products in helping organizations such as the U.S.
Department of Defense, Mobil, Cargill, EDS, IBM, and ISCOR to more
intelligently manage their supply-chain activities."

Availability and Support
Now in beta testing, D-SCOR is scheduled for release in Gensym's
partner channels during Q4 1999 and for general release during Q1 2000.
Gensym also provides customer support services, training, and
consulting.

About SCOR
Developed by the Supply-Chain Council (http://www.supply-chain.org),
SCOR is a high-level, cross-industry reference of supply-chain metrics,
best practices and supporting technologies. SCOR promotes strategic
planning, tactical planning, and benchmarking by communicating an
entire supply-chain in a standard manner. It spans the supply-chain
from the customer's customer to the supplier's supplier and embraces
all industries.

About Gensym
Founded in 1986, Gensym Corporation is a leading supplier of software
and services for intelligent operations management. Common applications
include modeling and simulation for improved process design and
optimization; intelligent monitoring and control for more efficient
process control and higher levels of safety; fault management and
diagnosis for greater levels of asset and service availability; and
intelligent scheduling for optimizing production in real time. Gensym
has sold more than 11,000 product licenses to organizations in
manufacturing, communications, aerospace, transportation, government
and other industries. Based in Cambridge, Massachusetts, Gensym has
worldwide coverage with offices in North America, Europe, the Middle
East and Asia-Pacific. Visit Gensym online at gensym.com.

Gensym, G2, and ReThink are registered trademarks of Gensym
Corporation. All other trademarks are owned by their respective
companies.

This document contains certain forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ materially from those
anticipated. Such risks and uncertainties include, but are not limited
to, fluctuations in customer demand, intensity of competition from
other solutions vendors, timing and acceptance of new products, and
general economic and industry conditions, as well as other risks
included on Form 10-Q for the quarter ended June 30, 1999, as filed
with the Securities and Exchange Commission and available on the Web at
gensym.com. Gensym Corp. assumes no obligation to update the
information contained in this press release.

Copyright (C) 1999 Business Wire. All rights reserved.Distributed via COMTEX.

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