Industri-Matematik Launches Retail Industry Initiative
MARLTON, N.J.--(BUSINESS WIRE)--Jan. 25, 2000--
Program Targets Grocery, Hard Goods, Direct Merchant and E-Retail Segments; Solutions Enable Fast Consumer Response in High Velocity Supply Chain Environments
Industri-Matematik International Corp. (NASDAQ:IMIC) today announced a major retail industry initiative to deliver logistics and customer service excellence in supply chain operations. Through this initiative, Industri-Matematik will enable retailers to implement supply chain practices that support new e-commerce channels and store formats, as well as to increase responsiveness and collaboration with suppliers to meet fast-changing customer demands.
Also today, Industri-Matematik announced with IBM a new e-Replenishment solution that allows retailers to maximize product availability on store shelves through the use of scan-based consumer demand information to drive store replenishment (see separate press release).
Industri-Matematik's VIVALDI(TM) retail solutions enable grocery, specialty - hard goods and direct merchant retailers to implement new logistics practices to gain competitive advantage. They support multi-channel strategies, helping "bricks and mortar" retailers achieve world-class fulfillment and customer service in both traditional and e-business operations. Industri-Matematik applications also deliver the back-end distribution "muscle" Internet-based retailers need to have fast, reliable logistics and warehouse processes.
"Retailers face the daunting challenge of being responsive to today's consumers - immediately meeting price and availability requirements in a high-volume, high-velocity environment," said John Geraci, Industri-Matematik's senior vice president, worldwide sales and marketing. "Our VIVALDI suite of retail applications supports the continuous flow of products to provide high availability to meet changing consumer needs while helping retailers adapt to the fulfillment demands of new Internet sales channels and store formats with one strategic solution."
Included among Industri-Matematik's global retail customers are: Albert Heijn, the largest grocery retailer in the Netherlands and a division of Royal Ahold NV; Canadian Tire, Canada's largest hard goods retailer; Hakon, Norway's second largest grocery retailer and Kesko, Finland's leading grocery retailer.
Industri-Matematik's VIVALDI retail software targets distribution-intensive supply chain operations and complements merchandising and store operations applications. Based on a Zero Inventory/100 Percent Visibility business model, VIVALDI applications enable retailers to replace inventory with information to speed the movement of goods through the supply chain.
By moving toward zero inventory levels, retailers can achieve efficient execution and fulfillment of warehouse and store-level replenishment. Increasing supply chain visibility allows retailers to achieve in-transit visibility and effective movement of physical inventory to provide quicker response to customer preferences.
In addition to e-Replenishment software, Industri-Matematik retail applications include:
-- VIVALDI Advanced Order Management which captures and processes orders in high-volume environments and manages pricing, promotions and customer preferences. The software provides a single fulfillment solution for retailers that meets the needs of all channels, such as store replenishment, direct store ordering and direct ordering from consumers; -- VIVALDI Fulfillment Center that enables flexible, highly configurable warehouse operations, supporting multiple distribution centers and value-added services, and providing flow-through and cross-docking capabilities; -- VIVALDI Replenishment Manager which manages back-end replenishment of warehouses, providing a central control center for effective collaboration between a retailer and its suppliers; and
-- VIVALDI CRM that provides customer relationship management (CRM) capabilities to support the entire lifecycle of customer interactions for one-to-one marketing and customer retention programs.
About Industri-Matematik
Industri-Matematik International Corp. (www.im.se) provides high-performance fulfillment and customer service software solutions for e-commerce. Its VIVALDI software suite enables companies to move to a Zero Inventory/100 Percent Visibility business model by replacing inventory with information to speed the movement of goods through the supply chain. The Company has implemented applications worldwide at market-leading organizations such as British Airways, Campbell Soup, Canadian Tire, Canon, Carlton & United Breweries, Ericsson, Hartz Mountain, Kellogg, Starbucks and Warner/Elektra/Atlantic. For more information, please visit www.im.se
The statements contained in this release that are not historical facts may contain forward-looking information with respect to plans, projections or future performance of Industri-Matematik International Corp., the occurrence of which involve certain risks and uncertainties, including, but not limited to product demand and market acceptance risks, the impact of competitive products and pricing, product development, commercialization and technological difficulties and other uncertainties detailed in Industri-Matematik's filings with the Securities and Exchange Commission, particularly its Annual Report on Form 10-K filed in July 1999.
VIVALDI is a trademark of Industri-Matematik International Corp.
CONTACT:
Industri-Matematik
Tim Walsh, (856) 793-4438
tiwa@im.se
or
Industri-Matematik Public Relations
Porter Novelli Convergence Group
Albie Jarvis or Dan Mees, (617) 450-4300
dan.mees@pnicg.com
or
Industri-Matematik Investor Relations
Lippert/Heilshorn & Associates
John Heilshorn, (212) 838-3777
john@lhai.com |
