Commerx To Utilize Manugistics' Advanced Supply Chain Collaboration Solutions for Industrial Markets
CHICAGO and ROCKVILLE, Md., June 19 /PRNewswire/ -- Further building on its end-to-end eMarketplace supply chain solutions, Commerx, Inc., developers of Commerx PlasticsNet and Commerx Metals, today announced plans to offer collaborative supply chain solutions, powered by Manugistics Group, Inc. (Nasdaq: MANU), to its eMarketplace users.
Manugistics NetWORKS(TM) Web-based solutions will provide Commerx with a technological infrastructure designed to enable users to share and view real- time information, and execute intelligent mission-critical decisions, for improved collaboration among participating industrial companies. Commerx expects hosted collaboration among suppliers, buyers and their customers to reduce inventory carrying costs, improve cash flow through more efficient use of working capital, and enhance customer service.
Traditionally, buyer demand and supplier production forecasts were generally created without input from one another. This process can result in large inventory levels and frequent stock-outs throughout the supply chain. The Manugistics-powered solution is a key part of Commerx's goal to allow eMarketplace participants and their trading partners to collaborate on a common, secure business platform. Customized user profiles and business rules will allow the user to better control and maintain unique channel relationships with each trading partner.
"With Manugistics, we can give our users even more tools to eliminate waste and increase efficiency in their supply chains," said Tim Stojka, chairman and CEO of Commerx. "Manugistics was our number one choice - it is a recognized leader in intelligent supply chain solutions and has a proven ability to work with alliance partners."
Greg Owens, Manugistics president and CEO, said, "Commerx's eMarketplace supply chain solutions and Manugistics' intelligent engines will help participating companies better plan and execute critical business decisions. With Commerx, we anticipate greater opportunities to execute on our ambitious B2B eCommerce strategy."
"Manugistics' domain and eBusiness experience, along with its best-of- breed technology, make it perfect to address mission-critical business processes that can impact our users' top-line growth," said Chris Lange, Commerx vice president, operations/supply chain. "Our users will soon have access to very powerful tools to enable true online, industrial market collaboration. We expect that when fully utilized, the savings for our users - in time and money - should be significant."
Commerx and Manugistics also plan to create additional collaborative, intelligent eMarketplace supply chain solutions for the processes and systems of buyers and sellers.
About Commerx, Inc.
Founded in 1995, Commerx is a leading provider of collaborative eMarketplace supply chain solutions that enable buyers and sellers in industrial processing markets to transact business on the Internet. Commerx develops, implements, integrates and hosts a suite of scaleable software applications that enable its eMarketplace participants to procure direct and indirect materials and MRO supplies critical to their operations. In addition, Commerx offers participants the ability to utilize hosted supply chain, logistics and inventory management applications that streamline inefficient elements of their operations. Commerx can also integrate these applications into the business processes of its users such that they become fundamental to supply chain management.
About Manugistics, Inc.
Headquartered in Rockville, Md., Manugistics Group, Inc. is a leading global provider of intelligent supply chain solutions for enterprises and evolving eBusiness trading networks. With more than 900 clients, Manugistics powers intelligent decisions for profitable growth in leading companies such as Amazon.com , Coca-Cola Bottling, Compaq, DuPont, eConnections, General Electric, Harley-Davidson, Hormel, Mobil, Nestle, Timberland, Unilever, and Wal-Mart.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, Manugistics limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, competition, risks related to quarterly performance, risks of system interruption, anticipated client benefits, delivery of software functionality, management of potential growth, and risks of new business areas, international expansion, business combinations, and strategic alliances. More information about factors that potentially could affect Manugistics financial results is included in Manugistics filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended February 29, 2000 and Quarterly Reports on Form 10-Q for the quarters ended May 31, 1999, August 31, 1999, and November 31, 1999.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence" and NetWORKS are trademarks, of Manugistics, Inc. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. Additional information about Manugistics can be found at the company's site on the World Wide Web, at manugistics.com .
SOURCE Commerx
CO: Commerx; Manugistics Group, Inc.
ST: Illinois, Maryland
IN: CPR MLM
SU: JVN PDT
06/19/2000 08:01 EDT prnewswire.com |
