Manugistics Seeing Increased Demand for Its Solutions to Power Trading Networks and eMarketplaces
ORLANDO, Fla., July 17 /PRNewswire/ -- Manugistics Group, Inc. (Nasdaq: MANU) is seeing increased demand for its intelligent supply chain solutions to power trading networks and eMarketplaces across key industries and services, the company announced today at its award-winning enVISION2000 conference.
Manugistics is set to power advanced collaborative solutions for Commerx industrial processing eMarketplaces, including Commerx PlasticsNet(TM) and Commerx Metals(TM). In addition, Manugistics solutions help power eConnections, an intelligent B2B hub dedicated to the electronics industry. And the company is on schedule to support FreightWise, a Manugistics-powered comprehensive electronic marketplace for buyers and sellers of transportation services and information.
"We are executing on our ambitious B2B eCommerce growth strategy to make 'Manugistics powered' the preferred option of, and a key differentiator for, forward-looking eBusiness trading networks and intelligent eMarketplaces," said Manugistics' president and CEO Greg Owens. "Existing eBusiness trading networks and eMarketplaces continue to evolve in the face of emerging competitive offerings. To help companies survive in this dynamic marketplace, Manugistics provides flexible, scalable solutions, backed up by industry expertise and a deep knowledge base."
Canadian Tire Corporation has completed its pilot phase and begun rollout of its Manugistics' powered-and-hosted collaborative network connecting Canada's leading mass-merchandiser to its key suppliers. Mitsubishi Motor Sales of America has linked all of its 526 North American car dealerships into a Manugistics-powered, Internet-based collaboration system. And Minnesota Corn Processors (MCP) is on track to operate a Manugistics-powered trading network linking MCP with key customers of its high-fructose sweeteners, corn syrup, cornstarch and ethanol.
"AMR Research believes that Manugistics has turned around and is ready to bear the fruit of the growth in the supply chain management and eBusiness markets," said Larry Lapide, vice president and service director, supply chain strategies at AMR Research. "There is a lot of business to go around; B2B Internet-based business is expected to hit $5.7 trillion by 2004, and Manugistics should be able to capitalize on it."
Trading networks and eMarketplaces powered by Manugistics leverage a unique technological eInfrastructure that can help enable one-to-many or many-to-many trading partners to share, view and execute mission-critical business decisions based on real-time information. Facilitating this eInfrastructure is Manugistics ExchangeWORKS(TM), a comprehensive eBusiness platform configurable to client needs.
"Configurability sets us apart -- we meet our clients' specific business needs rather than force companies to take a 'one size fits all' solution," said Owens. "That enables us to power everything from a single trading network linking one company with a few key suppliers, to a dynamic intelligent eMarketplace that facilitates mission critical business processes across an entire industry."
Also being powered by Manugistics is CPG3, a Web-based intelligent independent trading network initiative from multi-national service provider Advantage Sales and Marketing LLC. Utilizing Manugistics NetWORKS(TM) eBusiness solutions, CPG3 will offer hosted, outsourced customer service, vendor managed inventory (VMI), collaborative planning, forecasting and replenishment (CPFR), and transportation logistics capabilities to food and consumer product manufacturers and retailers.
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 helps power intelligent decisions for profitable growth in leading companies such as Amazon.com, Coca-Cola Bottling, Commerx, Compaq, DuPont, Mobil, FreightWise, General Electric, Harley-Davidson, Hormel, Nestle, Timberland and Unilever.
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT THE MANUGISTICS NEWSBUREAU HOTLINE AT 301-984-5330.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, 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 its Quarterly Report on Form 10-Q for the quarter ended May 31, 2000.
NOTE: Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," NetWORKS, ExchangeWORKS and WebWORKS 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 Manugistics Group, Inc.
CO: Manugistics Group, Inc.
ST: Florida, Maryland
IN: MLM
SU:
07/17/2000 08:56 EDT prnewswire.com |
