K-Swiss Laces Up With Manugistics to Accelerate Supply Chain
ORLANDO, Fla., July 18 /PRNewswire/ -- Manugistics Group, Inc. (Nasdaq: MANU), a leading global provider of intelligent supply chain solutions for enterprises and evolving eBusiness trading networks, today announced, at the company's enVISION2000 conference, that athletic footwear and branded apparel leader K-Swiss, Inc. (Nasdaq: KSWS) has selected Manugistics to help the company slash cycle times and improve asset utilization.
Manugistics' solutions are designed to help K-Swiss lower inventories, eliminate bottlenecks, reduce obsolescence, and use materials and resources more efficiently -- which may reduce operating costs -- as well as improve customer service.
"K-Swiss joins a growing roster of leading apparel, footwear and textiles (AFT) clients turning to Manugistics for competitive advantage," said Greg Owens, Manugistics' president and CEO. "Manugistics' intelligent eBusiness solutions are designed to manage the complex challenges of the AFT industry, helping companies increase velocity, improve visibility and potentially decrease costs."
Manugistics NetWORKS(TM) will simultaneously balance materials, capacity, inventory, transportation and distribution constraints across K-Swiss' global supplier network of independent contractors to produce a more effective manufacturing plan. Additionally, NetWORKS will enable K-Swiss to more accurately predict customer demand by using life-cycle management, market events and retail point-of-sale data.
"After a very rigorous selection process involving best-of-breed supply chain providers, we concluded that Manugistics was the best choice," said Steven Nichols, CEO of K-Swiss, Inc. "Manugistics demonstrated an unequaled commitment to helping us meet our strategic objectives."
Edward Flora, vice president of operations at K-Swiss, continued, "Manugistics will help enable us to execute proactive planning solutions and exception management rather than searching for and reacting to problems. Their constraint-based optimization engines are key to realizing our global competitiveness. Additionally, we will become better partners with our contracted factories, and provide more timely and reliable information to our third-party suppliers."
About K-Swiss, Inc.
K-Swiss, Inc. designs, develops and markets athletic footwear for high-performance sports use and fitness activities. The company presently offers footwear for court, casual and children's categories.
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, Commerx, Compaq, DuPont, FreightWise, General Electric, Harley-Davidson, Hormel, Mobil, Nestle, Timberland and Unilever.
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT THE MANUGISTICS NEWBUREAU 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.
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 Manugistics Group, Inc.
CO: Manugistics Group, Inc.; K-Swiss, Inc.
ST: Florida, Maryland
IN: MLM REA TEX
SU:
07/18/2000 09:11 EDT prnewswire.com |
