Mitsui Chemicals Selects Manugistics NetWORKS(TM) as FoundationFor New Supply Chain Management System
TOKYO, Nov. 6 /PRNewswire/ -- Manugistics Group, Inc. (Nasdaq: MANU), a leading global provider of intelligent supply chain and eBusiness solutions for enterprises and evolving trading networks, today announced that Mitsui Chemicals, Inc., Japan's leading chemical company, has selected Manugistics NetWORKS(TM) solutions to help create an advanced corporate-wide supply chain management system.
Mitsui plans to implement the new system across all of its business areas, encompassing more than 20,000 items. The company seeks improved, more effective, operations at its distribution centers across Japan, more agile and proactive business operations, and improved cash flow.
Mitsui selected Manugistics' solutions after a two-month feasibility study. The selection was made easier with the help of a Manugistics Supply Chain Compass(TM) Impact Assessment, which gave Mitsui a look at benefits that could result from the implementation.
The company said that Manugistics was the only technology provider with sufficient experience and insight to offer solutions that could address issues confronting it now, as well as those it may face in the future.
"We are very pleased to have been selected by Mitsui Chemicals; this represents a significant milestone for Manugistics in Japan as we seek to accelerate the adoption of our proven supply chain and eBusiness solutions," said Rich Bergmann, Manugistics' executive vice president of global sales and services. "Mitsui recognizes that Manugistics has the industry expertise, technology, and commitment needed to help leading global companies succeed in the fiercely competitive chemical industry."
Manugistics' solutions will help Mitsui create an optimized inventory and distribution plan for finished goods which considers logistics and production constraints against changing demands. The chemical company produces a wide variety of products in continuous flow as well as batch operations, with the finished goods taking gas, liquid or powder form.
A pilot phase will involve Mitsui's polyethylene and ethyl carbamate departments. Once completed, the corporate-wide implementation will qualify as one of the largest supply chain projects in Japan.
About Manugistics NetWORKS
Manugistics NetWORKS solutions are designed to bring intelligent decision- making to enterprise and eBusiness trading networks. Powered by Manugistics WebWORKS(TM) XML-based architecture, the solutions provide application portability and intelligence to help transform the traditional supply chain into a trading community. The technology can allow businesses and their trading partners to share, view and execute decisions based on real-time information. This increased visibility of critical information for the entire trading network helps enable companies to make the right decisions for profitable growth.
About Mitsui Chemicals, Inc.
Mitsui Chemicals, Inc., one of the top chemical companies in Japan, was established as a result of a merger on equal terms between Mitsui Petrochemical Industries, Ltd. and Mitsui Toatsu Chemicals, Inc. on October 1, 1997. Mitsui Chemicals' products vary from basic chemicals, polymers and performance materials, and are applied in every aspect of our lives. Mitsui Chemicals aspires to become a diversified chemical company with a strong competitive position in the global market. As it pursues chemistry's boundless potential, Mitsui Chemicals is contributing broadly to society through innovations and the creation of materials and products, while keeping in harmony with the global environment.
About Manugistics Group, Inc.
Headquartered in Rockville, Md., Manugistics Group, Inc. is a leading global provider of intelligent supply chain and eBusiness solutions for enterprises and evolving trading networks. With more than 900 clients, Manugistics powers intelligent decisions to help enable profitable growth in leading companies such as 3Com, BP, Brown & Williamson, Coca-Cola Bottling, Cisco Systems, Commerx, Compaq, DuPont, FreightWise, General Electric, Harley- Davidson, Hormel, Nestle, Texas Instruments, Timberland and Unilever.
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, 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 Report on Form 10-Q for the quarter ended August 31, 2000.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," NetWORKS 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.; Mitsui Chemicals, Inc.
ST: Maryland, Japan
IN: CHM CPR MLM
SU:
11/06/2000 10:00 EST prnewswire.com |
