Industri-Matematik Acquires Store Replenishment Software Agreement Brings Proven Retail Replenishment Capabilities; Speeds Time-to-Market for New Solution that Dramatically Increases On-Shelf Product Availability
MT. LAUREL, N.J., Dec 6, 2000 (BUSINESS WIRE) -- Industri-Matematik
International Corp. (NASDAQ: IMIC) today announced it has acquired Itasca Inc.'s
retail store replenishment applications. With the addition of Itasca's
computer-assisted ordering capabilities, Industri-Matematik extends its
VIVALDI(TM) enterprise software suite to enable automated high-volume store
replenishment that allows retailers to increase product availability at the
shelf to drive increased sales and customer loyalty.
As part of the agreement, Itasca principals Mike Miller and Jeff Kennedy have
joined Industri-Matematik. The new software, called VIVALDI Store Replenishment,
allows retailers to automate the store ordering process which will improve
customer service and increase top-line sales by reducing out-of-stock product
levels on store shelves while minimizing inventory investment and operating
expenses.
The product will integrate Itasca replenishment capabilities with VIVALDI
software to leverage the combination of retail sales forecasts, point-of-sale
information and store inventory levels to generate replenishment orders that are
matched with product available from retail warehouses and third-party suppliers.
As orders are replenished, the software will notify individual stores with
delivery items and dates.
"This strategic acquisition dramatically speeds our time-to-market for
delivering a solution that enables retailers to better manage replenishment
processes to improve responsiveness and have products available whenever and
wherever the customer shops," said John Geraci, executive vice president and
chief operating officer at Industri-Matematik. "This new VIVALDI software will
help retailers move to higher velocity business models to address the growing
levels of customer choice and competition they face."
Industri-Matematik VIVALDI retail solutions enable grocery, specialty hard goods
and direct merchant retailers to implement new logistics practices to gain
competitive advantage. They target distribution-intensive supply chain
operations and complement merchandising and store operations applications. The
products 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 capabilities Internet-based retailers need to have fast, reliable
logistics and warehouse processes.
About Itasca
Itasca Retail Information Systems, Inc.'s software applications, which were
acquired by Industri-Matematik, provide in-store perpetual inventory and
computer-assisted ordering applications for the retail industry and a powerful,
standards-based retail data model, which considers the data requirements for
in-store merchandise and inventory applications.
About Industri-Matematik
Industri-Matematik International Corp. (www.im.se) provides high-performance
fulfillment and customer service software solutions for B2B and B2C e-commerce.
Its applications help companies achieve a Zero Inventory/100 Percent Visibility
business model by replacing inventory with information to improve collaboration
within a trading community and speed the movement of goods across a supply
chain. Customers include supermarket companies, such as Albert-Heijn
(Netherlands), Hakan (Norway) and Kesko (Finland) as well as other
market-leading companies like British Airways, Carlton & United Breweries,
Ericsson, FedEx Corp., Starbucks and Warner/Elektra/Atlantic. |
