Texas Instruments Implements Manugistics-Powered Collaborative Network
ROCKVILLE, Md., Feb. 27 /PRNewswire/ -- Manugistics Group, Inc. (Nasdaq: MANU), the leading global provider of Enterprise Profit Optimization(TM) (EPO) solutions -- the powerful combination of supply chain management and pricing and revenue optimization solutions -- for enterprises and marketplaces, today announced that Texas Instruments Inc.'s (TI) (NYSE: TXN) Educational & Productivity Solutions business has fully implemented Manugistics' global collaborative network solution.
The Web-based network is designed to help TI better predict and manage demand for the company's handheld educational technology products -- including its well-known family of graphing devices -- down to the stock-keeping-unit (SKU) level. Using Manugistics NetWORKS(TM), TI aims to reduce forecast error rate, and enable more effective, real-time global demand collaboration.
The company said that Manugistics best-of-breed solutions won readily in a highly competitive selection process, to provide this key component of the major supply chain reengineering initiative TI began in 1999. TI noted that it took less than six months to bring live the Manugistics-powered Web-based network linking its global sales force, regional steering teams, and business managers. TI also believes Manugistics solutions will provide the critical functionality needed to help it expand this collaborative environment to include TI's key suppliers and customers.
The Web-based network enables global sales people to funnel their forecasts through NetWORKS powerful algorithmic engines to produce an optimized forecast. Regional steering teams then compare those forecasts against historical data, and in real-time collaborate with business managers to reach a consensus forecast, which helps drive everything from inventory rationalization to sourcing.
"Our collaborative, Web-enabled solutions for the electronics and high technology industry, extensive domain experience, and history of proven results are especially attractive to companies such as TI that seek return on investment in a short period of time," said Terry Austin, Manugistics executive vice president of electronics and high technology. "And we continue to develop new innovative offerings -- such as our Enterprise Profit Optimization solutions -- to meet the needs of companies in this highly competitive industry."
About Texas Instruments Incorporated
The Educational & Productivity Solutions business of Texas Instruments helps students and teachers explore and learn about the worlds of math and science, and connect the classroom experience with real world applications. TI's line of learning technology and services is designed with educators to meet the changing needs of math and science education. Technology includes handheld and graphing tools, data collecting devices and computer software. Educator services extend the use and value of these learning tools, and help teachers create specialized solutions for their classroom needs. More information is available at education.ti.com .
Texas Instruments Incorporated is the world leader in digital signal processing and analog technologies, the semiconductor engines of the Internet age. The company's businesses also include materials and controls, and educational and productivity solutions. TI is headquartered in Dallas, Texas, and has manufacturing or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located o the World Wide Web at: ti.com and at telogy.com.
About Manugistics Group, Inc.
Manugistics is the leading global provider of Enterprise Profit Optimization (EPO) solutions -- the first solutions to simultaneously optimize a company's supply- and demand-side functions. Manugistics EPO and Marketplace solutions help companies lower operating costs, enhance profitability and accelerate growth. The company's list of clients includes industry leaders such as 3Com, Amazon.com, Boeing, BP, Brown & Williamson, Caterpillar, Cisco Systems, Coca-Cola Bottling, Compaq, DuPont, eConnections, Ford, General Electric, Harley-Davidson, Hormel, Levi Strauss & Co., Marriott, Nestle, Texas Instruments, Timberland, Unilever, and United Airlines. For more information, go to manugistics.com .
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, 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 November 30, 2000.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization 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.
SOURCE Manugistics Group, Inc.
CO: Manugistics Group, Inc.; Texas Instruments Incorporated
ST: Maryland, Texas
IN: CPR MLM
SU:
02/27/2001 10:00 EST prnewswire.com |
