Oxford Industries Expands Use of Manugistics Networks(TM) Solutions
Leading Apparel Maker Aims to Optimize Entire Supply Chain
From Global Suppliers to Retail Stores
ROCKVILLE, Md., March 6 /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 Oxford Industries, one of the world's leading apparel manufacturers and wholesalers, has selected additional Manugistics NetWORKS(TM) solutions to help optimize Oxford's entire supply chain -- from raw materials to finished products on the store shelf.
Oxford previously selected Manugistics apparel and textile solutions, which are designed to enable Oxford to significantly improve forecast accuracy, increase visibility into its manufacturing network, and improve responsiveness, helping the company to reduce inventories and improve customer service across all operating groups.
The additional Manugistics solutions will power automatic replenishment processes to improve the flow of Oxford's products, reduce inefficiencies, and improve in-stock positions on the store shelf. Utilizing proven optimization algorithms and model stock strategies, the solutions will help ensure that the consumers' choice is always available at the point of sale. In addition, exception-management capabilities will give Oxford early warning of potential supply chain problems and suggest possible resolutions to those problems.
"Manugistics has continued to demonstrate a firm commitment to helping us meet our corporate objectives," said John Baumgartner, CIO of Oxford. "That commitment -- combined with Manugistics' industry-leading reputation for solutions that enable advanced retail replenishment and allocation -- gave us the confidence to expand our use of their supply chain management solutions. Within this collaborative environment, we expect to be brought even closer to our key retail partners."
"Manugistics' experience with global leaders like Oxford Industries have enabled us to further develop solutions that can address unique business needs for companies in the apparel, footwear and textiles, and retail industries," said Greg Owens, Manugistics chairman and chief executive officer. "And we continue to innovate -- with new offerings such as our Enterprise Profit Optimization(TM) (EPO) solutions -- to enable companies to define the optimal balance between customer service and cost of service."
About Oxford Industries, Inc.
Oxford Industries, Inc. is a diversified international manufacturer and wholesale marketer of branded and private label apparel for men, women and children. With manufacturing and sourcing operations in over 40 countries around the globe, Oxford provides retailers and consumers with a wide variety of apparel products and services to suit their individual needs. Major licensed brands include Tommy Hilfiger(R), Nautica(R), DKNY(R) Kids, Geoffrey Beene(R), Slates(R), Oscar de la Renta(R), Izod Club(R) and Robert Stock(R). Oxford's private label customers are found in every major channel of distribution including national chains, specialty catalogs, mass merchandisers, department stores, specialty stores and Internet retailers. The company's stock has traded on the NYSE since 1964 under the symbol OXM.
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 www.manugistics.com.
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT THE MANUGISTICS NEWSBUREAU HOTLINE AT 301-984-5330.
This press release contains certain forward-looking statements with respect to anticipated future results, which are subject to risks and uncertainties that could cause actual results to differ materially from anticipated results. These risks and uncertainties include, but are not limited to, general economic and apparel business conditions, continued retailer and consumer acceptance of company products, and global manufacturing costs.
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.; Oxford Industries
ST: Maryland
IN: CPR MLM TEX
SU:
03/06/2001 10:00 EST prnewswire.com |
