Manugistics, Inc. (ticker: MANU, exchange: NASDAQ) News Release - 4/25/2001
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Hershey Foods and Manugistics Announce Latest Success in Stock Rebalancing
ROCKVILLE, Md. and HERSHEY, Pa., April 25 /PRNewswire/ -- Manugistics Group, Inc. (Nasdaq: MANU), the leading global provider of Enterprise Profit Optimization(TM) (EPO) solutions, and Hershey Foods Corporation (NYSE: HSY), the nation's leading domestic producer of chocolate and non-chocolate confectionery products, today announced that Hershey Foods is experiencing substantial benefits using Manugistics NetWORKS(TM) solutions to dynamically rebalance stock across the company's multi-facility East Coast distribution complex.
Implemented by Manugistics global consulting services and the Hershey Foods material control team, the solution enables improved "circular sourcing" relationships. Stock imbalances within the distribution complex resulting from a surplus in one building and a shortage in another can now be automatically detected and resolved. The aim is to reduce Hershey Foods' need for outside storage, and to cut losses due to products that exceed their expiration dates.
"We have worked successfully with Manugistics in the past to improve our supply chain planning and execution," said Bo Smith, Director of Material Control, Hershey Foods. "When unforeseeable stock imbalances started to creep into our multi-facility distribution complex, we turned to the Manugistics global consulting services team, which worked with us to install the right solution."
Added Smith, "We are already realizing rapid return on investment. The Manugistics solution allows us to postpone production through re-balancing and should deliver a significant reduction in our distressed products expenses in the first year. The solution should also reduce our requirements for outside, or surge storage. We expect to realize a return on our investment in a matter of weeks."
Over the last four years, Manugistics supply chain solutions have helped Hershey Foods optimize inventory and replenishment planning across its complex three-tier distribution network. Supported by sixteen manufacturing facilities, the company's East Coast multi-facility distribution complex serves as a "mixing bowl" for products prior to deployment to warehouse locations across North America.
"For more than 20 years, Manugistics has been successfully implementing industry-specific solutions to meet our client's needs in an ever changing marketplace," said Phil Matthews, Manugistics group vice president of global consulting services. "Our experience working with innovative clients like Hershey Foods, has helped produce several powerful inventory management solutions that can benefit our entire client base. Such successful long-term business relationships are invaluable, and we remain committed to helping Hershey Foods meet their long- and short-term business needs."
About Hershey Foods Corporation
Hershey Foods Corporation is the leading North American manufacturer of quality chocolate and non-chocolate confectionery and chocolate-related grocery products, and has a variety of international operations. Among Hershey's most popular products are: Reese's peanut butter cups, Kit Kat wafer bars, Hershey's milk chocolate and milk chocolate with almond bars, Hershey's Kisses chocolates, and Jolly Rancher candy, among others.
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 eMarketplace 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. A decreased demand for computer software due to weakening economic conditions, particularly in the United States economy, could result in decreased revenues or lower revenue growth rates. More information about factors that potentially could affect Manugistics financial results is included in Manugistics filings with the Securities and Exchange Commission, including most recently the Registration Statement on Form S-3 (Registration Statement No. 333-53918.
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.
CONTACT: Joel Weinshank of Manugistics Group, Inc., 301-984-5330, or jweinsha@manu.com, or Eamon Bobowski of Ogilvy PR, 202-736-1652, or eamon.bobowski@ogilvypr.com, for Manugistics Group, Inc./ |
