Manugistics Continues Global Growth Stategy; Launches Singapore as Company's Southeast Asia Regional Hub
Inaugural enVISION2001 Singapore Conference Highlights
Introduction of Enterprise Profit Optimization (EPO) to Region
ROCKVILLE, Md., May 3 /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 eMarketplaces, today announced its official launch of Manugistics Singapore and the introduction of EPO solutions to Southeast Asia.
Manugistics unveiled the new business discipline of EPO to regional business leaders today at its inaugural enVISION2001 Singapore conference at The Ritz-Carlton, Millenia Singapore.
EPO solutions help enable a company to enhance profitable growth through the simultaneous optimization of its supply-side and demand-side functions. This is possible through the combination of the proven cost-reduction power of supply chain management solutions and the breakthrough revenue-generating capacity of pricing and revenue optimization solutions.
An AMR Research Alert on Supply Chain Management released January 16, 2001 estimates that up to US$95 billion in annual incremental operating margin could be generated by tools such as EPO in the U.S. manufacturing economy alone. AMR calls Enterprise Profit Optimization, "a big step toward the vital new perspective that costs and revenue can be optimized."
"Forecasting tools notwithstanding," the alert continues, "little has been done to actually marry the functionality of price, promotion, and yield management to capacity planning in manufacturing. The issue is profit creation, and EPO aims to reconcile these two schools of thought with packaged software. The reward is worth pursuing."
Additional highlights from enVISION2001 Singapore included:
* Demonstrations of Manugistics innovative solutions, plus demonstrations
from other enVISION2001 Singapore participating companies;
* Presentations by the Singapore Economic Development Board, Cisco
Systems, PSA Corporation, APL -- a subsidiary of Singapore-based
shipping leader Neptune Orient Lines, GlobalNetXchange (GNX), and other
business thought leaders; and
* Discussions on the future of private and public eMarketplaces.
Manugistics believes that its Singapore operations will add to its overall growth as a global provider of supply chain management and pricing and revenue optimization solutions. Balanced sales across key industry verticals and geographic regions helped the company more than double its license fees in the fiscal year ended February 28, 2001.
"Our differentiated EPO solutions, solid execution at all levels of our business and increasing sales strength from our global operations are the key factors driving our market momentum. We believe that Singapore is an excellent hub from which Manugistics can build its presence across the Asia Pacific region. And as our client base in the region continues to grow, Manugistics Singapore has the resources and the commitment to address our clients' mission-critical business needs," said Jan-Martin Witbreuk, managing director of Manugistics Southeast Asia.
Added Rich Bergmann, Manugistics president, "Manugistics continues to execute to an aggressive global growth strategy -- positioning our resources where our existing and prospective client bases do business. Singapore is home to many of Asia Pacific's most innovative companies, and is a strong regional launching point for Manugistics' new, breakthrough solutions. We expect rapid market adoption of our solutions across the region by companies seeking new ways to enhance profitability and maintain competitive advantage."
For more information on Manugistics and enVISION2001 Singapore, go to the Manugistics Web site at manugistics.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 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.
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SOURCE Manugistics Group, Inc.
CO: Manugistics Group, Inc.
ST: Maryland, Singapore
IN: CPR MLM
SU: PDT
05/03/2001 11:33 EDT prnewswire.com |
