i2 Announces Availability of First Modules of i2 Downstream Oil
DALLAS--(BUSINESS WIRE)--Sept. 23, 2003--
i2 Demand Manager Downstream Oil successfully prototyped in Shell Oil Products U.S. East Coast/Gulf Coast Region
i2 Technologies, Inc. (OTC:ITWO), a leading provider of end-to-end supply chain management solutions, today announced that the first modules and components of i2 Downstream Oil are now available for purchase. Utilizing the i2 Supply Chain Operating Services (SCOS) architecture, the new modules are i2 Supply Chain Strategist Downstream Oil and i2 Demand Manager Downstream Oil.
i2 Supply Chain Strategist Downstream Oil is designed to enable companies in the oil and gas industry to plan their supply chain networks to meet required service levels at lower capital and operating costs. Through the use of modeling and simulation capabilities, energy and chemical companies can improve their strategic alignment with greater foresight as to how capital allocation and policy decisions will impact supply chain operations. i2 Demand Manager Downstream Oil can allow users to produce accurate forecasts of customer demand, which can then be used to synchronize manufacturing and distribution activities. This synchronization can lead to improved sales levels, reduced inventories, and lower distribution and fulfillment costs.
i2 also announced that i2 Demand Manager Downstream Oil has been successfully prototyped in the East Coast/Gulf Coast region of Shell Oil Products U.S. and is planned to be rolled out to users over the coming months. The solution is also being implemented in the Oceania region of Shell Oil Products East and the Rhine region of Shell Europe Oil Products. i2 Supply Chain Strategist Downstream Oil and i2 Demand Manager Downstream Oil are the first in a planned suite of industry-specific supply chain solutions that are being jointly developed and marketed by i2 and Shell Global Solutions International B.V. for the downstream oil industry.
"The oil industry has always been driven by the supply of crude oil. Given the current business climate, that simply has to change," said Carmine Falcone, vice president for Manufacturing & Supply at Shell Oil Products U.S. "The key to improving business operations within the downstream oil industry is to optimize the complex network of manufacturing, distribution and market-related activities that drive the downstream oil value chain. We believe that the work we are doing in terms of process redesign and the implementation of a supply chain solution will make this improvement a reality."
"As the industry continues to experience increased market volatility, leading energy and chemicals companies are revisiting their supply chain practices to find further opportunities to improve customer services, achieve operational efficiencies and capture bottom line savings," said Amir Kazmi, vice president and general manager for i2's Global Energy & Chemicals business unit. "The objective of the i2 Downstream Oil suite is to integrate and improve these business operations by optimizing the complex network of refining, distribution and trading activities that drive the downstream oil value chain."
The initial Downstream Oil modules provide the foundation for downstream oil companies to develop their demand driven supply chain transformation programs. Planned subsequent releases of i2 Downstream Oil would complete a fully integrated, decision support suite that spans the supply chain from end customer demand through crude oil acquisition and supply to refineries.
About Shell Global Solutions
Shell Global Solutions is a network of technology companies within the Royal Dutch/Shell Group. It provides technology and consultancy services primarily to the oil and energy industries. The staff of 3,000 combine operational experience, technology and consultancy skills to enhance the performance of their customer's businesses. Shell Global Solutions works with Shell and also with other oil businesses on a worldwide basis. Learn more about Shell Global Solutions at www.shellglobalsolutions.com.
About i2
A leading provider of end-to-end supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. i2 has more than 1,000 customers worldwide--many of which are market leaders--including seven of the Fortune global top 10. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com.
i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties including forward-looking statements regarding the development of future downstream oil solutions, i2's ability to roll the downstream oil solutions out to users, and the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could cause actual results to differ materially from those projected in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Annual Report on Form 10-K filed July 21, 2003 and the Quarterly Reports on Form 10-Q filed on August 12, 2003 and August 14, 2003. i2 assumes no obligation to update the forward-looking information contained in this news release.
CONTACT:
i2 Technologies, Inc.
Melania Domene, +49-89-462377-112
melania_Domene@i2.com
or
Sarah Sherman, +44 7801 183 853
Sarah_Sherman@i2.com
SOURCE: i2 Technologies, Inc.
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09/23/2003 10:32 EASTERN |
