Continental Airlines Cargo Signs Agreement with Manugistics
Monday March 13, 9:15 am ET
Major Airline's Cargo Division Installs World-Class Revenue Management Modules for Enhanced Revenues and Better Forecasting
ROCKVILLE, Md.--(BUSINESS WIRE)--March 13, 2006--Manugistics Group, Inc. (NASDAQ:MANU - News), a leading global provider of synchronized supply chain and revenue management solutions, today announced it has signed an agreement with Houston-based Continental Airlines Cargo. The company will install the latest application of the Manugistics Cargo Revenue Management Suite of Solutions, providing Continental with leading-edge demand forecasting and business planning capabilities for maximum return on investment.
"Since we began utilizing revenue management solutions as a means of improving profit margins, we have consistently been impressed by the high level of service, value and innovation Manugistics has provided Continental," said Continental Airlines Cargo Revenue Management Director Ed O'Meara. "Manugistics has continued to pioneer best-of-breed revenue management solutions and we feel confident that our relationship will continue to grow with this new technology extension."
Continental Airlines Cargo has been a Manugistics customer since 1996. Manugistics has bolstered Continental's bottom line by developing solutions that help maximize the airline's network profitability, obtain network cargo capacity and demand estimates, improve utilization, coordinate alternate routing options and quantify key costs. Manugistics' Cargo Revenue Optimizer (CRO) solution will facilitate the forecast capacity within Continental's network for thousands of shipments per day.
"This is an exciting time for Continental Airlines Cargo," said Continental Airlines Cargo Revenue Management and Distribution Manager Blair Prinz. "The Manugistics Cargo Revenue Management Suite of Solutions will provide us with the toolset to grow our business in an extremely competitive environment. Our customers will benefit from new routing alternatives available through their preferred e-commerce channel."
"Our latest agreement with Continental demonstrates Manugistics' strength in supplying such service-based industries as the airline industry with dynamic solutions that address their changing needs and directly contributes to bottom line costs and topline revenues," said Manugistics Senior Vice President Ed Daihl. "In a time when the airline industry faces extreme financial challenges, we have proven that Manugistics solutions and expertise contribute to a company's fiscal success. We look forward to helping Continental sustain its competitive edge."
Under the terms of the agreement, Manugistics will install its upgraded versions of the following solutions: Capacity Management, Sales and Allocation Planning, Flight Management and Real-time Booking Evaluation. This newest version enables enhanced demand forecasting capabilities as well as a range of medium-term business planning capabilities such as allocation planning and scenario analysis. Additionally, Continental purchased Manugistics best-of-breed solutions Demand, Monitor and Reporting. The full implementation is expected to be completed in approximately 17 months.
About Manugistics Revenue Management Group
Manugistics has pioneered industry leading pricing and revenue management solutions for travel providers. Today, leading companies in the Travel, Transportation and Hospitality industries leverage Manugistics' expertise to maximize their profits. Manugistics clients include Harrah's-Caesars Entertainment, Eurostar, Omni Hotels, Princess Cruise Lines, TUI (formerly Thomson Holidays), Continental Airlines Cargo, and other leading travel and hotel industry companies.
About Manugistics Group, Inc.
Manugistics powers the synchronized supply chain. Clients depend on Manugistics to position them one step ahead of demand. With Manugistics' unparalleled supply chain and revenue management solutions, clients achieve improved forecast and inventory accuracy and leverage industry leading pricing and yield management solutions to maximize profits while ensuring optimum supply for constantly changing demand. Its clients include industry leaders such as Boeing, Canadian Tire, Cingular, Circuit City, Coca-Cola Bottling, Coty International, DHL, Diageo, Dixons, DuPont, Eurostar Group Ltd., Georgia-Pacific, Great North Eastern Railway (GNER), Harley-Davidson, Harrah's Entertainment, H.J. Heinz, L.L. Bean, Limited Brands, Kraft Foods, Marriott, McCormick, Nestle, RadioShack, The Scotts Company, Sears, Roebuck & Co., Sinotrans, Unilever and Wickes Building Supplies. For more information, visit our website at www.manugistics.com. |
