MANU news from this morning:
Manugistics Adds RadioShack Corporation To Its List of Retail Solution Clients
ROCKVILLE, Md., Jun 26, 2001 /PRNewswire via COMTEX/ -- Manugistics Group, Inc. (Nasdaq: MANU chart, msgs), 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 that Fort Worth-based RadioShack Corporation (NYSE: RSH chart, msgs) will implement the Manugistics Retail Solution to help the electronics retailer increase inventory turns, decrease logistics expenses, and increase revenue.
Anchored by a robust combination of Manugistics NetWORKS(TM) offerings, the solution is designed to optimize forecasting, replenishment and transportation processes, and increase pipeline visibility, within RadioShack's multi-channel sales environment -- which includes corporate and franchised stores, Web site, special order desk, and catalog sales. Using proven optimization algorithms and model stock strategies, the solution can help ensure that RadioShack products are readily available for purchase at the company's more than 7,100 retail locations.
"The Manugistics Retail Solution couples proven optimization engines with deep industry expertise and a proven ability to enable strong return on investment, to help meet the unique needs of retailers," said Rich Bergmann, Manugistics president. "RadioShack is an important addition to Manugistics' large retail installed base, and is further proof that this industry is embracing our solutions to enhance profitability while increasing customer service."
Said Syd Rauworth, vice president merchandise support, RadioShack Corporation, "Manugistics emerged as the clear winner to help us improve our replenishment processes. They proved to have the best combination of retail industry expertise, customer successes within the retail sector, and proven ability to implement solutions that can enable strong, rapid return on investment. As importantly, we believe the Manugistics retail team has the commitment and dedication needed to help us succeed in this fiercely competitive industry."
"Manugistics was the obvious choice for a solution that could address the logistics side of our business," said Roger McGinnis, senior vice president of North American manufacturing and logistics operations, RadioShack Corporation. "We were most impressed with the large installed base of global companies using Manugistics solutions to better execute and optimize mission-critical transportation processes such as outbound planning and load consolidation."
Manugistics' solutions are leveraged by 3 of the top 4 Fortune 500 retailers. Leading retail clients include companies such as Canadian Tire, Lowes, Payless Cashways, Ross Stores, Starbucks, Target, Gap, Inc. and The Limited.
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 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 its Annual Report on Form 10-K for the year ended February 28, 2001.
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. |
