Cooper Tire Selects i2 Technologies Rhythm(R) Solution; Agreement Includes Production Scheduling at Four Plants
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IRVING, Texas, Dec. 17 /PRNewswire/ -- i2 Technologies, Inc. (Nasdaq: ITWO - news), the leading developer of e-Business Process Optimization solutions, today announced that Cooper Tire (NYSE: CTB - news) signed an agreement to purchase i2's RHYTHM supply chain optimization software. The purchase includes software for scheduling production at four Cooper tire plants, including Texarkana, AR; Albany, GA; Tupelo, MS; and Findlay, OH.
''This significant new customer, combined with the other automotive suppliers using our software, shows that the automotive supplier base is embracing improved supply chain management systems,'' said Joe Bellini, Executive Vice President Automotive and Industrial Business Unit, i2 Technologies. Other automotive Tier 1 and Tier 2 suppliers using i2's RHYTHM product include Visteon Automotive Components, Cummins Engine, Yokohama Tire Corporation, The Timken Company, Donaldson Company, Inc. and Bridgestone Tire Australia Ltd.
''We have been aggressively evaluating all of our supply chain functions,'' said Bill Woeste, Director, Operations Planning and Logistics for Cooper Tire. ''This analysis led us to a partnership with i2 Technologies to implement an advanced planning and scheduling system. With its genetic algorithm technology, the system will increase our inventory effectiveness and improve customer service. RHYTHM will also help us increase manufacturing flexibility and overall productivity by balancing production across all of our manufacturing operations.''
In choosing RHYTHM, Cooper Tire took advantage of i2's Supply Chain Opportunity Assessment (SOA) program to assess its supply chain needs and identify the opportunities with the largest and most immediate return on investment. ''The SOA played a critical role in our internal cost justification process,'' said Woeste.
About Cooper Tire:
Cooper Tire & Rubber Company, founded in 1914, specializes in the manufacturing and marketing of rubber products for consumers. Products include automobile, truck and motorcycle tires; inner tubes; vibration control systems; automotive sealing; hose and hose assemblies. The tire division markets its products nationally and internationally to independent tire dealers, wholesale distributors, mass merchandisers and large retail chains. Facilities include six manufacturing locations and 14 distribution centers worldwide. For more information on Cooper Tire & Rubber Company, visit the company's web site at coopertire.com.
About i2 Technologies:
Founded in 1988, i2 Technologies' vision is to save its customers $50 billion by the year 2005. i2's RHYTHM® solution provides supply chain optimization and decision support solutions for a variety of industries including automotive, apparel, consumer goods, electronics, industrial products, metals, paper, pharmaceutical, semiconductor, and textile industries. At its recent PLANET(SM) 98 conference in Dallas, attended by more than 3,400 people, the company unveiled its comprehensive strategy for providing solutions across the total business enterprise. Called e-Business Process Optimization (e-BPO), i2's widely used RHYTHM product suite is being expanded in response to the requirements of ''high-velocity'' businesses that want to accelerate their business cycles, from customer to supplier. i2 is headquartered in Irving, TX, has approximately 2,100 employees, and maintains offices worldwide. For additional information, visit i2 on the web at i2.com.
Contact:
Angela Schwecke Brent Anderson
Public Relations Investor Relations
i2 Technologies, Inc. i2 Technologies, Inc.
214-860-6076 214-860-6012
angela_schwecke@i2.com brent_anderson@i2.com
RHYTHM and i2 are registered trademarks of i2 Technologies, Inc. Copyright 1998, i2 Technologies, Inc.
SOURCE: i2 Technologies, Inc. |
