Manugistics Named Finalist for Prestigious Automotive News Pace Awards
DETROIT--Oct. 30, 2001--Breakthrough, Web-Based Order-to-Delivery Solution Recognized for Innovation and Excellence in Delivering Enhanced Customer Service and
Significant Cost Reductions
Manugistics Group, Inc. , the leading global provider of Enterprise Profit Optimization(TM) (EPO) solutions - the market's first solutions to simultaneously optimize a company's supply- and demand-side business processes - today announced that it has been named a finalist for the 2002 Automotive News PACE Awards. Established in 1994 by the leading automotive industry trade journal and Cap Gemini Ernst & Young, this annual awards program recognizes the achievements of automotive industry suppliers and manufacturers who have successfully pursued innovative strategies to enhance their long-term competitiveness and performance.
Manugistics' Web-based Order-to-Delivery solution, initially deployed at Mitsubishi Motor Sales of America (MMSA) in 1999, is honored in the first-ever category for Supply Chain Management. Following a careful review process, a total of 18 auto suppliers and manufacturers in five categories were selected for this year's awards. In addition, eight others earned honorable mentions.
"We are delighted that Manugistics has been named a finalist for this year's Automotive News PACE Awards in the inaugural Supply Chain Management (SCM) category," said Jim Kowalski, Manugistics group vice president, automotive, transportation and third party logistics providers. "The addition of this new awards category reflects the growing strategic importance of automotive industry supply chain solutions in an increasingly competitive market."
"Due credit must go to industry-innovator Mitsubishi Motor Sales of America for having the early vision to realize just how significantly technology such as this could impact their overall cost structure and their ability to more effectively serve customers," added Kowalski. "I applaud the entire Manugistics team for this outstanding effort and for their continued commitment to bring innovative solutions to market."
The Manugistics Order-to-Delivery solution is designed to enable an automaker to revamp its traditional push model of allocating product based on existing production, to a new business model in which manufacturing schedules are now based on dealer-forecasted consumer demand. Using the solution, MMSA has been able to reduce system-wide vehicle inventory by half, shrink the average age of vehicles on dealer lots to 38 days, and virtually eliminate the nine-figure costs associated with port storage of assembled vehicles. MMSA dealers can also more effectively match incoming orders with current customer thanks to the more enhanced visibility the solution provides into current production processes.
PACE stands for Premier Automotive Suppliers' Contributions to Excellence. Winners for this year's awards will be chosen by an independent panel of judges and will be announced on March 3rd.
Manugistics' automotive industry clients include, among others, innovators such as BMW AG, DaimlerChrysler Corporation, Dana Corporation, Deere & Co., Exide Technologies, Ford Motor Company, Harley-Davidson, Inc., Mitsubishi Motor Sales of America (MMSA), PPG Industries, Co., Subaru of America, Inc., and The Goodyear Tire & Rubber Company.
About Manugistics Group, Inc.
Manugistics pioneered the powerful new business discipline of Enterprise Profit Optimization, which helps enable a company's ability to drive profitable growth through the simultaneous optimization of its supply-side and demand-side business processes. Made possible through innovative combinations of Supply Chain Management, Pricing and Revenue Optimization, and Supplier Relationship Management solutions, Manugistics EPO solutions help enterprises and their trading partners 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 Motor Company, General Electric, Harley-Davidson, Hormel, Levi Strauss & Co., Marriott, Nestle, Texas Instruments, Timberland, Unilever, and United Airlines. For more information, please go to www.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 new business areas, international expansion, business combinations and strategic alliances, increased economic uncertainty following the tragedy of September 11, 2001, lengthening of sales cycles for software products and services, the effectiveness of the cost reduction efforts undertaken by Manugistics, and the timing and degree of any business recovery in light of the continuing economic downturn. 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 and Quarterly Report on Form 10-Q for the quarter ended August 31, 2001. Manugistics assumes no obligation to update the forward-looking information contained in this announcement.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization and Manugistics 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.