Kia Motors America Selects i2 Service Parts Management; Automaker Joins Other Industry Leaders Already Successfully Using i2 Solution
DALLAS & IRVINE, Calif.--Sept. 16, 2004--Kia Motors America, the U.S. sales, marketing and service division of Kia Motors Corporation, and i2 Technologies, Inc. (OTC:ITWO), a leading provider of closed-loop supply chain management solutions, today announced that the automaker has selected i2 Service Parts Management (SPM) to enhance its aftermarket parts management with a goal of enhancing customer service and reducing dealer inventory costs. By selecting i2, Kia joins a group of top companies in the automotive and airline industries already using i2 SPM to improve customer service, optimize aftermarket service networks and reduce dealer inventory costs.i2 SPM is designed to enable enterprises to maximize the utilization of parts, people, budgets, and facilities so that they can attain key performance objectives, such as high customer service, low operating costs, and improved profitability.
"By establishing an IT infrastructure that allows flexibility and growth, Kia aims to not only react much faster but be able to proactively anticipate problems before they occur," said Kent Barr, director of information technology, Kia.
"In the current business environment, industry leaders are leveraging best practices in service and aftermarket parts management to achieve higher margins, enhance customer service levels and increase customer loyalty," said i2 CEO Sanjiv Sidhu. "Kia has smartly turned to technology to increase the efficiency of its organization. We are proud to be able to work together with them on this initiative."
"We feel that the Kia Service Parts Initiative will continue our focus on enhancing our customer experience and satisfaction," said Kia Motors America president and CEO Peter M. Butterfield.
i2 SPM was a finalist for the prestigious 2004 Automotive News PACE Award in the Information Technology and Services category. PACE stands for Premier Automotive Suppliers' Contributions to Excellence. The PACE awards program honors innovation by automotive suppliers in four categories: Product, Product-Europe, Manufacturing Process and Capital Equipment, and Information Technology and Services. In addition, Southwest Airlines received a 2004 Computerworld Honors 21st Century Achievement Award for its comprehensive materials management strategy to improve supply chain operations, powered by i2 SPM.
i2 is a leading provider of closed-loop supply chain management solutions to the automotive industry. Five of the top six global automotive companies and 11 of the top 12 industrial OEMs are i2 customers.
About Kia
Kia Motors America, the U.S. sales, marketing and service arm of Kia Motors Corp. in Seoul, South Korea, offers a full lineup of vehicles, including: Rio subcompact sedan and Rio Cinco wagon; 4-door and 5-door Spectra compact sedans; Optima midsize sedan; Sorento midsize SUV; Sedona minivan; and Amanti large premium sedan. For more information and vehicle photography please visit www.kiamedia.com.
About i2
A leading provider of closed-loop supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. i2's global customer base consists of some of the world's 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 customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, or 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 impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Quarterly Report on Form 10-Q filed on Aug. 9, 2004 and the Annual Report on Form 10-K/A filed on March 17, 2004. i2 assumes no obligation to update the forward-looking information contained in this news release.