ROCKVILLE, Md. -- August 21, 2001 -- Manugistics Group, Inc. (NASDAQ: MANU), 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 The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, will be using the Manugistics collaborative logistics application to help optimize its inbound and outbound merchandise transportation process.
Designed to enable TJX and its preferred vendors and carriers to collaborate in an interactive, on-line environment, the solution can help compress transportation planning and execution processes. The Web and EDI-enabled application includes robust planning and execution capabilities such as purchase order management, centralized transportation planning and load consolidation, carrier selection, "what-if" scenario modeling, load tendering, freight payment, exception management, performance monitoring and analysis capabilities.
TJX selected Manugistics` solution after a highly competitive evaluation of best-of-breed technology providers.
"Manugistics collaborative logistics solution is well-designed for industry leaders like TJX, seeking to maximize operational efficiencies in the complex inbound and outbound transportation process," said Rich Bergmann, Manugistics president. "We are delighted to add TJX to our expansive base of apparel and retail clients, and will continue to innovate to meet the ever-changing needs of our clients."
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 661 T.J. Maxx stores, 556 Marshalls, 99 HomeGoods and 31 A.J. Wright stores in the United States. In Canada, the Company operates 123 Winners and 6 HomeSense stores, and in Europe, 83 T.K. Maxx stores. TJX`s press releases and financial information are also available on the Internet at www.tjx.com.
About Manugistics Group, Inc.
Manugistics pioneered the powerful new business discipline of Enterprise Profit Optimization, which refers to 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, Converge, 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.
Manugistics Group, Inc.
Ogilvy PR (For Manugistics)
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, and Quarterly Report on Form 10-Q for the quarter ended May 31, 2001.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization, Manugistics WebConnect 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.