MT. LAUREL, N.J.--Feb. 4, 2002--IMI Americas today unveiled IMI`s retail value chain initiative that enables distribution-intensive companies to optimize their order and replenishment business processes. Through the initiative, IMI Americas will provide high-performance supply chain solutions tailored to the needs of the retail value chain, which extends from the distribution arms of consumer goods manufacturers to logistics and business service providers to wholesalers and retailers.
IMI Americas solutions address distribution-intensive processes that include complex order and replenishment requirements, high order volumes and multi-divisional - and often multi-national - operations. Additionally, the software helps companies manage their supply chains across computing environments that incorporate business systems from multiple vendors.
"We believe the best way to address supply chain performance is to focus on the actual demand - the order," said Stephen D`Angelo, president, IMI Americas. "IMI is the Order Company, and our supply chain solutions help organizations across the retail value chain to better manage the customer order life cycle and replenishment orders for distribution centers and retail stores. Our solutions enable companies to keep and grow existing customers profitably as well as attract new customers by managing from the order line to the bottom line."
According to D`Angelo, "Today, many companies are hampered by the friction in their supply chain processes, evidenced by slow order handling, low inventory turnover rates, invoice errors, late deliveries and stock-outs on store shelves, as well as by the lack of visibility and real-time collaboration among supply chain partners.
"IMI`s industry solutions turn this friction into flow. First, they help manufacturers, distributors and retailers solve the problem of multi-channel integration through seamless execution of the customer order and by providing capabilities that can scale for any number of business units and order volumes. Second, our solutions provide companies with end-to-end replenishment capabilities that focus on eliminating stock-outs all the way to the store shelf, enhancing customer retention and loyalty, and significantly improving profitability," said D`Angelo.
IMI`s supply chain software allows companies to present a single face to the customer by separating the customer experience from the complexity of multiple internal business systems. Its collaborative order management capabilities can be added to existing back-office business solutions - like SAP, Oracle, i2 and others - to provide easy access to more information and services, and make it simpler for customers and partners to interact with the entire enterprise. IMI`s cutting-edge store replenishment software leverages promotion data, actual demand and current inventory levels to create the best store replenishment order.
"The IMI retail value chain initiative leverages our company`s expertise built over 30 years in developing and delivering high-performance order and replenishment solutions for industry giants worldwide. It also builds on the significant momentum IMI Americas has generated recently in the United States," said D`Angelo.
With the addition of D`Angelo and a number of other seasoned supply chain market executives over the last few months, IMI has bolstered its Americas senior management team and sharpened its sales and marketing focus on retailers and consumer goods manufacturers, as demonstrated by the fast results achieved by customers such as Price Chopper.
About IMI Americas
IMI - The Order Company - is a provider of high-performance supply chain solutions for the retail value chain and helps companies turn supply chain friction into smooth order flows. Its software enables companies to manage order and replenishment business processes based on actual customer demand to enable best-in-class, pull-driven supply chain practices. IMI`s software includes collaborative order management, fulfillment, customer relationship management (CRM), distribution center and store replenishment, supply chain analytics, visibility and event management capabilities. Its customers cover the entire retail value chain from manufacturers to logistics and business service providers to wholesalers and retailers. They include some of the world`s leading brands such as AT&T;, Campbell Soup, Canadian Tire, Dannon, Dial, Foster`s, FedEx, Hartz Mountain, Kellogg`s, Price Chopper, JM Smuckers, Sherwin Williams, Starbucks and Warner/Elektra/Atlantic. IMI Americas is the North American business unit of Industri-Matematik International Corp. (IMI) - NASDAQ:IMIC.
The statements contained in this release that are not historical facts may contain forward-looking information with respect to the plans, projections, or future performance of IMI and further versions of its software products, the achievements of which involve certain risks and uncertainties including, but not limited to, the success of its retail value chain initiative, product demand and market acceptance risks, the effect of economic conditions particularly in its target markets, the impact of competitive products and pricing, product development, commercialization, and technological difficulties and other uncertainties detailed in IMI`s filings with the Securities and Exchange Commission, particularly its Annual Report on Form 10-K filed in July 2001.
Albie Jarvis or Kristi Avram
Porter Novelli Convergence Group