Enhanced Visibility and Effectiveness of Supply Chain Operations from Corporate to Store Level
ROCKVILLE, Md. - June 11, 2003 - Manugistics Group, Inc. (NASDAQ: MANU), a leading global provider of supply chain and demand chain optimization solutions, today announced that Manugistics and EXE Technologies (NASDAQ: EXEE), a leading provider of supply chain execution solutions, are working together to provide grocery retailers with a comprehensive solution tailored to meet their complex inventory management needs – seamlessly integrating corporate inventories with store inventories.
The companies are offering Manugistics Global Logistics Management solutions together with EXE`s EXceed Warehouse Management System, providing a combined capability to manage end to end Sales driven replenishment. Utilizing these proven technology solutions, grocery retailers can create a backbone that links into the corporate replenishment warehouse management and transportation infrastructure – for true end-to-end optimization.
EXE and Manugistics are proving their joint value through extensive collaborative engagements with leading grocery retailers. The combined solution can help grocery retailers address their critical needs by combining advanced store-level forecasts with true Perpetual Inventories. This enables dynamic replenishment plans, generation of store orders, execution and fulfillment of orders in the warehouse, and tracking of replenishment plans to store level through the management of perpetual inventory.
"The combination of these solutions provides retailers with critical tools for optimizing inventory levels without losing sales, which is vital to profitable operations. The potential benefits to our customers are significant," says David Clarke, Vice President and General Manager of EXE Technologies’ Retail Group.
"This unique offering can help grocery retailers realize the long sought-after, but rarely realized, objective of intelligent computer assisted ordering," said Chris Verheuvel, Manugistics` vice president, retail solutions.
About EXE Technologies
EXE Technologies, Inc. (NASDAQ: EXEED) is a leading provider of supply chain execution software solutions that deliver the vital, frontline supply chain intelligence to drive customer execution decisions and processes. EXE`s products and services help customers worldwide reduce inventory and operational costs while increasing customer loyalty and satisfaction. The Company provides global service and support from offices located in North America, Europe, the Middle East, Asia, and Australia. For more information about EXE Technologies, Inc., call (214) 775-6000 or visit www.exe.com.
About Manugistics Group, Inc.
Manugistics is a leader in delivering innovative pricing and supply chain software solutions. Today, more than 1,200 clients trust Manugistics to help them reduce costs, increase revenues and enhance margins. The company provides comprehensive solutions for supply chain management, service and parts management, pricing and revenue optimization, and supplier relationship management. Its clients include industry leaders such as AT&T;, BMW, Boeing, Canadian Tire, Cisco Systems, Circuit City, Coca-Cola Bottling, Coles-Myer, Diageo, DuPont, Ford Motor Company, Harley-Davidson, Kohl`s, Nestle, Publix, RadioShack, Safeway, Smith & Nephew, Wegman`s, Winn Dixie and Unilever. For more information, go to http://www.manugistics.com.
Manugistics Group, Inc.
Ogilvy PR (For Manugistics)
FORWARD LOOKING STATEMENT
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, continuing economic and political uncertainty, the timing and degree of business recovery, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, unexpected competition, risks related to quarterly performance, risks of new business areas, international expansion, business combinations and strategic alliances, lengthening of sales cycles for software products and services, and the effectiveness of the cost reduction efforts undertaken by Manugistics and their impact on the company`s ability to operate its business. A decreased demand for enterprise application software due to weakened 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, 2003. 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.