Canadian retailer to implement solutions for balancing promotions, inventory and service levels while better managing distribution constraints
NRF 93rd Annual Convention
NEW YORK-- Jan. 12, 2004-- i2 Technologies, Inc. (OTC: ITWO) announced today that The Brick Warehouse Corporation (The Brick), Canada`s largest retailer of furniture, mattresses, appliances and home electronics, has selected i2 Supply Chain Management (SCM) solutions with a goal of balancing promotions, inventory, service levels and operating costs while better managing distribution constraints.
The Brick has selected i2 as a partner to provide solutions in the areas of Forecasting and Replenishment planning, Vendor Collaboration, and Promotional Optimization for its growing operations, currently counting five distribution centers and 75 retail locations across Canada.
"We selected the i2 software, and i2`s implementation expertise to help us be successful in reaching our goal of becoming the most operationally efficient company in our industry," said Ron Maher, vice president, logistics and inventory management for The Brick. "A comprehensive assessment of our supply chain helped us to identify several key areas to be addressed, including improved forecasting and supplier collaboration, our customer service levels, and the flow of product through our supply chain. We believe i2`s retail suite will offer the Brick the most complete and integrated solution, and can help us achieve our Advanced Planning and Supply Chain optimization requirements, maximizing payback in these areas."
i2 solutions are designed with best-of-breed statistical forecasting techniques, rules-based modeling and real-time data synchronization with multi-dimensional analysis to provide companies like The Brick with the demand management resources they need most. Additionally, the planning tools are designed to enable a cost-optimized, time-phased replenishment plan to meet service level goals while minimizing inventory investment at stores and distribution centers. Leveraging these solutions for promotions can allow for optimal promotional strategies for products, and maximize the effectiveness of promotional spend. Supply collaboration tools can enable The Brick to gain visibility into a supplier`s ability to meet demand and also contains pre-packaged workflows for customers to connect to their suppliers.
"i2 is committed to delivering world class retail solutions that address the end-to-end retail supply chain," said Brett Friedman, i2 senior vice president. "Retailers are looking for closed-loop solutions that provide optimization and real time exception driven feedback. i2`s retail suite addresses the key retail workflows, from merchandise planning to pricing optimization, replenishment planning to transportation and distribution optimization. These solutions are delivered on i2`s Supply Chain Operation Services platform which can help our clients reduce the risk and manage the complexities associated with integration and master data management."
A leading provider of end-to-end supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. i2 has more than 1,000 customers worldwide--many of which are 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, 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 cause actual results to differ materially from those projected in forward-looking statements, please refer to i2`s recent filings with the SEC, particularly the Annual Report on Form 10-K filed on July 21, 2003 and the Quarterly Report on Form 10-Q filed on November 14, 2003. i2 assumes no obligation to update the forward-looking information contained in this news release.
NRF Booth #404
Weber Shandwick for i2
Tracy Donalson, 972-830-2526
The Brick Warehouse Corporation
Richard Byers, 780-930-6174