Home World Hypermarket Co. Licenses JDA Software’s New Portfolio Replenishment Optimization Application
JDA’s PortfolioEnabled Solution to Help Growing Chinese Retailer Achieve ROI and Increase Competitiveness
Scottsdale, Ariz. – December 20, 2005 – JDA® Software Group, Inc. announced that Home World Hypermarket Co., Ltd. licensed Portfolio Replenishment Optimization by E3® (PRO), one of JDA’s new next-generation PortfolioEnabled® applications, in third quarter 2005. An existing JDA customer, Tianjin, China-based Home World selected this JDA Portfolio® demand chain solution to free up working capital and implement inventory replenishment best practices.
Erick Haskell, chief financial officer for Home World, says that the hypermarket retailer’s selection of PRO was an important financial decision. “We need to get excess inventory out of the stores to recover working capital that will support our growth plans of 35 percent a year,” said Haskell, who is one of several talented Western retail executives that Home World hired to help the company transform operations and prepare for an upcoming IPO on the Hong Kong stock exchange.
“I’ve experienced first hand the high ROI that JDA’s solutions have delivered to other retailers. Combined with our existing investment in other JDA Portfolio applications, it was a natural fit for us to choose JDA’s advanced solution and bring proven replenishment disciplines to our organization,” remarked Haskell.
“Given Home World’s longstanding relationship with JDA, I am confident that JDA will be a strong partner in helping us to successfully pioneer PRO in China so that we can better compete against other major international retailers that are rapidly increasing their presence in China,” added Haskell.
“In addition to supporting the best practices in enterprise forecasting, replenishment and planning, PRO introduces unique, new capabilities that will enable Home World to more intelligently manage their inventory investment by exception,” stated Lyn Schmidt, regional vice president and managing director of Asia Pacific operations. “We look forward to helping Home World maintain the best possible inventory levels throughout their supply chain while ensuring the ultimate in customer satisfaction,” added Schmidt.
In addition to PRO, Home World is licensed to use JDA’s Merchandise Management System-I™, Win/DSS® store system and Space Planning by Intactix® applications.
About Portfolio Replenishment Optimization
Using sophisticated forecasting algorithms and powerful optimization logic, PRO enables the next generation in precision demand chain optimization. The Microsoft .NET-based PRO integrates everyday replenishment requirements with logistical distribution and promotional management. By facilitating a holistic, enterprise replenishment approach, PRO synchronizes plans, demand, promotions, orders and receipts to ensure the best possible inventory levels are maintained throughout the demand chain.
About JDA Software Group, Inc.
With more than 4,800 retail, manufacturing and wholesale customers in 60 countries, JDA Software Group, Inc. (Nasdaq:JDAS) is a global leader in delivering integrated software and professional services for the retail demand chain. By capitalizing on its market position and financial strength, JDA commits significant resources to advancing JDA Portfolio, its suite of merchandising, POS, analytic and collaborative solutions that improve revenues, efficiency and customer focus. Founded in 1985, JDA is headquartered in Scottsdale, Arizona and employs approximately 1,100 associates operating from 26 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more information, visit www.jda.com, email info@jda.com or call 1-800-479-7382.
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