Federated Department Stores Selects Manugistics’ Global Logistics Management Solutions To Power Supply Chain Operations, Build Competitive Advantage
ROCKVILLE, Md. - July 22, 2003 - Manugistics Group, Inc. (NASDAQ: MANU), the leading global provider of supply and demand chain management solutions, today announced that Federated Department Stores, Inc. (NY: FD) will implement Manugistics’ solutions to optimize inbound transportation and freight movements between its suppliers and distribution centers.
Federated oversees a complex national logistics network that has expanded with the company to keep its popular stores stocked. Federated operates 456 stores, including Bloomingdale`s, Macy`s, Rich`s-Macy`s/Lazarus/Goldsmith`s, Burdines and The Bon Marche. The company also operates Macys.com, Bloomingdale`s By Mail and a network of online bridal registries operated in conjunction with WeddingChannel.com.
To ensure that the right products reach the right stores on time, Federated developed comprehensive business processes to manage logistics operations. In order to drive further value within the area of transportation, Federated undertook a rigorous ROI analysis to prove the value of utilizing supply chain solutions to automate and optimize these complex operations. Based on this comprehensive review process, Federated selected Manugistics` Global Logistics Management Solutions.
"After a comprehensive evaluation of vendors, Manugistics proved to be the systems solution for Federated," said Peter Longo, Federated Logistics president. "Manugistics partnered with IBM Consulting Services to meet our complex requirements, and helped us capitalize on the value that supply chain optimization provides."
"Manugistics is pleased to collaborate with Federated on this strategic initiative," said Greg Owens, Manugistics chairman and chief executive officer. "Our logistics optimization suite has delivered great value to clients across many global industries. Forward-looking clients such as Federated are designing the future of retail, and we are proud to be working with them to provide the powerful solutions they need to continually build competitive advantage."
About Federated Department Stores, Inc.
Federated, with corporate offices in Cincinnati and New York, is one of the nation`s leading department store retailers, with annual sales of more than $15.6 billion. Federated currently operates more than 450 stores in 34 states, Guam and Puerto Rico, under the names of Macy`s, Bloomingdale`s, The Bon Marche, Burdines, Goldsmith`s, Lazarus and Rich`s-Macy`s, as well as macys.com and Bloomingdale`s By Mail.
About Manugistics Group, Inc.
Manugistics is a leader in delivering innovative supply chain and demand chain management 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, demand and revenue management, service and parts management and supplier relationship management. Its clients include industry leaders such as AT&T, Airgas, BMW, Boeing, Brown & Williamson, Caterpillar, Circuit City, Coca-Cola Bottling, Continental Airlines, Diageo, DuPont, Fairchild Semiconductor, Ford Motor Company, Harley-Davidson, Nestle, RadioShack, Smith & Nephew and Unilever. For more information, go to www.manugistics.com.
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 and Quarterly Report on form 10-Q for the period ended May 31, 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 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.
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