Sears Selects Manugistics` Solutions to Optimize Demand and Replenishment Planning
Implementation Will Encompass More Than 870 Stores
ROCKVILLE, Md.--June 29, 2004--Manugistics Group, Inc. (NASDAQ:MANU), a leading global provider of demand and supply chain solutions, today announced that Sears, Roebuck and Co. (NYSE:S) has selected Manugistics` demand planning and replenishment planning solutions as an integral part of Sears` effort to re-engineer its core merchant processes and tools.
Manugistics` solutions will enable Sears to forecast at the store level for its 870 full-line stores and improve forecast accuracy and store-level replenishment across all categories of products. For each Sears store, the solutions will provide a unique time-phased inventory plan that considers predicted demand at the store, promotions, seasonality, lead-time variability, allocations, and incoming stock across the network. The system will also look at supply and demand across the network and generate allocation and replenishment recommendations for planners and alert them to potential problems.
"These solutions will help us continue to have the products our customers want in the stores when they want them, providing the superior shopping experience they expect from Sears," said Steve Poplawski, Vice President, Merchant Operations. "At the same time, all of the efficiencies that flow from increased forecast accuracy will help us meet our goals of increasing sales and reducing operating costs."
A key component of the Manugistics solution is the promotional planning capability, which is seamlessly integrated with the demand and inventory planning processes. The solution will help improve customer service levels through the improvement of in-stock positions for planned promotions.
"Manugistics is delighted to be part of Sears` vision to develop a truly leading-edge merchandising operation," said Jeremy Coote, President, Manugistics. "This will be one of the largest implementations of a planning system of its kind outside of the Federal government. We believe that the unparalleled flexibility and scalability offered by our retail solutions are well-suited to a project of such magnitude."
About Sears, Roebuck and Co.
Sears, Roebuck and Co. (NYSE:S), is a leading broadline retailer providing merchandise and related services. With revenues in 2003 of $41.1 billion, the company offers its wide range of home merchandise, apparel and automotive products and services through more than 2,300 Sears-branded and affiliated stores in the U.S. and Canada, which includes approximately 870 full-line and 1,100 specialty stores in the U.S. Sears also offers a variety of merchandise and services through sears.com, landsend.com, and specialty catalogs. Sears is the only retailer where consumers can find each of the Kenmore, Craftsman, DieHard and Lands` End brands together -- among the most trusted and preferred brands in the U.S. The company is the largest provider of product repair services with more than 14 million services calls made annually.
About Manugistics Inc.
Manugistics is a leading global provider of demand and supply chain management solutions. Today, more than 1,200 clients trust Manugistics to help them drive profitable growth, unlock the value of their existing IT investments, and ensure the security and integrity of their global supply chains. Its clients include industry leaders such as AT&T, BMW, Boeing, Brown & Williamson, Cingular, Circuit City, Coca-Cola Bottling, Continental Airlines, Diageo, DuPont, Harley-Davidson, John Deere, McCormick, Nestle, Nissan, RadioShack, Sanmina-SCI, 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, the ability of the Company to successfully implement its solutions and the ability of the Company to align its cost structure and revenues in an effective manner. 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 29, 2004. Manugistics assumes no obligation to update the forward-looking information contained in this announcement.
CONTACT:
Manugistics Group Inc.
Kristine Gager
Edelman
202-326-1747
kristine.gager@edelman.com
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