Pentel Implements Prescient’s Vendor Managed Inventory Solution
Increased Visibility into Overstocks Cuts Returns in Half
WEST CHESTER, Pa., May 21, 2007--Prescient Applied Intelligence, Inc. (OTCBB: PPID), a leading provider of supply chain and advanced commerce solutions for retailers and suppliers, today announced that Pentel of America has implemented Prescient’s vendor managed inventory (VMI) solution. Pentel conducts VMI with McLane, an industry leader in distribution that services more than 50,000 retail locations and distributes Pentel’s products to Wal-Mart.
Pentel, a world leader in the manufacture and sale of writing instruments and art materials, is using Prescient’s VMI solution to gain greater visibility into inventory movement; compare forecasts from multiple sources; generate more accurate orders; ship product more efficiently; and reduce returns. The VMI suite includes Prescient’s demand, inventory, and replenishment planning modules.
“Because we have so much more visibility into overstocks, we ended this year’s back to school season with half the returns,” said Steve Koch, supply chain manager for Pentel. “Prescient also allows us to compare our forecasts to current inventory levels, while giving us the ability to view, plan for, and fulfill future orders.”
“Prescient’s industry-leading VMI solution gives Pentel a consolidated view of all pertinent data,” said Jane Hoffer, president and CEO of Prescient. “Greater visibility means more accurate orders, better replenishment plans, operational efficiencies, and ultimately, happier trading partners.”
About Prescient Applied Intelligence:
Prescient, founded in 1985 (OTCBB: PPID), is a leading provider of supply chain and advanced commerce solutions for retailers and suppliers. Prescient’s solutions capture information at the point of sale, provide greater visibility into real-time demand and turn data into actionable information across the entire supply chain. As a result, the company’s products and services enable trading partners to compete effectively, increase profitability and excel in today’s retail business climate. Household brand names like Ahold, Coors, Domino’s Pizza, Meijer, Rite Aid, Sara Lee, Schwan’s, SUPERVALU, and Wyeth rely on Prescient. For more information, go to www.prescient.com.
Forward-Looking Statement:
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “if”, “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to Prescient Applied Intelligence, Inc. are intended to identify such forward-looking statements. Prescient may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Prescient’s report on Form 10-KSB filed with the Securities and Exchange Commission and its other filings under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Contacts:
Prescient
Betsy Hargus, 610-719-1600 ext. 304
bhargus@prescient.com
Back...
