January 30, 2001, 5:16 PM

GlobalNetXchange selects Manugistics

GlobalNetXchange, a leading global business-to-business online exchange for the retail industry, today announced that it has chosen Manugistics NetWORKS solutions to be the foundation for GNX's Collaborative Planning, Forecasting and Replenishment services. Manugistics Group Inc. is a provider of Enterprise Profit Optimization solutions -- the powerful combination of supply chain management and pricing and revenue optimization solutions. GNX and Manugistics will be working together to provide solutions that allow trading partners to engage in real time collaboration and information exchange over the Internet. The NetWORKS collaborative solutions are designed to help trading partners improve the accuracy of demand forecasting, reduce inventory levels and supply chain cycle times -- enabling retailers and suppliers to deliver product to meet true market demand. Manugistics solutions are used by seven of the top 10 Fortune 500 retailers. Its leading retail clients include Amazon.com, Canadian Tire, Circuit City, Lowes, Payless Cashways, Ross Stores, The Gap, and The Limited.
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