i2 adds new functionality to its i2 Five.Two software to provide real-time visibility into orders, shipments and inventory across the value chain
Announcement posted by i2 Technologies 15 Mar 2002
i2, the leading provider of dynamic value chain management solutions, today announced that it has added new inventory visibility and exception management capabilities to its i2 Five.Two collaboration solution that is designed to give its customers faster and more accurate order, inventory and shipment information across the value chain. The i2 solution also enables companies to quickly act on the information leading to improved responsiveness and rapid decision-making.
Jeff McKibben, director of worldwide e-procurement for Hewlett-Packard Company said, Understanding inventory status - from order to final delivery - is critical for HP and our trading partners. i2s Collaboration and Inventory Visibility Solution will enable us to take our KeyChain private supply chain hub to the next level, providing key trading partners, such as contract and component manufacturers and logistics service providers with real-time visibility to forecasts, orders, shipments and inventory. As a result, we can further increase the speed of our value chain, reduce inventory levels for all players and improve our customer responsiveness.
i2 solution offers unique capabilities
The i2 Collaboration and Inventory Visibility Solution differs from current Enterprise Resource Planning (ERP) and competing Advanced Planning and Scheduling (APS) applications that are limited to operating within the four walls of a company or a division. i2s solutions offer multi-enterprise, multi-tier collaboration and inventory visibility designed to allow companies to reduce inventory-carrying costs, while improving customer satisfaction. i2s market-leading collaborative solutions for the high tech, automotive, consumer goods and retail industries are also designed to offer:
Scalability and can be implemented for quick time-to-value: The i2 solution is scalable and integrates with existing ERP and legacy systems. Companies can collaborate on a large number of products and components across hundreds of suppliers with implementation times as quick as three to six months. Currently over 1,200 trading partners participate in collaborative trading hubs powered by i2.
Comprehensive capabilities across planning and execution: The i2 solution includes industry-specific processes like Collaborative Planning, Forecasting and Replenishment (CPFR) and Vendor Managed Inventory (VMI) for retail, RosettaNet for high tech, and just-in-time (JIT) for the automotive industry. i2s solution enables trading partner collaboration spanning long-term planning to near-term execution, and provides visibility into capacity, demand, orders and inventory across the value chain.
Exception detection and management for effective control: The i2 Collaboration and Inventory Visibility Solution enables users to set alerts that are critical to their business roles. Any critical exceptions pertaining to the status of inventory, orders or shipments will automatically send alerts to appropriate personnel and ensure that they are resolved before they become customer issues. If the inventory for a critical item falls below the minimum level, an alert will automatically be sent to the company buyer and trigger the replenishment process from the supplier to prevent stockouts. This management by exception is key to efficient coordination and control of business processes to drive high customer satisfaction.
ARC Advisory Group recognises i2s vision and leadership
Steve Banker, director of Supply Chain Solutions at the ARC Advisory Group said, i2 has been a visionary and leader in collaboration and pioneered a form of collaborative planning that starts with a collaborative forecast and by stages turns into allocated orders. The i2 Collaboration and Inventory Visibility Solution spans demand-supply planning to execution and integrates multiple tiers of suppliers into a synchronised and efficient collaborative network.
The rules of competition are changing
The basis for competition is rapidly shifting from company versus company to value chain versus value chain. Steve Robinson, i2 executive vice president Solutions Marketing said, The rules of competition are changing. Excess or inadequate inventory results from a lack of visibility and an inability to respond rapidly to changes in demand. i2s collaboration and inventory solution provides visibility from order to delivery for our customers, and offers them the ability to plan and execute with their trading partners. We have designed solutions to enable both sides to meet their customers needs in the most cost effective way with the lowest inventory and maximum profitability, at the lowest total cost of ownership.
The i2 Collaboration and Inventory Visibility Solution has already enabled many companies to achieve impressive results. Leading companies including high tech firms such as Hewlett-Packard and Compal; retail exchanges, such as the WorldWide Retail Exchange; and manufacturers, such as Hyundai and TaylorMade-adidas Golf have used the i2 solution. These companies report significantly reduced product delivery lead times and subsequent boosts to customer satisfaction by deploying the solution and changing their internal processes.
Key customer benefits
Some i2 customers have experienced the following benefits from i2 solutions:
Increased customer service levels from 5-20 percent,
Reduced inventory levels (raw materials, work-in-process and finished goods) by 10-30 percent,
Reduced procurement inefficiencies by 20-50 percent, and
Decreased cycle times from purchase order to delivery by 10-30 percent.
About i2
For more than a decade, i2 has been a leader in supply chain management. i2 has extended its technology and expertise to Dynamic Value Chain Management-solutions to help companies collaborate on decision-making processes not only across functions within a single company, but across multiple companies. i2 solutions span the value chain interactions, including customer relationship management, supply chain management and supplier relationship management. Established in 1988, i2 is the only software solutions provider that measures, audits, and reports total value provided to its customers, with a mission to deliver $75 billion in value by 2005. Learn more at www.i2.com. i2 is a registered trademark of i2 Technologies, Inc. and its subsidiaries.
Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties including forward looking statements regarding the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Form 10-K/A filed August 7, 2001 and Form 10-Q filed November 14, 2001. i2 assumes no obligation to update the forward-looking information contained in this news release.
Jeff McKibben, director of worldwide e-procurement for Hewlett-Packard Company said, Understanding inventory status - from order to final delivery - is critical for HP and our trading partners. i2s Collaboration and Inventory Visibility Solution will enable us to take our KeyChain private supply chain hub to the next level, providing key trading partners, such as contract and component manufacturers and logistics service providers with real-time visibility to forecasts, orders, shipments and inventory. As a result, we can further increase the speed of our value chain, reduce inventory levels for all players and improve our customer responsiveness.
i2 solution offers unique capabilities
The i2 Collaboration and Inventory Visibility Solution differs from current Enterprise Resource Planning (ERP) and competing Advanced Planning and Scheduling (APS) applications that are limited to operating within the four walls of a company or a division. i2s solutions offer multi-enterprise, multi-tier collaboration and inventory visibility designed to allow companies to reduce inventory-carrying costs, while improving customer satisfaction. i2s market-leading collaborative solutions for the high tech, automotive, consumer goods and retail industries are also designed to offer:
Scalability and can be implemented for quick time-to-value: The i2 solution is scalable and integrates with existing ERP and legacy systems. Companies can collaborate on a large number of products and components across hundreds of suppliers with implementation times as quick as three to six months. Currently over 1,200 trading partners participate in collaborative trading hubs powered by i2.
Comprehensive capabilities across planning and execution: The i2 solution includes industry-specific processes like Collaborative Planning, Forecasting and Replenishment (CPFR) and Vendor Managed Inventory (VMI) for retail, RosettaNet for high tech, and just-in-time (JIT) for the automotive industry. i2s solution enables trading partner collaboration spanning long-term planning to near-term execution, and provides visibility into capacity, demand, orders and inventory across the value chain.
Exception detection and management for effective control: The i2 Collaboration and Inventory Visibility Solution enables users to set alerts that are critical to their business roles. Any critical exceptions pertaining to the status of inventory, orders or shipments will automatically send alerts to appropriate personnel and ensure that they are resolved before they become customer issues. If the inventory for a critical item falls below the minimum level, an alert will automatically be sent to the company buyer and trigger the replenishment process from the supplier to prevent stockouts. This management by exception is key to efficient coordination and control of business processes to drive high customer satisfaction.
ARC Advisory Group recognises i2s vision and leadership
Steve Banker, director of Supply Chain Solutions at the ARC Advisory Group said, i2 has been a visionary and leader in collaboration and pioneered a form of collaborative planning that starts with a collaborative forecast and by stages turns into allocated orders. The i2 Collaboration and Inventory Visibility Solution spans demand-supply planning to execution and integrates multiple tiers of suppliers into a synchronised and efficient collaborative network.
The rules of competition are changing
The basis for competition is rapidly shifting from company versus company to value chain versus value chain. Steve Robinson, i2 executive vice president Solutions Marketing said, The rules of competition are changing. Excess or inadequate inventory results from a lack of visibility and an inability to respond rapidly to changes in demand. i2s collaboration and inventory solution provides visibility from order to delivery for our customers, and offers them the ability to plan and execute with their trading partners. We have designed solutions to enable both sides to meet their customers needs in the most cost effective way with the lowest inventory and maximum profitability, at the lowest total cost of ownership.
The i2 Collaboration and Inventory Visibility Solution has already enabled many companies to achieve impressive results. Leading companies including high tech firms such as Hewlett-Packard and Compal; retail exchanges, such as the WorldWide Retail Exchange; and manufacturers, such as Hyundai and TaylorMade-adidas Golf have used the i2 solution. These companies report significantly reduced product delivery lead times and subsequent boosts to customer satisfaction by deploying the solution and changing their internal processes.
Key customer benefits
Some i2 customers have experienced the following benefits from i2 solutions:
Increased customer service levels from 5-20 percent,
Reduced inventory levels (raw materials, work-in-process and finished goods) by 10-30 percent,
Reduced procurement inefficiencies by 20-50 percent, and
Decreased cycle times from purchase order to delivery by 10-30 percent.
About i2
For more than a decade, i2 has been a leader in supply chain management. i2 has extended its technology and expertise to Dynamic Value Chain Management-solutions to help companies collaborate on decision-making processes not only across functions within a single company, but across multiple companies. i2 solutions span the value chain interactions, including customer relationship management, supply chain management and supplier relationship management. Established in 1988, i2 is the only software solutions provider that measures, audits, and reports total value provided to its customers, with a mission to deliver $75 billion in value by 2005. Learn more at www.i2.com. i2 is a registered trademark of i2 Technologies, Inc. and its subsidiaries.
Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties including forward looking statements regarding the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Form 10-K/A filed August 7, 2001 and Form 10-Q filed November 14, 2001. i2 assumes no obligation to update the forward-looking information contained in this news release.