STOCKHOLM, Sweden, April 22, 2003 (PRIMEZONE) -- Industri-Matematik International Corp. (IMI)(OTCBB:IMIC) today announced availability of IMI Order 8.1, the latest version of its industry-proven Order Management solution that increases flexibility, responsiveness and speed of order processing and customer fulfillment operations throughout the supply chain. The software delivers deeper order management capabilities tied to IMI's objective to help companies achieve the Perfect Order -- the ability to deliver an order to the customer that is complete, accurate, on time and in perfect condition.
IMI Order is web-enabled and utilizes a workbench concept for improved workflow, and provides enhanced purchasing, pricing and discounting capabilities and support for packaging materials and deposits.
IMI Order allows companies to focus business processes on the actual demand point of the supply chain, the order, to meet customer service requirements and eliminate errors that result in costly deductions and product returns. It captures order information and makes it the central point of customer fulfillment. Pioneering the "single face to the customer," IMI Order consolidates order information, capturing the order from a customer as well as providing views and measures of customer activity, no matter the disparate back-end systems.
IMI Order enables companies to achieve a superior level of consolidated order management, uniting complex and divergent business units and systems of customers and business partners. IMI Order captures customer order information and assembles it as the central point of order execution.
"With IMI Order 8.1, companies bring greater benefit to their customers by maximizing supply chain execution around a perfect order, delivering better results and improved performance on their customer fulfillment promises," said Timothy Campbell, president and CEO of Industri-Matematik International. "IMI Order allows companies with diverse order processes to span geographies, sales channels and product lines, gaining one operating view of all customer interactions to optimize order capture, pricing, promotions and fulfillment. IMI is helping companies worldwide, provide better service and value to their customers through increased visibility and collaboration with suppliers, while also improving their bottom line."
Ensuring businesses can distribute products from any location, IMI Order supports localized business practices across international borders. It has the ability to define and support global fulfillment strategies, covering multiple countries, legal entities, customs, currencies and suppliers. It includes order entry, sourcing, pricing, promotions, invoicing and delivery management capabilities. Included among the new capabilities in IMI Order are:
-- IMI Access. A robust communications and integration hub with extended capabilities, including alert management in the Web-based client that facilitates collaborative business models within organizations and across trading communities. IMI Access makes it easier to share timely order information across enterprise boundaries. It provides role-based application access to order management capabilities, configured for the most common business flows including customer service and customer maintenance, plus customer and product exceptions. -- Enhanced Order Management. Increased flexibility in pricing and discount handling as well as improved sourcing and order exception- handling capabilities throughout the supply chain. Scalable and configurable to process high volumes for fast-moving goods environments such as in the consumer goods and retail industries. -- Enhanced Purchasing Functionality. Deeper pricing and discount capabilities, pallet and layer discounts, price brackets, vendor VAT and Intrastat handling (WorldTax). -- Streamlined Warehouse Integration. Supports smooth flow of goods from order to delivery. Integration enables IMI Order to automate packing materials handling as separate products for customization for individual customers, allows information visibility (as with customer and order numbers) at all customer fulfillment stages, improves ASN and transit processing, and improves alert management.
IMI Order provides companies with a comprehensive view of each order as it moves through the supply chain, with inventory availability information at each stage of the order cycle. It also supports transaction price management for companies to achieve best "net realized price" for each transaction at the order line level.
About Industri-Matematik
Industri-Matematik International Corp. -- The Order Company -- is a provider of high-performance supply chain solutions for the retail value chain, turning supply chain friction into smooth order flows. Its software enables companies to manage order and replenishment business processes based on actual customer demand to provide best-in-class, pull-driven supply chain practices. IMI's software includes collaborative order management, fulfillment, distribution center and store replenishment, supply chain analytics, visibility and event management capabilities. For IMI information, please access the company web site at www.industri-matematik.com
For more information, contact: Industri-Matematik Porter Novelli Public Relations Peg Archdeacon Albie Jarvis or Julie Redard +1 (856) 793-3223 +1 (617) 450-4300 parchdeacon@imiamericas.com julie.redard@porternovelli.com
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