STOCKHOLM, Sweden, July 21, 2003 (PRIMEZONE) -- Industri-Matematik International Corp. (Other OTC:IMIC) (IMI) today announced development of business performance management solutions integrated into the IMI supply chain software suite.
The new IMI software will enable consumer goods and retail companies to use real-time metrics and analytic tools to make faster and higher quality supply chain decisions that turn strategic business goals into reality, connecting systems to transform business processes and improve performance.
George Ryerson, CIO at Westfarm Foods in Seattle, Washington, is an IMI client who has evaluated analytic capabilities and views them as a powerful combination when teamed with IMI order management software. He sees the benefits of analytics crossing the enterprise as well as the supply chain by providing metrics to run plants and run plant business status at anytime.
"Analytics are critical because they provide timely, relevant, accurate and cost effective information. Metrics provide 'instant gratification' as well as complete information the Westfarm Foods executive staff requires to make key business decisions," said Mr. Ryerson. "Adding analytic capabilities, IMI will be leveraging their extensive domain expertise in the consumer goods and retail industries and providing companies with the tools to build one set of standards for a consistently accurate view of business-critical information."
"A critical corporate challenge today is gaining visibility to current supply chain information and having the tools to act on outstanding issues that affect customer fulfillment in time to impact current quarter performance," said Timothy Campbell, president and CEO of IMI. "Bringing real-time performance analysis and decision management capabilities into inventory and order processes will help companies better anticipate customer demand. Companies will be able to make decisions and execute supply chain responses to better drive revenue and profitability."
IMI will integrate components of SymphonyRPM technology, which enables business decision-makers to access, analyze and monitor information quickly. The integrated analytic technology, combined with IMI's industry-leading products, will bind consumer goods and retail industry-specific expertise with analytics to redefine IMI Order and IMI Warehouse applications. The OEM agreement with SymphonyRPM advances the IMI vision for next-generation software to drive performance-driven customer fulfillment.
According to Rich Bergmann, CEO of SymphonyRPM, "IMI is taking a leading role in helping businesses use analytic tools to predict and achieve supply chain performance targets and consistently deliver promised results.
These capabilities will move companies closer to delivering the perfect order -- an order to the customer that is complete, accurate, on time and in perfect condition."
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. Adding analytics enables line-of-business and senior managers to measure economic value, such as operating profitability and net margin analysis, and analyze supply chain issues including delivery performance.
IMI Warehouse manages execution performance, the physical handling of goods across finished goods warehouses, central warehouses, distribution centers, cross-dock centers and local outlets. Adding analytics enables logistics and warehouse managers to analyze real-time information to compress cycle times and conduct warehouse optimization.
IMI is moving the industry to software application components that reflect business process solutions. In the IMI models for Order Management and Execution Performance, analytic capabilities of real-time performance management combine with the applications to provide real-time decision support.
About Industri-Matematik
Industri-Matematik International Corp. (IMI) is a leading provider of supply chain solutions for the retail value chain. IMI focuses on performance-driven customer fulfillment using sophisticated analytic applications that provide a granular view of critical data for real-time, complex decision-making. The company is dedicated to helping consumer goods and retail companies automate, streamline and measure order management and replenishment processes, based on actual customer demand. IMI offers proven solutions in collaborative order management, fulfillment, distribution center / store replenishment, supply chain analytics, visibility and event management capabilities. IMI products are used by the world's leading companies including Albert Heijn, AT&T, Campbell Soup, Canadian Tire, Dannon, Dial, Frito Lay, GE Plastics, Hakon, Hartz Mountain, InterPharm, Kellogg's, Price Chopper Supermarkets, JM Smuckers, Sherwin Williams, Starbucks, VWR International and Warner/Electra/Atlantic. IMI is headquartered in Mt. Laurel, New Jersey with offices in the United Kingdom, Sweden and the Netherlands. Additional information about IMI is available at www.industri-matematik.com.
About SymphonyRPM
A global software company based in Palo Alto, California, SymphonyRPM is dedicated to helping companies achieve exceptional business performance. SymphonyRPM solutions enable businesses to leverage existing enterprise infrastructure to drive and execute better decisions. With a robust suite of applications built on a framework of breakthrough integration, analytics, and workflow management capabilities, SymphonyRPM empowers all levels of your organization to make the time-critical, high-value decisions that turn corporate goals into reality. SymphonyRPM is a privately held company, with primary funding from Symphony Technology Group. Regional offices are located in New York, London, and Bangalore. For more information about SymphonyRPM, visit www.symphonyrpm.com
For more information, contact: Industri-Matematik International Corp. 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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