Dallas, TX -- June 1, 2009 - i2 Technologies, Inc. (NASDAQ: ITWO) and the i2 User Group today announced the finalists for the Ken Sharma Award of Excellence, which recognizes companies that have made outstanding advancements in supply chain management through deployments of i2 solutions.
The annual award, which honors i2’s late co-founder Ken Sharma, was open to hundreds of i2 users. An independent panel of analysts from AMR Research judged each nominee in the categories of innovation, return on investment, and depth and breadth. Global winners in each of the three categories will be announced in the fall of 2009.
Fairchild Semiconductor is a global leader in delivering energy-efficient power analog and power discrete solutions for consumer, communications, industrial, mobile, computing and automotive systems.Fairchild’s overall business driver was to achieve “Perfect Order Delivery Performance.” With i2 solutions implemented across the entire Fairchild supply chain for all plants and divisions, the semiconductor company estimates to save $20 million during the next four years based on published industry research. Fairchild has also improved its “Perfect Order” rate by a full two percentage points.
Whirlpool Corporation is the world’s leading manufacturer and marketer of major home appliances. Whirlpool sought to improve forecast errors to enable inventory reductions and service-level improvements and to streamline and document forecasting processes that drive improved communications and sales and operations planning efforts. With i2 solutions in place, Whirlpool achieved a year-to-date forecast error reduction of more than 30 percent at both SKU level and SKU/location level.
Woolworths is a leading South African retailer offering a selected range of clothing, footwear, toiletries, cosmetics, homeware, food and financial services. With a need to conduct integrated assortment planning, to support change in its supply chain strategy, and to upgrade to supported software versions, Woolworths implemented i2 retail solutions. These implementations are expected to deliver significant increases in profits due to improved sales and cost savings.
Depth and Breadth Finalists
One of the world’s fastest-growing global steel companies, Essar Steel NV has tripled its capacity in the last two years and plans to become one of the top 10 global steel producers by 2015. Essar Steel sought to increase profitability, strengthen customer relationships, reduce inventories and increase throughput. Since implementing a variety of i2 solutions to address advanced order planning and sales and operations planning, Essar Steel has increased forecast accuracy for domestic contract customers by nearly 30 percent. The company has reduced work-in-process inventory and order leads times, in addition to reducing response time for customer inquiries from two to three hours to six seconds.
Lenovo develops, manufactures and markets high-quality, secure and easy-to-use technology products and services worldwide and dedicates itself to building the world’s most innovative personal computers. The company sought to improve serviceability, end-to-end supply chain cost, cash-conversion cycles and quality. Lenovo has reduced its end-to-end order fulfillment cycle by running i2 Factory Planner many times a day. By using the i2 platform, Lenovo can now better leverage supply chain information for enhanced and faster analysis.
Maxim Integrated Products is a worldwide leader in the design, development, and manufacture of the analog, mixed-signal, high-frequency and digital circuits. Through its implementation of i2 solutions, Maxim has achieved significant improvements to its supply chain management processes. The company has synchronized planning, improved on-time delivery to customers, increased the efficiency of factory execution, increased the speed of its planning cycle, and improved data management.
Return on Investment Finalists
Incitec Pivot Ltd (IPL) is Australia’s largest fertilizer manufacturer and distributor of a full range of inorganic fertilizer products. The primary driver of IPL’s initial implementation of i2 solutions was to generate a cohesive, constrained plan for the company’s supply chain. Since implementing several i2 solutions, as part of an overall planning redesign, IPL has reduced monthly planning cycles by four to five days. Weekly planning cycles used to take one to two days, but now multiple runs can be completed within a day.The number of errors, constraint violations and shorted demands in the final plan has been reduced significantly. Implementation of the total project has contributed to IPL reduced year-end inventory levels in excess of US$28million and reduced year-to-date land freight cost by US$1.4 million.
Kimberly-Clark, a leading global health and hygiene company, sought to implement a new transportation management system (TMS) along with a business process redesign to reduce its transportation spend. By implementing several i2 TMS solutions, and by leveraging optimization capabilities to achieve rate reductions prior to implementation, Kimberly-Clark had achieved US$8.77 million in savings in North America at the time of its Ken Sharma Award application. During that same time frame, the company also saved US$1.6 million from its implementation in Europe.
Serving both consumers and original equipment manufacturers, SanDisk Corporation designs, develops, manufactures and markets flash storage card products for a wide variety of electronic systems and digital devices. SanDisk wanted to create a supply chain capability that it could use as a competitive differentiator to continue its market leadership, and to maintain profitable growth with a strong balance sheet. Since implementing i2 solutions, SanDisk has either maintained or improved its customer service levels as its unit volumes, customer base and product portfolio have dramatically increased. SanDisk has also strengthened its sales and operations management processes, and hasreduced its planning cycle from aboutsix weeks toone week.
Throughout its more than 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross-section of industries; 21 of the AMR Research Top 25 Global Supply Chains belong to i2 customers. Learn more at www.i2.com.
i2 Cautionary Language
This press release contains forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2’s management team and its ability to deliver results to i2’s customers worldwide. 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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2009 and the Annual Report on Form 10-K for the year ended December 31, 2008. i2 expressly disclaims any current intention to update the forward-looking information contained in this news release.