Adexa To Host Free Webcast on Internet-Based Demand Planning; Interactive Event "The Need for Speed" To Educate Executives on Leveraging the Internet To Generate Faster, More Accurate Forecasts.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--June 2, 2000

As a follow-up to its recent introduction of the Collaborative Demand Planner(TM) (CDP), Adexa(TM), Inc. (formerly Paragon Management Systems), the leading provider of collaborative planning solutions critical to e-business, today announced that it will host a free web broadcast to educate executives on how they can leverage the Internet to generate faster, more accurate forecasts. The event, titled "The Need for Speed," will be held June 15 at 1 p.m. (EDT). To register for the broadcast, visit the Adexa website at www.adexa.com and simply click on the Register Now button on the home page.

iCollaboration's CDP is a 100 percent Internet application that enables multiple stakeholders - both within the enterprise and beyond - to collaborate on demand data in real-time to quickly converge to a consensus forecast. In addition to compressing the time it takes to generate a forecast from weeks to days, CDP helps users make more informed business decisions by providing them with personalized access to live supply chain information via the Internet.

"Industries that have volatile demand or continuously introduce new products with limited or nonexistent historical demand information are faced with a pressing challenge to quickly generate accurate forecasts from many different sources such as sales reps, channel partners and customers," said Mike Plaskow, director of product management for Adexa, Inc., who will also serve as the keynote speaker for the web broadcast. "By leveraging the Internet, companies can shrink the time it takes to generate forecasts from weeks to days, dramatically increasing the market responsiveness, improving customer service levels, reducing excess inventory levels and capturing increased profits and market share. This webcast will provide executives with practical advice on how they can use collaborative technology to improve their demand planning."

The value of Adexa's Collaborative Demand Planner was highlighted in AMR's May 8, 2000 Research Alert on Supply Chain Management, "The new module is designed to allow a company's employees and trading partners to provide real-time input into the demand forecasting process, via the Internet. This type of collaborative forecasting tool is most useful in industries with short product lifecycles and high-volatility demand, such as the High-Tech and Electronics industries, where market intelligence inputs rather than extensive statistical analysis of historical data is most useful to demand planning processes."

Mr. Plaskow will educate participants on the differences between collaborative versus traditional demand planning and also discuss how CDP enables stakeholders, within the organization and across the extended supply chain, to make better business decisions using real-time supply chain information. As well, he will provide a brief overview of Adexa's iCollaboration suite's unified and open architecture and its associated benefits.

A live Q&A session will follow the presentation, providing participants with an opportunity to receive counsel on their most pressing demand planning dilemmas.

About Adexa

Headquartered in Los Angeles with sales and support offices worldwide, Adexa, Inc. (formerly Paragon Management Systems) is the leading provider of collaborative commerce solutions critical to e-business. Adexa's collaborative planning solution, iCollaboration, enables companies and trading exchanges to intelligently collaborate with trading partners via the Internet, improving profitability and customer responsiveness. Adexa's software and professional services enhance the value of enterprise applications and reflect the company's unmatched understanding of, and experience in solving, the unique business needs of its customers. iCollaboration is used by leading companies around the world, including General Motors, Hitachi, UMC Group, Milliken and Company, Xerox, Rowe Furniture, Lucent Technologies, Philips Components and Toshiba. To learn more about Adexa and its solutions, please visit www.adexa.com.