Barnes & Noble Implements i2 Solutions to Increase Distribution Center Efficiencies Nationwide.Business Editors & High Tech Writers DALLAS--(BUSINESS WIRE)--May 8, 2001 i2 TradeMatrix Demand Planner(TM) and i2 TradeMatrix Supply Chain Planner(TM) Designed to Increase Bookseller Profit Margins i2 Technologies, Inc. (Nasdaq:ITWO ITWO I2 Technologies (stock abbreviation, AMEX) ), the leading provider of supply chain and marketplace solutions, today announced that Barnes & Noble, Inc. (NYSE NYSE See: New York Stock Exchange :BKS BKS Barracks BKS Best Kept Secret (gaming) BKS Bildung, Kultur Und Sport (German) BKS Brookside (city) BKS Bergen Kirurgiske Sykehus (Bergen, Norway) ), the nation's largest bookseller, has fully implemented i2 solutions to streamline and increase efficiencies within its planning systems See spreadsheet and financial planning system. at its distribution center in Jamesburg, New Jersey Jamesburg is a Borough in Middlesex County, New Jersey, United States. As of the United States 2000 Census, the borough population was 6,025. Jamesburg was formed as a borough by an Act of the New Jersey Legislature on March 19, 1887, when it was created from portions of . Barnes & Noble currently has close to one million titles in inventory; each superstore su·per·store n. A very large retail store that stocks highly diversified merchandise, such as groceries, toys, and camera equipment, or a wide variety of mechandise in a specific product line, such as computers or sporting goods. features an authoritative selection of books, ranging from 60,000 to 200,000 titles. The bookseller recognized the need to increase forecast accuracy, reduce inventory at the distribution center level, and reduce the transportation costs associated with shipping titles from the distribution center to each store. In 1999, Barnes & Noble began working with i2 to integrate its "bricks & mortar" operations to optimize customer service. In order to complete this integration, the company implemented the i2 Supply Chain Management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ) Solutions(TM). With these solutions now in place, the company is experiencing improved forward visibility of the demand at the distribution center and can better manage inventory based on this information. i2 SCM is enabling Barnes & Noble to maintain high customer service levels while reducing overall inventory. "For the 80,000 fastest moving backlist back·list n. A publisher's list of older titles kept in print. tr.v. back·list·ed, back·list·ing, back·lists To place (a title) on a backlist. titles that were included in our implementation, i2 helped us significantly reduce the inventory in our Jamesburg center while at the same time improving service levels to our stores," said Joe Gonnella, vice president, Inventory Management, Barnes & Noble. "This allowed us to maximize sales and to minimize our expenses for that title group." "Barnes & Noble is committed to providing the ultimate level of service to its customers," said Bernard Goor, i2 vice president, Retail Business Development. "By providing the nation's largest bookseller with the tools to significantly lower inventory levels through intelligent inventory planning, i2 has helped Barnes & Noble streamline their processes and drive significant inventory savings to their bottom line." About Barnes & Noble, Inc. Barnes & Noble, Inc. (NYSE:BKS) operates 569 Barnes & Noble and 339 B. Dalton Dalton, city (1990 pop. 21,761), seat of Whitfield co., extreme NW Ga., in the Appalachian valley; inc. 1847. It is a highly industrialized city in a farm area. bookstores, and, with its acquisition of Babbage's Etc. and Funco, Inc., is the nation's largest operator of video game and entertainment software stores. Barnes & Noble stores stock an authoritative selection of book titles and provide access to more than one million titles. They offer books from more than 50,000 publisher imprints with an emphasis on small, independent publishers and university presses. Barnes & Noble is one of the world's largest booksellers on the World Wide Web (http://www.bn.com), and the premiere bookseller on America Online's (Keyword: bn) proprietary network. Barnes & Noble.com has the largest standing inventory of any online bookseller. Barnes & Noble also publishes books under its own imprint im·print tr.v. im·print·ed, im·print·ing, im·prints 1. To produce (a mark or pattern) on a surface by pressure. 2. To produce a mark on (a surface) by pressure. 3. for exclusive sale through its retail stores and Web site. Further information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate Web site: http://www.barnesandnobleinc.com. About i2 i2 is creating real value for its global e-business customers through its i2 TradeMatrix Solutions, content, and marketplace platforms. i2 TradeMatrix allows businesses to create both private and public marketplaces, while improving the efficiencies of all participants. i2 provides a wide variety of collaborative e-business services for both the early stages and next generation of e-business adoption, with each service supported by decision optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , transaction management and content management solutions. Founded in 1988, i2's mission is to deliver $75 billion in value to its customers by 2005. i2 is headquartered in Dallas, has more than 5,900 employees and maintains offices worldwide. Visit i2's Web site at http://www.i2.com. i2 is a registered trademark of i2 Technologies, Inc. i2 TradeMatrix, i2 TradeMatrix Solutions, i2 Supply Chain Management Solutions, i2 TradeMatrix Demand Planner, i2 TradeMatrix Supply Chain Planner and the i2 logo design are trademarks of i2 Technologies, Inc. i2 Cautionary Language This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. including forward looking statements regarding the creation of value for an i2 customer through the implementation of the Company's supply chain and marketplace solutions. The forward looking statements involve risks and uncertainties, including the customer's continued ability to implement i2 solutions successfully or to achieve benefits attributable to i2 products. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed March 29, 2001 and Form 10-Q Form 10-Q See 10-Q. filed May 4, 2001. i2 assumes no obligation to update the forward-looking information contained in this news release. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion