Black & Decker Drives Superior Customer Service with Manugistics Global Logistics Sourcing Solutions.Business Editors/High-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--May 20, 2003 Manugistics Group, Inc. (Nasdaq:MANU), a leading global provider of supply chain and logistics optimization solutions, today announced that Black & Decker successfully completed, in just seven days, an automated web-based, real-time Request for Quotation A Request for Quotation (referred to as RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products and/or services. An RFQ typically involves more than the price per item. (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) process with all of their European Truckload, Less Than Truckload Less-Than-Truckload (LTL) shipping is the transportation of relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down in to units less than 150 US (LTL LTL - Linear Temporal Logic ) and Parcel carriers - helping improve overall service and transportation costs across Europe. "Black & Decker has reduced transportation costs in Europe by automating the RFQ process with Manugistics' web-enabled rates procurement RFQ solution" said John Schmitt John Schmitt (born May 6, 1962) is an American economist, who serves as a senior economist with the Center for Economic and Policy Research in Washington, DC. He has written extensively on economic inequality, unemployment, the new economy, the welfare state, and other topics for , Director, Global Transportation at Black & Decker. "We were able to optimize across our carrier-base by considering cost, service and business constraints while producing a significant ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). to Black & Decker's bottom line." Manugistics Global Logistics Sourcing Solutions helped enable Black & Decker to take advantage of a community of over 2600 carriers in a competitive real-time environment, which provides a dynamic, electronic method of collecting and analyzing lane, price, and capacity information. The solution helps enable collaboration with logistics service providers, and assists in awarding contracts to providers who best meet various business priorities, qualifications, specifications, service levels and pricing outlined by Black & Decker. Over the seven day process, Black & Decker solicited the Manugistics carrier community, and invited additional providers to the event - eventually totaling 56 carriers bidding on 1,072 lanes, helping service over nine facilities across Europe. "We are extremely proud of our ability to provide solutions and deliver the business results our clients require to sustain a competitive advantage," says Jeff McKinney, Manugistics' President of Americas operations. "Black & Decker is an excellent example of how our partnerships with clients result in bottom line cost reductions and customer service." Since 1991, Black & Decker, the leading manufacturer of power tools and accessories, has successfully utilized Manugistics for a wide range of strategic supply chain management solutions. About Black & Decker Corporation Black & Decker is the nation's #1 producer of power tools and accessories, mainly under the DeWALT and Black & Decker names. It also makes electric lawn and garden tools, plumbing products (Price Pfister Price Pfister is an American manufacturer of faucets and other plumbing products since 1915. It is known most by its odd name, and its advertisements which make note of its "pfaucet with a pfunny name". ), specialty fastening and assembly systems, security hardware (Kwikset), and cleaning and lighting products (Dustbuster vacuum cleaners, SnakeLight flashlights). Its largest customers include Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box and Lowe's. About Manugistics Group, Inc. Manugistics is a leader in delivering innovative pricing and supply chain software solutions. Today, more than 1,200 clients trust Manugistics to help them reduce costs, increase revenues and enhance margins. The company provides comprehensive solutions for supply chain management, service and parts management, pricing and revenue optimization, and supplier relationship management. Its clients include industry leaders such as AT&T, Airgas, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Boeing, Brown & Williamson, Caterpillar, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Circuit City, Coca-Cola Bottling, Continental Airlines, DaimlerChrysler, Diageo, DuPont, Fairchild Semiconductor, Ford Motor Company, Harley-Davidson, Nestle, RadioShack, Smith & Nephew and Unilever. For more information, go to http://www.manugistics.com. FORWARD LOOKING STATEMENT This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, continuing economic and political uncertainty, the timing and degree of business recovery, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, unexpected competition, risks related to quarterly performance, risks of new business areas, international expansion, business combinations and strategic alliances, lengthening of sales cycles for software products and services, and the effectiveness of the cost reduction efforts undertaken by Manugistics and their impact on the company's ability to operate its business. A decreased demand for enterprise application software due to weakened economic conditions could result in decreased revenues or lower revenue growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. . More information about factors that potentially could affect Manugistics' financial results is included in Manugistics filings with the Securities and Exchange Commission, including its Annual Report on 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. for the year ended February 28, 2002 and Quarterly Report on Form 10-Q Form 10-Q See 10-Q. , for the quarter ended November 30, 2002. Manugistics assumes no obligation to update the forward-looking information contained in this announcement. Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization and Manugistics NetWORKS are trademarks of Manugistics, Inc. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. |
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