CEMEX And i2 Technologies Announce Collaboration; Agree to Implement Global Supply Chain Initiative.Business & Technology Editors MONTERREY, Mexico & SAN DIEGO--(BUSINESS WIRE)--Oct. 10, 2000 CEMEX CEMEX Cementos Mexicanos (NYSE NYSE See: New York Stock Exchange : CX) and i2 Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ITWO ITWO I2 Technologies (stock abbreviation, AMEX) ) announced today that they have agreed to collaborate on the implementation of a global supply chain initiative that will radically transform CEMEX's supply chain and logistics processes. This initiative, which will be fully implemented by the end of 2001, will contribute to the process of e-enabling CEMEX, which was announced last month by Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Lorenzo Zambrano. This agreement between the two companies includes the deployment of i2's Supply Chain Management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ) solution that will allow CEMEX to improve the management of its growing supply chain. In addition, i2 will assist CEMEX in transforming its supply chain into a highly agile, scalable, high velocity model that will lead to significant cost reductions. "The i2 solution will allow CEMEX to provide better customer service --and, in the process, reduce costs-- by assuring that we have inventories at the right place, at the right time, in the right quantities, and allocated to the right customers and channels," said Juan Pablo Juan Pablo is a common Spanish given name. It is the equivalent of "John Paul" in English or "Jean-Paul" in French. Some famous people with this name:
San Agustin (1996-) is a free improvising trio from Atlanta, Georgia, United States, with David Daniell and Andrew Burnes on guitar and Bryan Fielden on drums. , Executive Vice-President for e-Business for CEMEX and CEO of CxNetworks, the e-Business subsidiary of CEMEX. "After a detailed analysis, we selected i2 because of its differentiated services Offerings that can be classified by type, or quality, of service. For example, a differentiated services network could prioritize real time traffic for a higher fee. , scalability, and strong local presence. This new relationship is a critical component of our effort to accelerate the e-enabling of CEMEX," he added. The i2 solution will reduce inventories at distribution centers via an integrated forecasting and master planning process. The program will reduce freight expense In accounting, the concept of a freight expense account can be generalized as a payment for sending out a product to a customer. It falls under the umbrella category of Expenses and is treated like other expense accounts in relation to the accounting equation. by supplying inventory from optimally located plants, as well as through strategic collaborative bidding processes, through load consolidation, and through effective mode and carrier selections. i2 advanced network and optimization solutions will allow CEMEX to realize further cost savings by improving the transparency of its supply chain. "We expect savings of around US$20 million annually once the solution is fully implemented," said Francisco Garza, President of CEMEX North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "This is part of the overall savings that CEMEX is realizing from our e-enabling process," he added. Reagan Lancaster, i2's Executive Vice-President of World Wide Sales, said "We are very proud to work with CEMEX, which is not only a leader in the global cement industry, but is widely recognized as an innovator in the application of information technology to its core business. They are an ideal partner to implement our SCM enterprise solution. This relationship will make an important contribution to our corporate goal of delivering US$50 billion in value for our clients by the year 2005." The objective of i2's SCM solution is to achieve operational excellence throughout the extended supply chain by maximizing revenues, minimizing expenses, and making full use of all assets. The result is superior profitability, increased market share, and greater responsiveness to customer demand. The SCM solution, which enables intelligent e-Business, is the comprehensive integration of all sub-processes that facilitate the exchange of information and movement of goods between suppliers and end customers, including manufacturers, distributors, retailers, and any other enterprise within the extended supply chain. CEMEX is one of the three largest cement companies in the world with approximately 65 million metric tons of production capacity. It is also the world's largest trader of cement and the world's leading producer of white cement. CEMEX is engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker clink·er n. 1. The incombustible residue, fused into an irregular lump, that remains after the combustion of coal. 2. A partially vitrified brick or a mass of bricks fused together. 3. through operating subsidiaries in four continents. For more information, visit www.cemex.com. i2 is the leading global provider of intelligent e-Business solutions. Founded in 1988, i2's vision is to add $50 billion of value for its customers by the year 2005. i2 is headquartered in Dallas, TX, has approximately 5,000 employees, and maintains offices worldwide. For additional information, visit www.i2.com. Except for the historical information, the matters discussed in this press release are forward-looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Actual results may differ significantly from the discussion of certain matters in the forward-looking statements. |
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