Caprabo Goes Live with i2 Retail Solutions.Business Editors/High-Tech Writers BARCELONA, Spain & DALLAS--(BUSINESS WIRE)--Nov. 5, 2003 Spanish Grocery Retailer Caprabo Implements Solutions from i2 Designed to Support Continuous Growth Through Improved Customer Service and Increased Business Efficiency i2 Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : ITWO ITWO I2 Technologies (stock abbreviation, AMEX) ), a leading provider of end-to-end supply chain management solutions, today announced that Spanish grocery retailer Caprabo has successfully completed the first phase of its deployment of i2 Retail solutions. Caprabo's goal in implementing i2 Retail solutions is to make the business more efficient and offer better customer service. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) has been a key contributor in the successful implementation of i2 solutions at Caprabo. IBM Business Consulting Services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" has collaborated with i2 to deliver the i2 Merchandise Planner business model design and the integration of i2 solutions with existing Caprabo systems. IBM intends to continue to provide Caprabo with business process and industry expertise to offer a complete solution that addresses specific Caprabo industry needs. Caprabo has gone live with three core solutions from i2's Merchandise Planning Merchandise Planning is a strategic and systematic approach used by retailers, particularly in fashion and non-food areas. It is aimed at maximising return on investment, through planning and monitoring sales, margins and inventory in order to increase profitability. suite: i2 Merchandise Planner, i2 Demand Planner and i2 Replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. Planner. -- i2 Merchandise Planner helps the entire Caprabo organization to develop more accurate budgets by integrating and managing business, financial and departmental plans. Additionally, it provides visibility of performance against plans and assists in assortment planning Assortment Planning is a mission critical function for retailers. This is the place where the retailer meets the customer. The place where the retailer must buy exactly what their customers will buy. . -- i2 Demand Planner is a powerful forecasting tool that is designed to improve customer service levels across all product categories. It allows Caprabo to tailor forecasts to a product's characteristics, i.e. fast or slow moving items, promotional lines or new product introductions. -- i2 Replenishment Planner combined with i2 Demand Planner uses the forecasts to calculate optimized stock requirements for more than 7,000 items in three distribution centers (DCs) in the Catalonia and Madrid region, more than 60 percent of Caprabo's business. Based on these forecasts, the system automatically generates purchase orders and builds more complete truckloads for suppliers. This is designed to allow Caprabo to achieve the twin aims of reducing inventory and improving customer service levels. Testing in the two Catalonia based DCs -- Ciencas and Abrera -- has shown inventory reductions of eight to 20 per cent. In addition, the planners, who had previously been using transaction systems, inventory reports and spreadsheets, have seen significant productivity increases by using i2 Replenishment Planner. Caprabo is currently in the process of rolling out i2 Replenishment Planner to all its distribution centers in Spain. "We are very pleased with the initial results of the implementation; expectations are being exceeded," says Xavier Argente, 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. of Caprabo. "Through the use of the i2 Retail solutions and IBM services, we expect to be able to give our customers better service and improve our business performance as we execute our plans to aggressively grow the business." "We are particularly proud of the strong relationship formed with Caprabo and attribute the success of this implementation to the close working relationship of our respective teams," says Miguel Milano, vice president, Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. and i2 EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. Retail. Caprabo joins more than 60 worldwide retailers, covering Fashion, Electronics, DIY DIY abbr. do-it-yourself DIY or d.i.y. Brit, Austral & NZ do-it-yourself DIY abbr DIY do it yourself a DIY shop/job. and Grocery businesses that already use i2 Retail solutions. In addition to i2's Merchandise Planning suite, Caprabo now intends to implement i2 Category Price Optimizer, a tool designed to provide consistency and agility in pricing planning. About Caprabo Caprabo (www.caprabo.es) is a Spanish supermarket company with a very strong market position in Spain, leading the Catalonia and Navarra regions and with an important presence in Madrid, Baleares and Comunidad Valenciana. The company ended the last fiscal year with a turnover of 2,001.2 million euros, which means 26.9% growth compared to the fiscal year 2001. Currently, Caprabo has over 500 supermarket stores and 30 petrol stations, with a workforce over 15,000 people. About i2 A leading provider of end-to-end supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize See synchronization. activities involved in successfully managing supply and demand. i2 has more than 1,000 customers worldwide -- many of which are market leaders -- including seven of the Fortune global top 10. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com. i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc. i2 Cautionary Language This press release may contain 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. that involve risks and uncertainties including forward-looking statements regarding the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. 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 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. filed July 21, 2003 and the Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. filed August 12 and August 14, 2003. i2 assumes no obligation to update the forward-looking information contained in this news release. |
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