Celerity Implements Advanced Supply Chain Planner.CONCORD, Mass.--(BUSINESS WIRE)--April 30, 1998--Celerity Solutions, Inc., (Nasdaq:CLTY), a leading single-source solution for supply chain and warehouse management software, announced today the first implementation of it advanced planning system See spreadsheet and financial planning system. Supply Chain Planner at United Liquors Ltd. United Liquors is a $500 million liquor wholesaler with headquarters in Bridgewater, Massachusetts Bridgewater is a town in Plymouth County, Massachusetts, 28 miles (43 km) south of Boston. At the 2000 Census, the population was 25,185. For geographic and demographic information on the census-designated place Bridgewater, please see the article Bridgewater (CDP), . Supply Chain Planner is based on a patented planning algorithm that enables companies to respond quickly and automatically to changes in supply and demand, a critical element to the success of their clients. The product allows a company to capture supply and demand changes in real time in order to re-plan automatically and respond immediately. Such responsiveness allows companies to improve customer service and reduce inventory levels. At ULL Noun 1. Ull - (Norse mythology) one of the Aesir known for his beauty and skill with bow and skis; son of Sif and stepson of Thor Ullr Norse mythology - the mythology of Scandinavia (shared in part by Britain and Germany) until the establishment of , Supply Chain Planner maintains a demand forecast as well as a model describing United Liquors' supply chain. The model includes sourcing rules, shipping and calendar constraints, order policies, lead times, safety stock and excess stock level policies. A schedule of planned supply orders is maintained continuously as supply, demand and planning rules change. Several options are provided for transitioning planned orders into open orders. The Load Building facility within Supply Chain Planner is used to group planned purchase orders from California wineries to full truckloads. When the routing for the truck is confirmed, purchase orders are created automatically. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Art Edelstein Director of Purchasing "The Planner has dramatically reduced the time required to plan and issue purchase orders. Our buyers will be able to shift their focus from ordering to forecasting. We expect the improvements in productivity and inventory planning to contribute significantly toward our bottom line this year." Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Solutions, Inc. is a leading single-source provider of supply chain and warehouse management software. The company was founded in 1982 and has offices in Dedham, MA, Denver, CO, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, Irvine, CA, and St. Petersburg, Russia. Some of the company's clients include Alcatel, AT&T, Corporate Express, Champion Paper, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) , Honeywell, Methanex Methanol, Nortel, and Emery Waterhouse. The company's web address is solutions.com. -0- This press release may contain certain 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. , e.g. "expect," "projected," within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. Celerity Solutions cautions readers not to place undue reliance on any forward looking statements, which speak only as to management's expectations on the date hereof. Celerity does not undertake - and specifically declines any obligation - to publicly release the result of any revision which may be made to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events. CONTACT: Celerity Solutions, Inc. Melisa Silverman 714/260-0600, ext. 126 |
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