Celerity Solutions Unveils Advanced Supply Chain Planner for Windows NT.CONCORD, Mass.--(BUSINESS WIRE)--April 30, 1998--Celerity Solutions, Inc. (Nasdaq:CLTY), a leading single-source solution for supply chain and warehouse management software, today announced the launch of its advanced planning product, Supply Chain Planner (SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. ), which is based on a patented planning algorithm. SCP 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. SCP, which communicates with execution systems using a published set of messages, will be offered as a stand-alone product as well as part of Celerity's Continuum suite of supply chain management products. SCP will be distributed through Celerity's direct sales force as well as through implementation partners. "One of the most important and integral elements of SCP is our patented planning algorithm," stated Richard Sheflin, vice president of product development. "This algorithm allows us to process more than 200 complete plan calculations per second, synchronizing synchronizing, n a technique that a therapist uses to coordinate his or her breath with that of the client; builds trust and establishes relationship. order management, inventory control and warehouse management systems. In addition, SCP's message-based architecture will allow the product to easily be integrated with existing distribution applications. We anticipate that implementing SCP will enhance the efficient operation of our clients' supply chain systems." "With the introduction of SCP, Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit has become one of the first supply chain management companies to integrate supply and transportation planning Transportation planning is the field involved with the siting of transportation facilities (generally streets, highways, sidewalks, bike lanes and public transport lines). , `available to promise,' and `warehouse flow-through' processes, stated Luda Kopeikina, Celerity Solutions' chief executive officer. "We have completed one installation of SCP and are in the process of installing the product at three additional client companies. We are pleased with the enthusiastic response we have received from the market about SCP's ability to reduce inventory, save costs and improve customer service." SCP is a real-time, event-driven planning tool. It instantly responds to each change in supply, demand and planning rules. Each of these changes generates a message to a planning server which then re-evaluates the supply plan. Planned orders are updated automatically. The planner is notified immediately if manual intervention is indicated. SCP develops a supply plan based on a model of the client's supply chain. This model includes locations, forecasted and actual demand, sourcing rules, lead times, shipping constraints, calendars, order, safety stock and excess stock policies. In addition, transportation planning and load building facilities are integrated into the planning tool. Celerity 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 methanol, methyl alcohol, or wood alcohol, CH3OH, a colorless, flammable liquid that is miscible with water in all proportions. Methanol is a monohydric alcohol. It melts at −97. , Nortel, and Emery emery: see corundum. emery Granular rock consisting of a mixture of the mineral corundum (aluminum oxide, Al2O3) and iron oxides such as magnetite (Fe3O4) or hematite (Fe2O3). 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 EXT Extension EXT Extended EXT External Ext Extraction EXT Exterior (screenwriting) EXT Extinguisher EXT Extruded EXT Extinguished EXT Exeter, England, United Kingdom - Exeter (Airport Code) . 126 |
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