Cheil Jedang GLS Successfully Deploys Descartes Visibility For CAS Corporation; Korean Electronics Manufacturer to Reduce Logistics Costs.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--April 9, 2002 The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ), (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ), a trusted provider of logistics solutions, announced today that third-party logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. provider Cheil Jedang Global Logistics Service (CJ GLS You can assist by [ editing it] now. ) has successfully deployed the Descartes Global Visibility and Inventory Control solution for CAS Corporation (CAS), a leading global supplier of electronic scales based in Korea. The Descartes led implementation team successfully completed the visibility project within four months to deliver a fully operational solution to CAS. A third-party logistics provider and a division of Cheil Jedang, the largest consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and company in Korea, CJ GLS specializes in logistics services for domestic companies and multinationals in the high tech, consumer goods and chemical industries. In August 2001, CJ GLS selected the Descartes solution to improve the value of its services with the objective of increasing the use of its logistics services by Cheil Jedang's large and diverse customer base. Today, CJ GLS is connected to the Descartes Global Logistics Services Network(TM), which acts as its logistics information line between its customers and carriers. Using Descartes Global Visibility and Inventory Control solutions, the Company can access real-time logistics information from the Descartes network to proactively monitor and manage its customers' supply chains. CJ GLS recently launched the Descartes solution for CAS, one of the largest manufacturers of electronic scales in the world. Using Descartes technology, Cheil Jedang gained visibility into the movement of all of CAS' exports from Korea to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This capability is helping them reduce inventory levels across their supply chain, which will enable them to rationalize and optimize CAS distribution centers in the United States and reduce logistics costs. "With access to real-time information about our customers' supply chains through the Descartes Global Logistics Services Network, we gain better visibility of in-transit inventory and are able to control, measure and optimize supply chain performance," said Gae Won Chang, senior manager at CJ GLS. "For CAS, we will now be able to better manage inventory levels across their supply chain and capture available cost savings for the company." "Logistics service providers around the world continue to strengthen their services portfolios and attract new customers with Descartes technology," said Mel Steinke, Descartes' president of customer and network operations. "For CJ GLS, Descartes solutions are part of the Company's overall growth strategy and is already showing results, with one customer implemented and a second customer close behind." CJ GLS is using Descartes 20/20 Visibility(TM) - a part of the Descartes Global Visibility and Inventory Control solution suite that also provides access to the Descartes Global Logistics Services Network. The CAS implementation began in December 2001, and was completed at the end of March 2002. About Cheil Jedang Global Logistics Service CJ GLS was separated from its parent company in March 1988 as a specialized logistics service provider of the Cheil Jedang Group. CJ GLS entered the logistics market as a third party logistics service provider in food, consumer products, and pharmaceuticals based on their logistics know-how and the distribution network built over the last 50 years for Cheil Jedang, the biggest food and consumer product goods company in Korea. Despite its short history, CJ GLS is now one of the leading companies in the third party logistics services industry with more than 100 customers handling some 160 million boxes of logistics traffic annually. For more information, visit www.cjgls.co.kr. About CAS CAS Corporation is the leading supplier of electronic scales in the Korea market with over 70% market share. Since its founding in 1983, the company has grown rapidly during the past 17 years, expanding its geographic sales coverage to more than 100 countries worldwide. With one of the most modern production and distribution networks in the world today, CAS is fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to customer service and support on a GLOBAL scale. For more information, visit www.cas.co.kr. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSE:DSG) is a trusted provider of logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet technology. With over 4,500 customers in over 60 countries, Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations such as Coca-Cola bottlers worldwide, Comet Group plc Comet, founded in 1933 by George Hollingberry in Hull as Comet Battery Stores Limited, is now a wholly owned subsidiary of KESA Electricals plc specialising in electrical retailing. In 2003, Comet demerged from Kingfisher plc to form a new group under the KESA umbrella. , CVS/pharmacy, Danzas, Gist, John Lewis Partnership, Mitsui USA, and Old Dominion. For more information, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. This release contains statements that may relate to Descartes' product and service functionality and performance, potential benefits derived therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. (including operational efficiencies), the suitability of Descartes' products and services for specific customers, Descartes' competitive position and other matters that may constitute 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. Descartes' actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . |
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