Descartes Shares Vision for the Real-Time Supply Chain.Business Editors/High-Tech Writers BOSTON--(BUSINESS WIRE)--Dec. 9, 2003 Company Uniquely Positioned to Capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. Real-Time Supply Chain Opportunity Today at Descartes Directions(TM), an annual event for the media, industry and analyst communities, The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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 supply chain services, shared the Company's vision of the transforming supply chain and how Descartes is uniquely positioned to capitalize on the real-time supply chain opportunity. "The supply chain solutions market is undergoing a significant shift," noted Manuel Pietra, Descartes' chief executive officer and president. "More and more, distribution-sensitive companies are looking to rapidly assess and make supply chain decisions based on dynamic visibility into inventory, orders, assets and shipments. Agility has become key, and flexibility paramount to meeting customer demand in real-time. The result is a driving need for the real-time supply chain." Addressing the crowd, Pietra highlighted how breakthroughs in mobile worker applications and advancements with collaboration technology, among other areas, are impacting the supply chain: "Wireless networks are solidifying. Devices such as RFID tags and GPS units on trucks are quickly becoming more prevalent. The Internet and instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or are making business synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. faster and more reliable than ever before. In short, advances in technology are making real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. cost-effective to incorporate into business processes." Continued Pietra: "As technology continues to move forward, distribution-sensitive companies are seeking out integrated solutions for real-time control Real-time control is a popular term for a certain class of digital controllers. For effective digital control, it is critical that sample time be constant. Real-time control achieves nearly constant sample time. See also
Enabling Descartes to act upon the real-time supply chain opportunity, Pietra briefly discussed how the company's solutions architecture, the Logistics Network Operating System An operating system that is designed for network use. Normally, it is a complete operating system with file, task and job management; however, with some earlier products, it was a separate component that ran under the OS; for example, LAN Server required OS/2, and LANtastic required DOS. (TM), offers solutions that go well beyond traditional point applications to provide customers with an integrated, end-to-end suite that could combine business document exchange and mobile and wireless applications with end-to-end supply chain execution applications, such as transportation management, routing and scheduling and inventory visibility. Commented Pietra, "Descartes is focused on providing integrated solutions to companies that have a critical need to dynamically manage and act on real-time information. As a standards-based operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , the Logistics Network Operating System enables us to deploy and market an integrated suite of services more quickly by providing a consistent development and deployment platform for our applications. Ultimately, we believe the Logistics Network Operating System has the potential to be the standard for companies looking to embrace the real-time supply chain." Today at Descartes Directions, a forum bringing together members of the media, industry analyst and financial communities, Descartes is sharing additional insight into the company's business strategy and development plans for the next year and demonstrate how, through continued momentum, Descartes is poised to embrace and lead the real-time supply chain market. More information about Descartes Directions, including registration details for the media, industry and financial analyst communities can be found at www.descartes.com/descartes_events/directions/. Taking place in Boston, MA, the event will also be available via audio Web cast at www.descartes.com. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of supply chain services. Helping companies reduce costs, save time, and enhance customer satisfaction, Descartes' integrated suite of services provide connectivity and document exchange, route planning and wireless dispatch, inventory and asset visibility, transportation management, and warehouse optimization. Enabling distribution-sensitive companies in industries such as retail, consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one , manufacturing, transportation, 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. , and distribution to optimize and gain real-time control of their inventory and assets; Descartes services are used by more than 2,500 customers in over 60 countries. 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 includes forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future performance. These forward-looking statements include expectations surrounding the demand for Descartes' products and the market opportunity for those products, expectations of strategies related to the services model, expectations as to customer acceptance, adoption and continued use of Descartes' solutions, expectations as to the supply chain market moving towards real-time solutions, expectations as to Descartes' positioning to capitalize on market trends in the supply chain market, and expectations as to Descartes' market focus. These statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from expectations; in particular, the successful implementation and market acceptance of Descartes' pricing and revenue model, demand for real-time supply chain solutions, development of alternate technologies by competitors and other 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. . The company disavows and disclaims any obligation to update or supplement any of these forward looking statements as a result of changing circumstances or otherwise. |
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