Descartes Unveils Descartes for High Tech Enterprise Suite to Asia's High Technology Business Leaders in Japan.Business Editors/High-Tech Writers TOKYO--(BUSINESS WIRE)--April 7, 2004 More than 200 attendees hear how solution addresses the logistics and supply chain challenges of the high technology industry Today in Tokyo at the Performance Driven Enterprises in High Tech seminar, 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 solutions, unveiled the Descartes for High Tech(TM) enterprise suite to Asia's high technology business leaders in Japan. With more than 200 attendees registered for the seminar, Descartes demonstrated the capabilities of its industry-focused solution in helping high technology manufacturers gain competitive advantage through the end-to-end management of inbound and outbound logistics processes. Addressing the crowd, Descartes' chief executive officer and president, Manuel Pietra, noted, "Performance driven enterprises in high technology are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to reduce lead times and increase outbound product velocity and visibility, because agility is key. We designed the Descartes for High Tech enterprise suite to specifically meet the challenges of the high technology industry." Pietra explained how high technology manufacturers are gaining competitive advantage and driving performance within their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets through supply chain excellence. This was supported by several of Asia's industry leaders including Mr. Mizutani of ABeam Consulting ABeam Consulting is one of the largest consulting services firm in Japan. This company's previous name is Deloitte Tohmatsu Consulting, which is a member of Deloitte Touche Tohmatsu: Japan branch office. After the Enron scandal, this company changed its name, ABeam Consulting. , Mr. Tsuji of Mitsubishi Corporation Mitsubishi Corporation (三菱商事株式会社 and Mr. Fujimaki of The Japan Institute of Logistics Systems who spoke to how increased competition, short product life cycles and resulting pressure on product margins, require high technology companies to continually innovate their technologies and products, as well as business processes. Tackling these issues, the Descartes for High Tech enterprise suite features: - Global inventory visibility to help improve inventory planning and reduce obsolescence-related write-offs; - Real-time coordination and collaboration helping to coordinate supply chain logistics activities with suppliers and partners for improved supply chain velocity across trading lanes and geographies; and - Performance monitoring and measurement The Monitoring and Measurement (MOME) initiative is a coordinating action within the 6th framework of the European Commission. It is aiming at fostering knowledge on Internet monitoring tools and exchange of information about Internet data traces. enabling high technology companies to evaluate and more efficiently manage the performance of suppliers and carriers across the supply chain using sophisticated analytics and key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. . Some of the benefits of a synchronized supply chain include reduced inventory obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , lower cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold and improved customer service: - Control over operational costs by decreasing working capital tied up in buffer stock and in-transit inventory, and reducing the need to expedite late or failed shipments with early detection of logistics problems. - Improved customer service by quickly responding to customers' needs and improving the accuracy of delivery with panoramic visibility into the supply chain and ability to predict order failures before they happen and take corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or to ensure shipments arrive on time. - Minimize inventory obsolescence by speeding up the flow of inventory through improved supply chain processes that connect suppliers and trading partners throughout the manufacturing and distribution cycle. A part of the Descartes for Manufacturing(TM) industry solution set, Descartes for High Tech enables the synchronization of supply chain logistics with suppliers, logistics partners and customers across geographies. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of supply chain solutions. Helping companies reduce costs, save time, and enhance customer satisfaction, Descartes' integrated suite of services provides 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, manufacturing, transportation, third-party logistics, 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 contains forward-looking statements that relate to Descartes' product and service functionality and performance, potential benefits derived therefrom, Descartes' competitive position and other matters that may constitute forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes to differ materially from the anticipated results, performance or achievements implied by such forward-looking statements. Such factors include, but are not limited to, the 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. |
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