Freeborders Announces Global Rollout of Proven Fabric Management Solution; Levi Strauss & Co. Expands Software To Additional Mills Worldwide.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--April 3, 2001 Freeborders, a leading provider of Collaborative Product Management(TM) (CPM) solutions for the global retail industry, has announced the rollout of CPM Component(TM), the raw materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, software that delivers immediate ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). to the $800 billion global textile and apparel industry. Tested over a three-year period, CPM Component is now commercially available to global brands and manufacturers as of April 2, 2001. In 1997, Levi Strauss
Levi Strauss, born Löb Strauß & Co., one of the world's leading branded apparel companies, successfully implemented Freeborders' CPM Component solution with nine of its largest textile mills, including Burlington Industries, Cone Mills, Galey & Lord and Swift Denim. As a result, significant improvements in quality and productivity were realized over the three-year period. In an effort to extend these gains, Levi Strauss & Co. now plans to expand the use of CPM Component with additional mills globally. "Freeborders' CPM solution provides better communications throughout the development process which results in improved quality and consistency of our products," stated Dutch Leonard, President Denim, Burlington Industries. "Having used Freeborders' software for several years, we have decreased development costs, increased productivity and delivered our products to market faster." Freeborders' web-based technology delivers significant value and immediate ROI through streamlined communication, standardized workflow, aggregated data, and real-time management of product development, production and delivery decisions, allowing buyers to move product from concept to market more profitably. According to a recent study conducted by Kurt Salmon Associates (KSA KSA Kingdom of Saudi Arabia KSA Korean Student Association (student organization providing cultural awareness and community empowerment) KSA Knowledge, Skills & Abilities KSA Knowledge, Skills and Attitudes KSA Korean Standards Association ), there is as much as $34 billion in potential supply chain savings in the US apparel industry alone. "Levi Strauss & Co. has always been a recognized leader in quality. Freeborders' CPM solution enables them to improve productivity while maintaining an even tighter control on their overall quality," said Ramsey Walker, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. USA, Freeborders. "We are committed to delivering value to the global retail industry and an agreement with a world-class company such as Levi Strauss & Co. is a strong endorsement of our software solution," he added. About Freeborders Freeborders, headquartered in San Francisco with offices in the United States, Europe, Mexico and Asia, has developed a web-based collaborative software solution that addresses specific inefficiencies in the supply chains of global retailers. This proprietary design-to-delivery(TM) platform focuses on the critical activities across the softgoods supply chain and throughout the organization. Bottom line benefits are realized through reduction of inventory costs, operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , and time to market resulting in increased revenue. Freeborders solutions are used by over 250 customers in 26 countries including Liz Claiborne (NYSE NYSE See: New York Stock Exchange :LIZ), Levi Strauss & Co., Nike (NYSE:NKE NKE Nike, Inc. (stock symbol) NKE National Knowledge Exam (Canada) NKE NK2 Homeobox Factor-Binding Element NKE Northwest Kodály Educators NKE Network Kernel Extension ), L.L.Bean, Lands End (NYSE:LE), and Dillard's (NYSE: DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S ). For additional information, please visit www.Freeborders.com. |
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