i2 SRM Deployed at Samsung to Analyze Corporate Spend Across 14 Global Divisions.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--March 24, 2004 Software Implemented in Just Seven Months to Analyze Spend from More Than 30 Instances Of SAP i2 Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ITWO ITWO I2 Technologies (stock abbreviation, AMEX) ), a leading provider of closed-loop supply chain management solutions, and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange :IBM) today announced that Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. Company, Ltd., has deployed i2 Supplier Relationship Management (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ) to analyze spend and evaluate suppliers. The implementation is a part of Samsung's integrated supply management strategy and is an expansion of its existing work with i2, which includes the implementation of over a dozen i2 products. Samsung reports that i2 SRM allows it to roll up $16 billion in spend from more than 30 instances of SAP. The spend analysis fact table alone has 200 million rows and occupies a 30 gigabyte database. Samsung began the project with the intent to form a Global Commodity Council at Samsung and analyze spend on connectors to establish processes and test the business case for spend analysis. This led to the large-scale deployment of i2 SRM across all 14 Samsung divisions, a project that took just seven months to complete. "We have leveraged i2 solutions since 1997 and this recent deployment builds upon the successes we have already experienced. i2 SRM gives us unprecedented visibility into our spend across the enterprise," said Dong-Wook Min, former chief purchasing officer and vice president of Samsung Electronics and current vice president of Samsung Japan Corporation. "This will help our commodity managers better plan sourcing strategies, and our buyers execute purchases from the best suppliers." Samsung reports that 1000 users can now immediately view and examine actual spend by organizations, commodities, suppliers, and time. The spend analysis in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with supplier metrics, such as on-time delivery and quality, help users to make decisions to make the best buying decisions. The i2 SRM system also automatically categorizes suppliers based on performance and looks at the criticality of the category that each vendor supplies, allowing Samsung to determine sourcing strategies. "Through groundbreaking supply chain management practices, Samsung has been able to surpass its initial objectives and take its business to a new level. Working with top notch teams at both IBM Business Consulting Services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and Samsung, we were able to deliver this customer the value it was seeking," said Sam Nakane, i2 president, Greater Asia-Pacific Region. "Once again, our teams have been able to deliver value in a short time frame and provide sustainable business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. process improvement and leverage the IBM procurement transformation experiences and our well-honed SRM methodology," said Dr. Jeenyoung Kang, Industrial Supply Chain Management leader, IBM Business Consulting Services, Korea. About Samsung Samsung Electronics Co., Ltd. is a global leader in telecommunication technology. SAMSUNG Electronics employs approximately 75,000 people in 89 operations in 45 countries. The company is the world's largest producer of CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. mobile phones. SAMSUNG Electronics consists of five main business units: Digital Media Business, Semiconductor Business, LCD Business, Telecommunication Business and Digital Appliance Any apparatus controlled by a computer. It may refer to an actual household appliance (coffee maker, toaster, etc.) that is computerized, but often refers to a handheld device such as a pager, cellphone or PDA. See Internet appliance. Business. Since 1997 SAMSUNG has been the Olympic Partner in the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. equipment category. For more information, please visit the Web site, http://www.samsung.com About IBM Business Consulting Services With consultants and professional staff in more than 160 countries globally, IBM Business Consulting Services is the world's largest consulting services organization. IBM Business Consulting Services provides clients with business process and industry expertise, and the ability to translate that expertise into integrated, adaptive, on demand business solutions that deliver bottom-line business value. For more information visit www.ibm.com/bcs. About i2 A leading provider of closed-loop supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize See synchronization. activities involved in successfully managing supply and demand. i2's global customer base consists of some of the world's market leaders -- including seven of the Fortune global top 10. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com. i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc. i2 Cautionary Language This press release may contain 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 including forward-looking statements regarding the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Annual Report on Form 10-KA filed on March 17, 2004. i2 assumes no obligation to update the forward-looking information contained in this news release. |
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