SCM suite implemented at three SEM divisions at one time
DALLAS and SEOUL --
August 9, 2004i2 Technologies, Inc. (OTC: ITWO), a leading provider of closed-loop supply chain management solutions, today announced that Samsung Electro-Mechanics Corporation (SEM) has deployed i2 Supply Chain Management (SCM) in order to improve supply chain visibility.
SEM has implemented i2’s solutions at the same time in three of SEM’s divisions: Multi-Layered Ceramic Capacitor (MLCC) division, Ball Grid Array (BGA) division, and Optical Pickup Device division. SEM’s goals in this project are to improve on-time delivery ratio, inventory level, and forecast accuracy by shortening planning cycle time from monthly basis to weekly by applying the i2 SCM solution suite.
“We believe i2 SCM gives us the opportunity to highly improve our business practice,” said Bang Hwan Chung, vice president (CIO) of SEM. “By using i2 SCM, we intend to install a unified global business process in three divisions, which would be a very difficult job without i2 SCM. We will pursue process innovation and believe we gain global competitiveness with i2 SCM.”
SEM deployed i2 SCM, which includes i2 Demand Manager, Supply Chain Planner, Factory Planner, and Demand Fulfillment. The project ended in early 2004 and this is the first i2 go-live for SEM. The company is now implementing i2 SCM in three additional divisions. SEM’s main customer is Samsung Electronics, which has been using i2 since 1997. Both companies are in the Samsung Group.
“Samsung is a world leader in electronics and devices. As its business grows rapidly, leveraging its vertical integration is becoming a key differentiator against competitors. Samsung has moved one step closer to optimizing its supply chain as SEM goes live with i2 SCM. We are very pleased with what we accomplished with the SEM team,” said Won-Joon Hyoung, leader of i2 Korea.
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About SEM
Samsung Electro-Mechanics (SEM) was established in 1973 as a manufacturer of key electronic components, and the company has grown into a worldwide leading electronic parts maker, thanks to cutting-edge technology and top product quality. SEM concentrates on manufacturing chips, multi-layer printed circuit boards (MLBs), mobile communications components, optical and digital components. In 2003, it recorded revenues of 2.6 trillion Korean won (2.3 billion USD).
For more information, please visit the web site, http://www.sem.samsung.com.
About i2
A leading provider of closed-loop supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize 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 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 Quarterly Report on Form 10-Q filed May 10, 2004 and the Annual Report on Form 10-K/A filed on March 17, 2004. i2 assumes no obligation to update the forward-looking information contained in this news release.
For further information, please contact:
Wataru Doi
i2
+81-3-6409-1433
wataru_doi@i2.com
Kirsten Monberg
i2
469-357-4966
kirsten_monberg@i2.com
