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i2 Cycle Time Optimization Empowers Retailers to Shorten Product Lifecycle from Concept Through End of Life
During the National Retail Federation’s 97th Annual Convention and Expo, i2 Technologies Inc., (NASDAQ:ITWO), the supply chain results company, is sharing solutions and recommendations for retailers looking to reap the benefits and balance the challenges of private label manufacturing. To accurately predict and capitalize on fashion trends and regional preferences, retailers must reduce cycle times so that they can delay decisions as close to the start of the selling season as possible. i2 Cycle Time Optimization is a solution retailers can use to react to fashion trends more quickly, optimize and manage spend across the supplier base, and reduce distribution and handling costs as well as reduce inventory while maintaining superior customer service levels.
Capitalizing on Current Market Trends
While private labeling offers retailers higher profit margins and greater product control, it's a big financial risk that comes with a host of supply chain complications. For example, when a major shoe retailer decided to launch its own version of the popular UGG® boot, it had not fully planned the product with suppliers and manufacturers and, as a result, didn't have the capacity to produce, distribute and market the product before the trend was waning.
According to Gartner, “There are two aspects to gaining competitive advantage in the market: Predict and optimize outcomes, and do analytics of all kinds (including optimization) with less cycle time. Respondents believe that they are more advanced in both areas than they actually are, thus making them less competitive than they might be. Therefore, investment in predictive and real-time capabilities is required to gain competitive advantage.” Source: Gartner, Inc., “Manufacturer/Retailer Beliefs About Analytical Capabilities Underscore Need for Increased Dialogue,” by Dale Hagemeyer, October 2, 2007.
i2 currently works with retailers to implement solutions such as i2 Cycle Time Optimization
to overcome these challenges and deliver the competitive advantage companies are looking for. The solution is designed to reduce concept–to-store cycle time by creating capacity constrained product plans to synchronize with in-store assortment plans, pre-position key raw materials and optimize inventory (finished and raw material) throughout the value chain, and reduce distribution and handling costs. The entire value chain is connected through the cycle time optimization solution using an integrated retail and supply chain planning process.
“Private label manufacturing is not a trend in the retail industry any more – it is an imperative in order to compete with the pace of the industry and capture customer demand when and where it is most important,” said i2 Executive Vice President of Retail and Consumer Industries Chuck Kramer. “There is consistent growth in the penetration of private label products and an increasing margin of our customers’ sales.”
NRF attendees can meet with i2 executives during the event in booth no. 2205. For more information on i2 Cycle Time Optimization please visit www.i2.com
About i2
Throughout its 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross section of industries; 20 of the AMR Research Top 25 Global Supply Chains belong to i2 customers. Learn more at www.i2.com.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2’s solutions, a customer's ability to implement or integrate those 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 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 November 6, 2007 and the Annual Report on Form 10-K filed March 30, 2007.
For more information please contact:
Kirsten Monberg
i2 Corporate Communications
Kirsten_monberg@i2.com
469-357-4966
Capitalizing on Current Market Trends
While private labeling offers retailers higher profit margins and greater product control, it's a big financial risk that comes with a host of supply chain complications. For example, when a major shoe retailer decided to launch its own version of the popular UGG® boot, it had not fully planned the product with suppliers and manufacturers and, as a result, didn't have the capacity to produce, distribute and market the product before the trend was waning.
According to Gartner, “There are two aspects to gaining competitive advantage in the market: Predict and optimize outcomes, and do analytics of all kinds (including optimization) with less cycle time. Respondents believe that they are more advanced in both areas than they actually are, thus making them less competitive than they might be. Therefore, investment in predictive and real-time capabilities is required to gain competitive advantage.” Source: Gartner, Inc., “Manufacturer/Retailer Beliefs About Analytical Capabilities Underscore Need for Increased Dialogue,” by Dale Hagemeyer, October 2, 2007.
i2 currently works with retailers to implement solutions such as i2 Cycle Time Optimization
to overcome these challenges and deliver the competitive advantage companies are looking for. The solution is designed to reduce concept–to-store cycle time by creating capacity constrained product plans to synchronize with in-store assortment plans, pre-position key raw materials and optimize inventory (finished and raw material) throughout the value chain, and reduce distribution and handling costs. The entire value chain is connected through the cycle time optimization solution using an integrated retail and supply chain planning process.
“Private label manufacturing is not a trend in the retail industry any more – it is an imperative in order to compete with the pace of the industry and capture customer demand when and where it is most important,” said i2 Executive Vice President of Retail and Consumer Industries Chuck Kramer. “There is consistent growth in the penetration of private label products and an increasing margin of our customers’ sales.”
NRF attendees can meet with i2 executives during the event in booth no. 2205. For more information on i2 Cycle Time Optimization please visit www.i2.com
About i2
Throughout its 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross section of industries; 20 of the AMR Research Top 25 Global Supply Chains belong to i2 customers. Learn more at www.i2.com.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2’s solutions, a customer's ability to implement or integrate those 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 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 November 6, 2007 and the Annual Report on Form 10-K filed March 30, 2007.
For more information please contact:
Kirsten Monberg
i2 Corporate Communications
Kirsten_monberg@i2.com
469-357-4966