Product category:
Supply chain planning and execution software
News Release from: i2 Technologies | Subject: Supply chain software
Edited by the Manufacturingtalk Editorial
Team on 22 September 2006
Software creates efficient supply chains
Consumer electronics companies need to increase the speed of innovation, speed new product introductions, and create flexible adaptive business processes that can quickly take advantage.
Rapidly growing consumer electronics companies continually face new challenges such as direct-to-consumer channel competitors, outsourced manufacturing options, and shrinking product lifecycles In order to compete and grow in this environment, consumer electronics companies need to increase the speed of innovation, speed new product introductions, and create flexible adaptive business processes that can quickly take advantage of market opportunities
This article was originally published on Manufacturingtalk on 14 Mar 2005 at 8.00am (UK)
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These new challenges require a new generation of supply chain solution.
Market leaders turn to i2 Technologies to develop flexible, efficient supply chains and create a competitive advantage through increased service levels at a lower cost.
i2 works together with industry leading companies such as Panasonic, Toshiba, Samsung and LG Electronics to help deliver the business value companies need to excel in this competitive landscape.
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Italy's largest aerospace and defence group is to implement supply chain and database management software to better manage a large number of supplier components.
Leveraging i2 New Generation solutions on the company's service oriented architecture (SOA), the i2 Agile Business Process Platform, these companies can face industry challenges with the necessary supply chain management tools for a competitive advantage.
These tools deliver benefits and capabilities such as improved vendor-managed inventory (VMI) and point-of-sale (POS) analysis capabilities, the ability to better collaborate with retailers, better handling of short product lifecycles and obsolescence issues as well as combat the high costs of transportation and international sourcing challenges.
Typical consumer electronics companies are specifically challenged by product shortages, excess finished goods inventory, an inefficient inventory mix and a month-end shipping peak.
Working together with i2, these companies can automate business processes to reduce inventory levels and gain advance visibility into promised orders.
More importantly, these companies can improve customer service levels and grow revenue and market share while lowering their total cost of goods sold.
Samsung Electronics has deployed one of the most comprehensive i2 footprints in the consumer electronics industry including several i2 New Generation solutions, which are deployed across multiple divisions of the company for capabilities such as factory planning, demand fulfillment, supplier collaboration, sales and operations planning, sourcing, master data management and business process management.
Leveraging i2 solutions, Samsung reports that it has substantially reduced its inventory as well as significantly increased its on-time delivery and forecast accuracy.
The company has also been able to leverage significant improvements in its supply chain execution and response to market conditions through its deployment of i2 solutions.
"Companies that do not leverage their supply chain for a competitive advantage will be left behind as this market continues to grow and innovate at an exponential rate," said Steve Estrada, i2 senior vice president and general manager of Consumer Industries.
"When making tough business decisions in this new landscape, such as when and how to launch new products, how to boost customer service, drive effective promotions, or how to improve revenue and market share, industry leaders are turning to new generation solutions that can quickly and efficiently drive business process improvements and bottom line results.
i2 is proud to work with some of the industry's best in the business to provide solutions that address their toughest industry challenges." * About i2 - i2 helps business leaders make better supply chain decisions.
i2's flexible new generation solutions are designed to synchronize demand and supply across ever-changing global business networks.
i2's innovative supply chain management tools and services are pervasive in a wide cross-section of industries; 20 of the AMR Research Top 25 Global Supply Chains belong to i2 customers.
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