Escorts Limited Implements i2 Solutions to Improve Inventory Position and Service Levels
December 14 2009 - 5:15PM
Business Wire
i2 Technologies, Inc. (Nasdaq: ITWO) today announced that
Escorts Limited, one of the leading manufacturers of tractors and
farm equipment in India, has implemented i2 Demand Manager and i2
Factory Planner as part of its first phase deployment of i2
solutions to optimize customer service and reduce inventory.
i2 Demand Manager and i2 Factory Planner significantly helped
address Escort Limited’s challenge of reducing its inventory in the
entire supply chain and bringing it to optimal levels for serving
its customers. Additionally, the solutions have improved the timely
delivery of products to the market by providing better forecast
visibility to Escorts Limited’s suppliers, improving asset
utilization and reducing the overall cost of managing the supply
chain.
“Managing and optimizing inventories is one of the most
financially impactful challenges companies face, and is a necessity
to remain competitive in today’s environment,” said Rohtash Mal,
executive director and chief executive officer, Escorts’ Agri
Machinery Group. “We chose to work with i2 because we’ve had a
successful long-term relationship with them. They know our
business. As we continue to implement i2 solutions during the next
few phases, we hope to achieve a planning process that tightly
integrates the market demand with the supply and factory planning
so as to enable us to serve our customers better.”
With inventory optimization currently underway, Escorts Limited
reports that its ability to synchronize its sales and operations
plans puts the company in a better position to make an enhanced
value proposition to its customers.
“I am extremely delighted that i2 and Escorts share an enduring
partnership of more than a decade, and I am confident this new
initiative will propel Escorts into the next orbit of its supply
chain management journey,” said Anant Mahale, country leader, i2
India.
About Escorts Limited
Escorts Limited, the flagship company of The Escorts Group is a
leading manufacturer and supplier of Agri Machinery Products,
Construction Equipment, Auto Suspension, Automotive Components, and
Railway Equipment. Learn more at www.escortsgroup.com.
About i2
Throughout its more than 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. Learn more at www.i2.com.
i2 Cautionary Language
This press release contains forward-looking statements that
involve risks and uncertainties, including forward-looking
statements regarding i2’s management team and its ability to
deliver results to i2’s customers worldwide. 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 for the quarter
ended September 30, 2009 and the Annual Report on Form 10-K for the
year ended December 31, 2008. i2 expressly disclaims any current
intention to update the forward-looking information contained in
this news release.
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