Essar Steel Transforms Its Supply Chain Using i2 Planning Solutions
December 15 2009 - 5:15PM
Business Wire
i2 Technologies, Inc. (NASDAQ:ITWO) today announced that Essar
Steel, one of the largest global steel producers, has implemented
i2 planning solutions in its Indian operations to increase
profitability, enhance customer satisfaction and improve
operational efficiency.
“Essar’s partnership with i2 has led to significant enhancement
of Essar Steel’s overall supply chain management maturity,” said
Kalyan Ghosh, senior vice president of supply chain management at
Essar Steel. “Essar Steel is known for adopting best-in-class
technologies and IT solutions for better operational efficiency.
The IT solution provided by i2 meets our business objectives that
provide ability to anticipate and respond proactively to business
changes. This has in turn enhanced the capability of supply chain
management to meet business objectives.”
Key results include:
- Improved profitability through a
profit-optimized sales mix, synchronized order booking and planning
and execution
- Improved customer satisfaction
through better sales and operations alignment
- Improved critical asset
utilization through extended demand visibility, capacity projection
and better load balancing through advanced order planning
Additionally, forecast accuracy increased by nearly 30 percent
for domestic contract customers and the response time to customer
inquiries was reduced from two hours to six seconds.
“Essar’s transformation to an agile company through i2’s
engagement was possible through a combination of Essar’s vision and
top management direction, i2’s deep industry knowledge and the
involvement of key thought leaders during all critical phases,”
said Hiten Varia, i2 executive vice president and chief customer
officer. “We look forward to a continued partnership with Essar
Steel on their journey to supply chain management excellence.”
About Essar Steel
Essar Steel Limited, part of Essar Global Limited, is a fully
integrated flat carbon steel manufacturer—from iron ore to
ready-to-market products. Essar Steel has an expanding capacity of
14 million tonnes per annum (MTPA). Its products find wide
acceptance in highly discerning consumer sectors, such as
automotive, white goods, construction, engineering and
shipbuilding. Essar Steel produces highly customised products
catering to a variety of product segments and is India’s largest
exporter of flat products to the highly demanding US and European
markets, and to the growing markets of South East Asia and the
Middle East. It has invested in downstream capabilities to evolve
from being a product based company to becoming a value added
service provider. It has a global network of retail steel outlets,
called Steel Hypermarts, and offers services, like cutting,
slitting and blanking of steel sheets, through specialised Steel
Service Centres worldwide.
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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