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JDA Software announces World's Largest Co-op Grocer & Convenience Store Chain Wins Institute of Logistics and Transport
JDA Collaborative Solution Enables Co-operative Retail Group to Improve Service Levels, Reduce Supply Chain Costs and Slash Delivery Times
Scottsdale, Ariz.- January 02, 2003 - JDA® Software Group, Inc. announced that its client Co-operative Retail Group, the world’s largest co-operative grocer and convenience store retailer, was named winner of the UK-based Institute of Logistics and Transport’s Annual Awards for Excellence 2002 for the Supply-Chain Logistics category. This award recognizes Co-operative Retail for dramatically improving product availability and supply chain efficiencies. The retailer uses JDA Portfolio® Marketplace Replenish™ in conjunction with Advanced Warehouse Replenishment by E3® to collaboratively manage inventory with over 20 strategic trading partners.
Describing the benefits achieved through its Collaborative Planning Forecasting and Replenishment (CPFR®) program, Lee Braddock, Co-operative Retail’s CPFR project manager, stated, “One of our partners significantly reduced distribution costs and cut lead times on deliveries by 50 percent. They also improved their already strong service levels. This equates to a savings of up to two days for each of the eight Co-operative Retail distribution centers, which supply more than 1,200 stores.”
Co-Operative Retail Establishes One-business Mentality with Support of JDA CPFR
Braddock also says that load fills for one of its trading partners increased from 23 to 26 pallets per delivery. Additionally, with more accurate forecasts, both organizations improved promotional planning and slashed inventory costs by lowering safety stock requirements.
“We’re extremely proud to be recognized for our CPFR achievements and we value our partnership with JDA,” stated Braddock. “By establishing a single, shared demand forecast to collaborate with our partners, JDA’s CPFR solution helps us carry out our corporate mission to create a one-business mentality that places consumers at the heart.”
Commenting on Co-operative Retail’s well-deserved recognition, Andrew Blatherwick, JDA’s vice president of European operations, stated, “Co-operative Retail and its trading partners have done an exemplary job leveraging each others strengths to create an integrated supply chain. The success of collaboration is based on real trust and the right technology to facilitate that trust. We are proud that Co-operative Retail is one of over 110 trading pairs relying on our Portfolio Collaborative solutions to achieve impressive ROI results.
The Co-operative Group also recently received commendations on its collaboration success as finalists for the UK’s Institute of Grocery and Distribution award, Logistics Europe’s Supply Chain Excellence Awards and Infoconomy’s Information Management Awards.
About JDA Software Group, Inc.
With more than 4,600 retail, wholesale and manufacturing clients in 60 countries, JDA Software Group, Inc. (Nasdaq:JDAS) is the global leader in delivering integrated software and professional services for the retail demand chain. By capitalizing on its market position and financial strength, JDA commits significant resources to advancing JDA Portfolio, its suite of merchandising, POS, analytic and collaborative solutions that improve revenues, efficiency and customer focus. Founded in 1985, JDA is headquartered in Scottsdale, Arizona and employs more than 1,200 associates operating from 29 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more details, visit www.jda.com , call 1-800-479-RETAIL (7382) or email firstname.lastname@example.org .
We do not believe this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Nevertheless, if remarks in this press release are considered to be ``forward-looking'' or to have forward-looking implications, such as any implication that other retailers will achieve improved efficiencies or profits comparable to those of Co-operative Retail Group using our solutions, we would remind our investors and prospective investors that future events may involve risks and uncertainties. Risks and uncertainties that may affect our business are detailed from time to time in the ``Risks Factors'' section of our filings with the Securities and Exchange Commission. As a result of these and other risks, actual results may differ materially from those predicted. We undertake no obligation to update information in this release.
"JDA,” “JDA Portfolio” and “Marketplace Replenish” are trademarks or registered trademarks of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name "JDA" is a trademark and/or property of JDA Software Group, Inc. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
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