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JDA Software to Unveil The Next Generation in Inventory Management for Food Retailers at Marketechnics® 2003
JDA Creates Grocery-Specific Portfolio to Address Industry’s Unique Challenges
Scottsdale, Ariz. - February 20, 2003 - JDA Software Group, Inc. will unveil the next generation of JDA Portfolio® solutions for food retailers in Booth #2024 at the Food Marketing Institute’s Marketechnics® 2003 show at the Dallas Convention Center on February 23-25. By teaming with Meijer, Inc., H.E. Butt Grocery Company and other food retailers to drive its functional design, JDA is poised to deliver several new applications within its host transaction management software, Portfolio Merchandise Management™. In addition to the first packaged solution to address grocers’ complex inventory management issues, JDA will also demonstrate its latest innovations in shelf, assortment and category management, replenishment and supply chain processes such as Collaborative Planning Forecasting and Replenishment (CPFR).
“On top of razor thin margins and meticulously controlled labor costs, the food industry is relentlessly competitive. More formats than ever are vying for the dollars that consumers spend on their food shopping trips, which average 2.2 times weekly,” commented Peter Charness, JDA’s chief product officer and senior vice president of marketing. “We are proud to be at the forefront of delivering solutions that enable retailers to gain better visibility and control over their inventory investment while ensuring the freshest, highest quality and most desired products on a localized basis are available for consumers.”
Food Retailers to Maximize Control, Drive Margins of Perishables
According to Charness, grocers have long struggled with inventory management due to the special handling and attention that a vast amount of their products require. For example, perishable goods drive over half of a store’s sales plus serve as a key competitive differentiator as consumers place high regard on the freshness, selection and availability of produce, meat, bakery and deli items. JDA’s new Recipe and Transformation Management application within Portfolio Merchandising will help retailers dynamically manage product assortments, in store merchandising and pricing of perishables, including fresh and transformed products.
“By addressing complex details ranging from random weight to unit measurement changes and portions to ingredients and prep/cook/finish time, grocers will finally be able to track on hands, sales velocity, spoilage and direct profitability of any perishable product at any time to lower their operational costs and drive margins,” comments Charness.
JDA’s Recipe and Transformation Management application will be part of the Portfolio Merchandise Management 2003.G.0 release, which is planned for limited release to food retailers in June 2003.
This product version will also include other functionality significant for grocers including:
· CASE PACK MANAGEMENT - Improves grocers’ visibility of DC inventory by maintaining, processing and viewing inventory by case quantity, number of inner packs, buy unit of measure, inventory unit of measure, inner pack inventory units and inner pack count in sell units.
· PRICING - Enables grocers to maintain inventory at the primary sell unit of measure while pricing products the ways that grocers sell them: by the pound, kilogram and each. Also supports other unique pricing needs such as matrix pricing or rules for zones and/or store locations, expert pricing, competitor specific pricing strategies as well as electronic and paper coupon management.
· SOFT CODE SKUs - Supports soft coding of inventory transactions for a specific classification of SKU’s. This helps grocers with expense and supply items as well as when balancing branded and private label penetration by assigning unique characteristics to isolate private label products.
· PRODUCT COST METHODS - Provides grocers greater flexibility to choose its product cost method (i.e. on average, on current, etc.) by product hierarchy
For more information or to schedule an appointment at Marketechnics® contact JDA at 1-800-479-7382 or email@example.com . JDA also encourages conference attendees to stop by its booth #2024 for a free copy of its white paper, “Grocery Survivor Skills for the 21st Century” and enter a drawing for a special prize.
About JDA Software
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 31 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more information, visit www.jda.com .
This press release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to: Mr. Charness’s statement that our product will ensure the freshest and most desired products on a localized basis, our products’ ability to track product inventories and lower operational costs to increase margins, and our projected limited release date for the Recipe and Transformation Management application, and any implication that further sales of this application will result in license fee revenues for JDA. Future events may involve risks and uncertainties, including, but not limited to: whether we can successfully sell the Recipe and Transformation Management application to other clients, the fact that the application is not yet complete and is untested; and other risks detailed from time to time in the “Risk 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 “Portfolio Merchandise Management” are registered trademarks of JDA Software Group. Any trade, product or service name referenced in this document using the name "JDA" is a trademark and/or property of JDA Software Group. 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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