i2 Announces Successful Deployment Of Solutions At National Semiconductor
These solutions are designed to increase inventory turnover while improving customer due date performance and contributing to National Semiconductor's overall goal of enhancing customer service and reducing overhead.
"In 1999 we embarked on a supply chain initiative to optimize our supply chain activities through a systematic, focused and phased approach using i2 SCM solutions. To date, this initiative has resulted in a net inventory reduction of $59 million, a 55 percent reduction of obsolete inventory expense and net inventory improving from 3.48 to 5.17 turns," said Si Gutierrez, vice president of central planning & production control, National Semiconductor. "i2 has been a trusted advisor throughout the process of rolling out our supply chain initiatives, and we look forward to furthering our success together."
The i2 solutions are designed to integrate all levels of the company's planning with the goal of streamlining all disparate systems to share the same processes and data.
Additionally, National Semiconductor intends to improve customer service through increased delivery performance as well as integrating its inventory and planning activities.
Inventory Planner and Supply Chain Planner are central components to this initiative, and National Semiconductor reports it has already realized an 85 percent reduction in forecast cycle time.
"Working with our customers on ongoing projects where we can positively impact their business processes presents us with the ideal situation for our teams and products to show their strength," said Pallab Chatterjee, i2 president, Solutions Operations. "Industry thought leaders such as National Semiconductor are paving the way for the future by making these investments now."
About i2
A leading provider of end-to-end supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. More than 1,000 of the world's leading companies, including seven of the Fortune global top 10, have selected i2 to help solve their most critical supply chain challenges. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com.
i2 is a registered trademark of i2 Technologies US, Inc. and its subsidiaries.
About National Semiconductor
National Semiconductor is the premier analog company driving the information age. Combining real-world analog and state-of-the-art digital technology, the company is focused on analog-based semiconductor products, which include stand-alone devices and subsystems in the areas of power management, imaging, display drivers, audio, amplifiers and data conversion. The company targets key markets such as wireless, displays, information infrastructure and a broad range of portable applications.
With headquarters in Santa Clara, California, National reported sales of $1.5 billion for its most recent fiscal year. Additional company and product information is available on the World Wide Web at www.national.com.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties including forward-looking statements regarding the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. 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, (with respect to risk factors only) particularly the Form 10-K filed April 1, 2002 and Form 10-Q filed April 29, 2002. i2 assumes no obligation to update the forward-looking information contained in this news release.