Manugistics Group, Inc. (NASDAQ: MANU), a leading global provider of demand-driven supply chain management solutions, has announced its new, licensable version of the NetWORKS Transport Request For Quotation (RFQ) solution, which will be commercially available in early 2005.
The new solution addresses additional business needs by providing clients the ability to own and manage the RFQ process and adds further flexibility to the currently-available hosted offering. RFQ is designed to address such industry challenges as freight capacity, as well as the ever-changing regulations and cost components of the industry.
"Too often overlooked in the drive to reduce transportation costs is the importance of freight sourcing and procurement," said Dwight Klappich, vice president at META Group, a leading provider of IT research, advisory services and strategic consulting. "In today's economy and competitive landscape, companies do not have months to go through the traditional manual RFQ and evaluation process. Companies need real-time solutions that will help facilitate and accelerate the bid-management process, giving them more time to spend on analysis rather than collecting data."
The currently available hosted RFQ solution, as well as the new licensed RFQ product, provide carriers and shippers the ability to reduce both time and cost; improve asset utilisation and demand forecasting for carriers; ensure carrier compliance and have access to up-to-the-minute pricing information, as well as contingency planning information in case of a natural disaster or an employee strike.
"Carriers and shippers need to be able to access information quickly and respond efficiently to bids," said Rod Strata, Vice President and General Manager of Manugistics' Transportation and Logistics Group. "Manugistics' clients use our Logistics Procurement Solutions to create real value that will improve their bottom line."
Last quarter, Manugistics signed a number of new clients using the company's transportation and logistics solutions including:
Exide Technologies, a global leader in stored electrical-energy solutions, who uses Manugistics' RFQ product to procure transportation needs; and
A global technology leader in the design, manufacture and customer support of high-quality truck nameplates, who is implementing Manugistics' Transportation solution to plan and optimise inbound transportation of product components from suppliers.
"Our solutions help clients go beyond daily planning using a more strategic approach in their decision process resulting in significant improvement to their overall operational efficiency," said Strata.