Published:
PTT Chemicals Implements i2 Supply Chain Planning Solutions
DALLAS - (BUSINESS WIRE) - i2 Technologies, Inc. (NASDAQ:ITWO) announced today that PTT Chemicals,
one of the largest producers of petrochemicals in Asia, and the largest
in Thailand, has completed the implementation of i2 supply chain
planning solutions.
PTT Chemicals was seeking a world-class software solution to maximize
the efficiency of demand-supply planning and inventory deployment across
the PTT Polymer Group supply chain. The company chose i2 for its
expertise in the supply chain management space, as well as its ability
to understand and address PTT Chemical's business challenges.
The project with i2 was the first supply chain project involving
multiple PTT entities, including: PTT Chemicals, PTT PM (Marketing), PTT
PL (Logistics), BPE (Manufacturing) and PTT ICT (IT). In addition to
complex business requirements, PTT had set aggressive timelines to
complete the project and realize benefits. In less than 15 months i2 was
able to help PTT Chemicals overcome these challenges and achieve the
project goals identified for a successful solution implementation.
"We are impressed with i2's commitment to making the solution go-live as
well as its extended support until the solution stabilized," said Narong
Mongkolpoonsuk, vice president, PTT ICT. "The i2 solution has been able
to address our business needs and we are happy with the optimization
results and reports feature. We are confident that through our
partnership with i2 we will continue to track software usability beyond
the go-live and extend the solution scope to manage upcoming capacity
and meet our business requirements."
As a result of the implementation, PTT Chemicals was able to create a
well-defined end-to-end process workflow spanning demand planning,
master planning, production scheduling and order promising. Inventory
has reduced by 30 percent, the right stock has been made available and
the quality of production schedules has improved. A company-wide KPI
tracking system has helped improve transparency and visibility across
the organization. In addition, PTT Chemicals has the ability to evaluate
multiple alternate scenarios before selecting the appropriate
operational strategy.
"We are very impressed with PTT Chemicals' commitment to supply chain
management and look forward to working with them on future engagements,"
said Prabhu Natarajan, vice president, i2. "PTT Chemicals is a very
important customer for us and we expect that very soon they will be
among the supply chain leaders in the petrochemical industry."
About PTT Chemicals
PTT Chemical Public Company Limited (PTTCH) was founded upon a strong
foundation of two of the major players in Thailand's petrochemical and
chemical industry sectors - the National Petrochemical Public Company
Limited (NPC) and Thai Olefins Public Company Limited (TOC). In line
with the policy of the major shareholder, PTT, the merger puts PTT
Chemical as the leader of PTT's olefins business to take full advantage
of opportunities for future growth with competitiveness enhancement,
leading to an improvement of Thai petrochemical industry to reach
international standard.
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 June 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.
i2 Corporate Communications
Rosalynn Vasquez, 469-357-3208
Rosalynn_vasquez@i2.com
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