Business Services Industry
JDA Names MIT Sloan School of Management Professor Stephen C. Graves as Chief Science Advisor; JDA Draws on the Best Minds for Its Next Generation of Optimization Software Solutions
Business Wire, August 11, 2005
SCOTTSDALE, Ariz. -- JDA(R) Software Group Inc. (Nasdaq:JDAS) announced today that Stephen C. Graves, Ph.D., a professor at MIT's Sloan School of Management, will serve as JDA's chief science advisor. A renowned authority in the field of supply chain optimization, Graves has engaged in several initiatives with JDA that have delivered significant ROI for the more than 600 retail and supply chain customers that rely on JDA Portfolio(R) merchandise and distribution optimization software solutions. In this newly created role, Graves will provide ongoing expertise and visionary thinking to further JDA's leadership position in embedding sophisticated mathematical techniques and demand intelligence in its software to advance its customers' enterprise planning, forecasting, replenishing, assorting and overall business execution processes.
"We're constantly striving to find more effective ways to get the optimum amount of product from supplier to shelf in the most efficient and profitable manner," said Peter Charness, JDA's chief product officer and senior vice president of global marketing. "While JDA already employs a highly specialized team experienced in elaborate mathematical models and statistical concepts, Steve Graves' work at MIT puts him at the forefront in uncovering research models and methods that we believe will accelerate our efforts even further. Now we have the best minds in the country focused on our next generation of optimization solutions, designed to deliver a high return on investment for our customers," added Charness.
"Over the years I've collaborated with JDA developers and witnessed firsthand JDA's dedication to solving real-world problems related to strategic inventory positioning challenges," said Graves. "I am now excited to work with JDA customers and consultants on a next-generation forecasting and replenishment infrastructure that will open new doors for supply chain advancement and optimization."
JDA to Launch Demand Optimization Council
Graves will also be a key advisor to JDA's new Demand Optimization Council. Primarily comprised of JDA customers in the retail, wholesale and manufacturing industries, the Demand Optimization Council will provide input regarding the strategic direction, design and development of JDA's demand-driven, predictive and optimization solutions. The council's formation is yet another initiative that JDA is launching to ensure its Portfolio products continue to support its customers in achieving growth and profit improvements. JDA plans to formally announce council members and provide additional detail in coming months.
About JDA Software
With more than 4,800 retail, manufacturing and wholesale customers in 60 countries, JDA Software Group Inc. is a 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, Ariz., and employs approximately 1,100 associates operating from 26 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more information, visit www.jda.com, e-mail info@jda.com or call 800-479-7382.
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. Forward-looking statements are generally accompanied by words such as "will," and "expect" and other words with forward-looking connotations. In this press release, such forward-looking statements include, without limitation, the remarks by Charness concerning our expectation that Graves' involvement will accelerate our development of new products, our intention to deliver a high return on invention for our customers and to ensure that our products continue to support our customers in achieving growth and profit improvements. The occurrence of future events may involve a number of risks and uncertainties, including, but not limited to the risk that: (a) we may experience delays and difficulties in developing new products; (b) new products may not offer our customers the anticipated benefits; and (c) other risks detailed from time to time in the "Risk Factors" section of our filings with the Securities and Exchange Commission. Additional information relating to the uncertainty affecting our business is contained in our filings with the SEC. As a result of these and other risks, actual results may differ materially from those predicted. JDA is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
"JDA" and "JDA Portfolio" 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.
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