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Irvine, CA (April 1, 2003) - Wolverine Decision Technology, Inc. today announced that
Philips, Taiwan's Domestic Appliances and Personal Care Division (DAP), a leading
consumer electronic product distributor in Taiwan, has deployed Wolverine's
Collaborative Demand Management solution to improve forecast accuracy, enhance
internal and external collaboration and reduce business risk. This new capability will
allow DAP to serve their customers better, generate more revenue, and reduce cost in a
volatile market where better and faster demand decisions are keys to success.
Due to market demand which is not well understood or analyzed, and insufficient
collaboration within the organization and with trading partners, DAP is facing issues such
as missing sales targets and inventory excesses or shortages. To address these issues and
to remain as the leader in the market, DAP sought to bring in a solution that provided
advanced forecasting capabilities, an open collaboration platform, key performance
tracking, and timely exception identification and resolution.
DAP selected Wolverine's Collaborative Demand Management solution, Wolverine1,
because of its focus on understanding and resolving the above issues, and its ease of use.
DAP envisions a fast ROI with the implementation of Wolverine's solution. The
implementation is comprised of two phases. Phase 1, already complete, addresses
demand generation and promotion planning while Phase 2, to be kicked off in June, deals
with inventory and replenishment planning.
The successful deployment at DAP proves Wolverine's Collaborative Demand
Management vision and technologies. It also demonstrates that Wolverine is executing
well and is ahead of its growth plan. According to Dr. Andrew Yen, CEO of Irvine-based
Wolverine Decision Technology, "We are proud to provide Philips, Taiwan DAP with a
Collaborative Demand Management solution that meets their needs, and to complete the
Phase 1 implementation in such a short time frame! We are committed to delivering
similar results in Phase 2 implementation".
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About Royal Philips Electronics
Royal Philips Electronics of the Netherlands is one of the world's biggest electronics
companies and Europe's largest, with sales of $30.1 billion (EUR 31.8 billion) in 2002. It
is a global leader in color television sets, lighting, electric shavers, medical diagnostic
imaging and patient monitoring, and one-chip TV products. Its 170,000 employees in
more than 60 countries are active in the areas of lighting, consumer electronics, domestic
appliances, components, semiconductors, and medical systems. Philips is quoted on the
NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges. News
from Philips is located at
www.philips.com/newscenter/.
About Wolverine Decision Technology
Wolverine Decision Technology is a provider of collaborative demand management
software that improves demand forecast accuracy and dynamically synchronizes demand
with supply. The Wolverine software suite allows companies to capitalize upon
fast-changing market conditions by providing a 360 degree view of demand across
the enterprise and supply network in real-time. This enables companies to
intelligently manage global consensus demand forecasts for enhanced business
responsiveness, reduced inventory and logistics costs and increased customer
satisfaction and sales. Wolverine Decision Technology is a privately held company
headquartered in Irvine, California with an international office in Taipei, Taiwan.
The company can be reached at
www.wolverinedec.com
or (949)450-1680.
Company Contact:
Grace Chen
ph. 949.450.1680 ext. 7501
grace.chen@wolverinedec.com
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